Universal Beteiligungs und Servicegesellschaft mbH Grows Stock Holdings in World Kinect Corporation $WKC

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of World Kinect Corporation (NYSE:WKC) by 12.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 174,715 shares of the company’s stock after acquiring an additional 18,704 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in World Kinect were worth $4,097,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clearstead Advisors LLC raised its holdings in World Kinect by 52.8% during the third quarter. Clearstead Advisors LLC now owns 1,261 shares of the company’s stock worth $33,000 after purchasing an additional 436 shares in the last quarter. Johnson Investment Counsel Inc. increased its holdings in World Kinect by 0.5% in the third quarter. Johnson Investment Counsel Inc. now owns 110,836 shares of the company’s stock valued at $2,876,000 after buying an additional 502 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in World Kinect by 8.5% in the third quarter. PNC Financial Services Group Inc. now owns 6,397 shares of the company’s stock valued at $166,000 after buying an additional 503 shares in the last quarter. GF Fund Management CO. LTD. increased its holdings in World Kinect by 5.0% in the fourth quarter. GF Fund Management CO. LTD. now owns 16,135 shares of the company’s stock valued at $378,000 after buying an additional 771 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in World Kinect by 1.4% in the second quarter. California State Teachers Retirement System now owns 54,354 shares of the company’s stock valued at $1,541,000 after buying an additional 775 shares in the last quarter. Hedge funds and other institutional investors own 97.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on WKC shares. Zacks Research raised shares of World Kinect from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 25th. Morgan Stanley dropped their target price on shares of World Kinect from $27.00 to $25.00 and set an “underweight” rating for the company in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, World Kinect currently has a consensus rating of “Reduce” and an average target price of $29.00.

Insider Activity at World Kinect

In other news, Chairman Michael J. Kasbar sold 23,653 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $28.18, for a total value of $666,541.54. Following the sale, the chairman directly owned 1,062,797 shares in the company, valued at $29,949,619.46. This represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is owned by corporate insiders.

World Kinect Trading Up 0.5%

Shares of World Kinect stock opened at $26.95 on Thursday. World Kinect Corporation has a 12-month low of $22.21 and a 12-month high of $29.85. 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 has a market cap of $1.38 billion, a PE ratio of -2.64, a price-to-earnings-growth ratio of 0.54 and a beta of 1.11. The company has a 50-day moving average of $23.96 and a two-hundred day moving average of $24.83.

World Kinect (NYSE:WKC) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.31 by $0.44. The business had revenue of $9.69 billion for the quarter, compared to analyst estimates of $9.29 billion. World Kinect had a negative net margin of 1.53% and a positive return on equity of 8.27%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.48 earnings per share. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. On average, research analysts anticipate that World Kinect Corporation will post 2.8 EPS for the current fiscal year.

World Kinect Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Monday, March 30th were given a $0.20 dividend. The ex-dividend date was Monday, March 30th. This represents a $0.80 annualized dividend and a dividend yield of 3.0%. World Kinect’s dividend payout ratio is currently -7.84%.

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.