Insider Selling: World Kinect (NYSE:WKC) Chairman Sells $394,100.00 in Stock

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 10,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $39.41, for a total transaction of $394,100.00. Following the transaction, the chairman owned 976,450 shares of the company’s stock, valued at $38,481,894.50. The trade was a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

World Kinect Stock Performance

Shares of WKC stock opened at $36.40 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.06 and a quick ratio of 0.91. World Kinect Corporation has a one year low of $22.21 and a one year high of $41.20. The company has a fifty day moving average price of $34.23 and a two-hundred day moving average price of $28.60. The stock has a market cap of $1.86 billion, a P/E ratio of -11.34, a P/E/G ratio of 0.57 and a beta of 1.17.

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

World Kinect Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in World Kinect by 2.2% during the first quarter. Royal Bank of Canada now owns 68,228 shares of the company’s stock worth $1,934,000 after purchasing an additional 1,481 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of World Kinect by 16.5% in the 1st quarter. AQR Capital Management LLC now owns 119,198 shares of the company’s stock valued at $3,380,000 after purchasing an additional 16,874 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of World Kinect by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,972 shares of the company’s stock worth $963,000 after buying an additional 1,497 shares in the last quarter. Millennium Management LLC raised its holdings in shares of World Kinect by 3.3% during the 1st quarter. Millennium Management LLC now owns 525,697 shares of the company’s stock worth $14,909,000 after buying an additional 16,738 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of World Kinect by 18.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,791 shares of the company’s stock worth $6,262,000 after buying an additional 34,807 shares during the last quarter. 97.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on WKC shares. Zacks Research raised shares of World Kinect from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Morgan Stanley set a $30.00 price objective on World Kinect in a research note on Wednesday, July 29th. Weiss Ratings cut World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. Finally, Wall Street Zen upgraded World Kinect from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, World Kinect presently has an average rating of “Hold” and an average target price of $30.00.

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.