World Kinect (NYSE:WKC) Director Richard Kassar Sells 10,000 Shares

World Kinect Corporation (NYSE:WKC) Director Richard Kassar sold 10,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $26.97, for a total value of $269,700.00. Following the transaction, the director owned 53,812 shares of the company’s stock, valued at approximately $1,451,309.64. The trade was a 15.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

World Kinect Price Performance

Shares of WKC opened at $27.41 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 0.87. World Kinect Corporation has a 12 month low of $22.21 and a 12 month high of $29.85. The stock has a fifty day moving average price of $24.21 and a 200 day moving average price of $24.92. The company has a market cap of $1.41 billion, a P/E ratio of -2.68, a PEG ratio of 0.56 and a beta of 1.22.

World Kinect (NYSE:WKC) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.44. World Kinect had a positive return on equity of 8.27% and a negative net margin of 1.53%.The company had revenue of $9.69 billion during the quarter, compared to analysts’ expectations of $9.29 billion. During the same quarter in the prior year, the business posted $0.48 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. On average, research analysts forecast that World Kinect Corporation will post 2.79 earnings per share for the current year.

World Kinect Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Monday, March 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.9%. World Kinect’s dividend payout ratio is presently -7.84%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WKC shares. Wall Street Zen raised World Kinect from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Morgan Stanley upped their target price on World Kinect from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Tuesday, May 5th. Finally, Zacks Research raised World Kinect from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $29.50.

Institutional Investors Weigh In On World Kinect

Several hedge funds have recently bought and sold shares of WKC. Millennium Management LLC lifted its stake in World Kinect by 373.8% in the 3rd quarter. Millennium Management LLC now owns 1,602,996 shares of the company’s stock worth $41,598,000 after acquiring an additional 1,264,684 shares in the last quarter. Brandes Investment Partners LP lifted its stake in World Kinect by 30.9% in the 4th quarter. Brandes Investment Partners LP now owns 3,845,750 shares of the company’s stock worth $90,106,000 after acquiring an additional 907,490 shares in the last quarter. American Century Companies Inc. lifted its stake in World Kinect by 64.1% in the 3rd quarter. American Century Companies Inc. now owns 1,042,766 shares of the company’s stock worth $27,060,000 after acquiring an additional 407,225 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in World Kinect in the 4th quarter worth about $9,427,000. Finally, Qube Research & Technologies Ltd lifted its stake in World Kinect by 119.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 702,367 shares of the company’s stock worth $18,226,000 after acquiring an additional 382,340 shares in the last quarter. 97.06% of the stock is owned by hedge funds and other institutional investors.

World Kinect Company Profile

World Kinect Energy Services, Inc (NYSE: WKC) is a global energy services company specializing in fuel procurement, supply chain management and risk mitigation solutions. The company offers an integrated platform that facilitates the sourcing, trading and logistics of refined fuels, natural gas, liquefied natural gas (LNG) and renewable energy products. Its services are designed to help industrial, commercial and institutional clients optimize energy costs, comply with environmental regulations and manage price volatility.

In addition to traditional commodity trading and delivery, World Kinect provides a suite of value-added services that include carbon offset and decarbonization strategies, energy efficiency consulting and emissions reporting.