Dimensional Fund Advisors LP Has $74.73 Million Stock Position in World Kinect Corporation $WKC

Dimensional Fund Advisors LP reduced its stake in shares of World Kinect Corporation (NYSE:WKC) by 15.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,239,321 shares of the company’s stock after selling 592,236 shares during the period. Dimensional Fund Advisors LP owned approximately 0.06% of World Kinect worth $74,732,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC raised its stake in World Kinect by 373.8% during the third 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 holdings in shares of World Kinect by 30.9% in the fourth 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 during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of World Kinect in the 4th quarter valued at approximately $9,427,000. Qube Research & Technologies Ltd grew its holdings in shares of World Kinect by 119.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 702,367 shares of the company’s stock valued at $18,226,000 after purchasing an additional 382,340 shares during the last quarter. Finally, OP Asset Management Ltd acquired a new position in World Kinect during the 1st quarter worth approximately $7,532,000. 97.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Michael J. Kasbar sold 25,000 shares of the business’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $35.04, for a total value of $876,000.00. Following the transaction, the chairman owned 986,450 shares in the company, valued at $34,565,208. The trade was a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard A. Kassar sold 10,000 shares of the stock in a transaction that occurred 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 in the company, valued at $1,451,309.64. The trade was a 15.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 151,873 shares of company stock worth $5,027,447. Corporate insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

WKC has been the subject of several research reports. Zacks Research raised shares of World Kinect from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. Morgan Stanley set a $30.00 price target on shares of World Kinect in a report on Wednesday. Wall Street Zen upgraded World Kinect from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Weiss Ratings lowered shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $30.00.

World Kinect Stock Up 0.2%

Shares of NYSE:WKC opened at $39.82 on Friday. The firm has a market cap of $2.04 billion, a P/E ratio of -12.41, a P/E/G ratio of 0.61 and a beta of 1.19. The company has a quick ratio of 0.91, a current ratio of 1.06 and a debt-to-equity ratio of 0.58. World Kinect Corporation has a 12-month low of $22.21 and a 12-month high of $41.20. The business has a fifty day simple moving average of $33.33 and a 200 day simple moving average of $28.24.

World Kinect (NYSE:WKC) last announced its earnings results on Thursday, July 23rd. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $0.75 by $0.54. The firm had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $10.50 billion. World Kinect had a positive return on equity of 11.24% and a negative net margin of 0.43%.The business’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. Analysts predict that World Kinect Corporation will post 3.6 earnings per share for the current year.

World Kinect Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th were given a $0.23 dividend. This is an increase from World Kinect’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.3%. World Kinect’s dividend payout ratio is presently -28.66%.

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.