Insider Selling: World Kinect (NYSE:WKC) CAO Sells $57,330.00 in Stock

World Kinect Corporation (NYSE:WKC) CAO Michael John Kroll sold 2,100 shares of World Kinect stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $27.30, for a total transaction of $57,330.00. Following the completion of the sale, the chief accounting officer owned 10,390 shares of the company’s stock, valued at $283,647. This trade represents a 16.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

World Kinect Price Performance

NYSE WKC opened at $27.07 on Friday. The company has a 50 day moving average price of $24.09 and a two-hundred day moving average price of $24.89. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. World Kinect Corporation has a 12-month low of $22.21 and a 12-month high of $29.85. The stock has a market capitalization 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.

World Kinect (NYSE:WKC) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.44. World Kinect had a negative net margin of 1.53% and a positive return on equity of 8.27%. The business had revenue of $9.69 billion during the quarter, compared to analysts’ expectations of $9.29 billion. During the same period in the previous year, the company earned $0.48 earnings per share. World Kinect’s revenue for the quarter was up 2.5% on a year-over-year basis. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. As a group, equities analysts predict that World Kinect Corporation will post 2.79 earnings per share for the current fiscal year.

World Kinect Announces Dividend

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

Hedge Funds Weigh In On World Kinect

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Villanova Investment Management Co LLC increased its position in World Kinect by 0.4% during the fourth quarter. Villanova Investment Management Co LLC now owns 107,302 shares of the company’s stock worth $2,514,000 after acquiring an additional 434 shares during the period. Clearstead Advisors LLC increased its position 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 acquiring an additional 436 shares during the period. Hsbc Holdings PLC increased its position in World Kinect by 2.0% during the first quarter. Hsbc Holdings PLC now owns 25,390 shares of the company’s stock worth $586,000 after acquiring an additional 489 shares during the period. Johnson Investment Counsel Inc. increased its position in World Kinect by 0.5% during the third quarter. Johnson Investment Counsel Inc. now owns 110,836 shares of the company’s stock worth $2,876,000 after acquiring an additional 502 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in World Kinect by 8.5% during the third quarter. PNC Financial Services Group Inc. now owns 6,397 shares of the company’s stock worth $166,000 after acquiring an additional 503 shares during the period. Institutional investors own 97.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WKC. Wall Street Zen upgraded shares of World Kinect from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research upgraded shares of World Kinect from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Finally, Morgan Stanley boosted their price objective on shares of World Kinect from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $29.50.

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.