Insider Selling: World Kinect (NYSE:WKC) Director Sells $189,900.00 in Stock

World Kinect Corporation (NYSE:WKC) Director Jorge Benitez sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $37.98, for a total transaction of $189,900.00. Following the sale, the director owned 63,924 shares of the company’s stock, valued at $2,427,833.52. This represents a 7.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

World Kinect Stock Performance

Shares of WKC traded down $1.01 during mid-day trading on Friday, reaching $35.63. 835,044 shares of the company’s stock were exchanged, compared to its average volume of 988,248. The stock has a market capitalization of $1.82 billion, a PE ratio of -12.00, a price-to-earnings-growth ratio of 0.59 and a beta of 1.29. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.04 and a quick ratio of 0.87. The business’s fifty day simple moving average is $36.08 and its 200-day simple moving average is $30.97. World Kinect Corporation has a 52-week low of $22.21 and a 52-week high of $41.20.

World Kinect (NYSE:WKC) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.03. World Kinect had a negative net margin of 0.37% and a positive return on equity of 13.63%. The company had revenue of $13.27 billion during the quarter, compared to analyst estimates of $12.34 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The business’s quarterly revenue was up 41.3% compared to the same quarter last year. On average, equities research analysts expect that World Kinect Corporation will post 3.58 earnings per share for the current year.

World Kinect Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 28th were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.6%. World Kinect’s dividend payout ratio (DPR) is -30.98%.

Institutional Investors Weigh In On World Kinect

A number of institutional investors and hedge funds have recently modified their holdings of WKC. Cassaday & Co Wealth Management LLC bought a new position in World Kinect during the first quarter worth about $37,000. IFP Advisors Inc increased its holdings in World Kinect by 858.9% during the second quarter. IFP Advisors Inc now owns 1,774 shares of the company’s stock worth $58,000 after buying an additional 1,589 shares during the last quarter. Transamerica Financial Advisors LLC acquired a new stake in shares of World Kinect in the second quarter valued at approximately $73,000. Fulcrum Asset Management LLP grew its stake in World Kinect by 22,620.0% in the 3rd quarter. Fulcrum Asset Management LLP now owns 2,272 shares of the company’s stock valued at $81,000 after buying an additional 2,262 shares during the last quarter. Finally, Nykredit A S acquired a new position in World Kinect in the 2nd quarter valued at $84,000. 97.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WKC shares. Morgan Stanley lifted their price objective on shares of World Kinect from $30.00 to $32.00 and gave the stock an “underweight” rating in a research note on Tuesday. Zacks Research downgraded shares of World Kinect from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Bank of America reissued an “underperform” rating on shares of World Kinect in a research note on Monday. Weiss Ratings reissued a “sell (d)” rating on shares of World Kinect in a research report on Monday, October 26th. Finally, Wall Street Zen downgraded shares of World Kinect from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 10th. One equities research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, World Kinect has a consensus rating of “Strong Sell” and an average price target of $32.00.

World Kinect Company Profile

World Kinect Corporation (NYSE:WKC) is an energy management company that supplies, distributes and manages fuel and other energy products for commercial customers around the world. The company serves the aviation, marine and land transportation sectors, as well as commercial, industrial and government customers.

Its offerings include conventional and renewable fuels, natural gas, electricity, lubricants, fuel-management services and related environmental solutions. World Kinect also provides procurement, logistics, payment-processing and transaction-management services designed to help customers manage energy supply, costs and operational requirements.

The company was founded as World Fuel Services in 1985 and adopted the World Kinect name in 2024.