Insider Selling: World Kinect (NYSE:WKC) Chairman Sells $23,334.85 in Stock

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 847 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $27.55, for a total transaction of $23,334.85. Following the completion of the sale, the chairman owned 1,061,950 shares of the company’s stock, valued at approximately $29,256,722.50. This represents a 0.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

World Kinect Price Performance

WKC stock opened at $27.07 on Friday. The stock has a 50-day moving average price of $23.97 and a two-hundred day moving average price of $24.85. The stock has a market cap of $1.39 billion, a PE ratio of -2.65, a price-to-earnings-growth ratio of 0.55 and a beta of 1.22. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.65. World Kinect Corporation has a 1 year low of $22.21 and a 1 year high of $29.85.

World Kinect (NYSE:WKC) last released its earnings results on Thursday, April 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.44. The firm had revenue of $9.69 billion during the quarter, compared to analysts’ expectations of $9.29 billion. World Kinect had a positive return on equity of 8.27% and a negative net margin of 1.53%.The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. Equities analysts forecast that World Kinect Corporation will post 2.83 EPS for the current fiscal year.

World Kinect Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Monday, March 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Monday, March 30th. World Kinect’s dividend payout ratio is -7.84%.

Hedge Funds Weigh In On World Kinect

A number of large investors have recently modified their holdings of WKC. Hantz Financial Services Inc. boosted its stake in shares of World Kinect by 282.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,286 shares of the company’s stock worth $33,000 after buying an additional 950 shares during the last quarter. Clearstead Advisors LLC boosted its stake 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 worth $33,000 after buying an additional 436 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of World Kinect by 369.3% during the 3rd quarter. Versant Capital Management Inc now owns 2,112 shares of the company’s stock worth $55,000 after buying an additional 1,662 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of World Kinect during the 3rd quarter worth about $61,000. Finally, Aster Capital Management DIFC Ltd boosted its stake in shares of World Kinect by 977.9% during the 4th 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 during the last quarter. 97.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WKC. Wall Street Zen upgraded World Kinect from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley lowered their target price on World Kinect from $27.00 to $25.00 and set an “underweight” rating for the company in a report on Tuesday, March 3rd. Finally, Zacks Research upgraded World Kinect from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 25th. 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 stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $29.00.

About World Kinect

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.