Michael Kasbar Sells 700 Shares of World Kinect (NYSE:WKC) Stock

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 700 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $30.00, for a total value of $21,000.00. Following the completion of the sale, the chairman owned 1,040,750 shares of the company’s stock, valued at $31,222,500. This trade represents a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

World Kinect Trading Up 3.4%

World Kinect stock traded up $1.03 during mid-day trading on Tuesday, hitting $31.18. The company’s stock had a trading volume of 944,073 shares, compared to its average volume of 851,544. The firm has a market capitalization of $1.60 billion, a PE ratio of -3.05, a price-to-earnings-growth ratio of 0.61 and a beta of 1.23. World Kinect Corporation has a 1 year low of $22.21 and a 1 year high of $31.21. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.65. The stock’s fifty day moving average is $26.32 and its two-hundred day moving average is $25.41.

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

World Kinect Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Monday, March 30th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, March 30th. World Kinect’s dividend payout ratio is presently -7.84%.

Hedge Funds Weigh In On World Kinect

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Villanova Investment Management Co LLC lifted its position in shares of World Kinect by 0.4% during the 4th quarter. Villanova Investment Management Co LLC now owns 107,302 shares of the company’s stock valued at $2,514,000 after acquiring an additional 434 shares during the period. Clearstead Advisors LLC lifted its position in shares of World Kinect by 52.8% during the 3rd quarter. Clearstead Advisors LLC now owns 1,261 shares of the company’s stock valued at $33,000 after acquiring an additional 436 shares during the period. Hsbc Holdings PLC lifted its position in shares of World Kinect by 2.0% during the 1st quarter. Hsbc Holdings PLC now owns 25,390 shares of the company’s stock valued at $586,000 after acquiring an additional 489 shares during the period. Johnson Investment Counsel Inc. lifted its position in shares of World Kinect by 0.5% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 110,836 shares of the company’s stock valued at $2,876,000 after acquiring an additional 502 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of World Kinect by 8.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,397 shares of the company’s stock valued at $166,000 after acquiring an additional 503 shares during the period. Hedge funds and other institutional investors own 97.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WKC. Morgan Stanley upped their price target on World Kinect from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 5th. Weiss Ratings upgraded World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 14th. Wall Street Zen upgraded World Kinect from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Zacks Research cut World Kinect from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $29.50.

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.