Royal Bank of Canada Has $7.58 Million Stake in World Kinect Corporation $WKC

Royal Bank of Canada lifted its position in shares of World Kinect Corporation (NYSE:WKC) by 30.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 328,662 shares of the company’s stock after purchasing an additional 76,657 shares during the period. Royal Bank of Canada’s holdings in World Kinect were worth $7,583,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC acquired a new position in World Kinect in the 1st quarter valued at $37,000. Aquatic Capital Management LLC acquired a new stake in shares of World Kinect during the third quarter worth $61,000. Aster Capital Management DIFC Ltd lifted its holdings in shares of World Kinect by 977.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock worth $62,000 after buying an additional 2,386 shares in the last quarter. Clearstead Advisors LLC boosted its position in shares of World Kinect by 108.8% in the fourth quarter. Clearstead Advisors LLC now owns 2,633 shares of the company’s stock valued at $62,000 after acquiring an additional 1,372 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of World Kinect in the second quarter valued at about $96,000. 97.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at World Kinect

In related news, Director Paul H. Stebbins sold 33,445 shares of World Kinect stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $39.93, for a total transaction of $1,335,458.85. Following the sale, the director directly owned 58,878 shares of the company’s stock, valued at approximately $2,350,998.54. The trade was a 36.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John L. Manley sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $39.88, for a total transaction of $398,800.00. Following the transaction, the director owned 54,116 shares of the company’s stock, valued at approximately $2,158,146.08. This represents a 15.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 118,445 shares of company stock valued at $4,232,940. 3.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WKC has been the topic of a number of recent research reports. Zacks Research raised shares of World Kinect from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. Wall Street Zen raised shares of World Kinect from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Morgan Stanley set a $30.00 target price on shares of World Kinect in a research report on Wednesday, July 29th. Finally, Weiss Ratings cut shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $30.00.

World Kinect Price Performance

World Kinect stock opened at $37.04 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.91 and a current ratio of 1.06. World Kinect Corporation has a 52 week low of $22.21 and a 52 week high of $41.20. The stock has a market capitalization of $1.89 billion, a P/E ratio of -11.54, a price-to-earnings-growth ratio of 0.56 and a beta of 1.17. The stock has a fifty day moving average of $34.39 and a 200-day moving average of $28.69.

World Kinect (NYSE:WKC) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.54. World Kinect had a positive return on equity of 11.24% and a negative net margin of 0.43%.The business had revenue of $13.59 billion for the quarter, compared to analyst estimates of $10.50 billion. During the same period last year, the firm posted $0.59 earnings per share. World Kinect’s revenue was up 50.3% compared to the same quarter last year. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. On average, sell-side analysts expect that World Kinect Corporation will post 3.6 earnings per share for the current fiscal year.

World Kinect Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Tuesday, June 30th. This is an increase from World Kinect’s previous quarterly dividend of $0.20. World Kinect’s dividend payout ratio is -28.66%.

World Kinect 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.