Hsbc Holdings PLC Takes Position in World Kinect Corporation $WKC

Hsbc Holdings PLC acquired a new position in shares of World Kinect Corporation (NYSE:WKC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 115,374 shares of the company’s stock, valued at approximately $3,863,000. Hsbc Holdings PLC owned 0.23% of World Kinect as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Villanova Investment Management Co LLC increased its stake in shares of 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 purchasing an additional 434 shares in the last quarter. Lido Advisors LLC increased its stake in World Kinect by 6.1% during the 4th quarter. Lido Advisors LLC now owns 10,504 shares of the company’s stock worth $268,000 after buying an additional 608 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of World Kinect by 1.4% during the second quarter. California State Teachers Retirement System now owns 54,354 shares of the company’s stock valued at $1,541,000 after acquiring an additional 775 shares during the last quarter. Amundi lifted its position in shares of World Kinect by 6.9% in the third quarter. Amundi now owns 13,874 shares of the company’s stock valued at $360,000 after acquiring an additional 898 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its position in shares of World Kinect by 3.3% in the first quarter. Illinois Municipal Retirement Fund now owns 29,862 shares of the company’s stock valued at $689,000 after acquiring an additional 950 shares in the last quarter. 97.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other World Kinect news, Director John L. Manley sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $39.88, for a total transaction of $398,800.00. Following the completion of the transaction, the director owned 54,116 shares in the company, valued at $2,158,146.08. The trade was a 15.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jose-Miguel Tejada sold 6,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $37.16, for a total transaction of $222,960.00. Following the completion of the sale, the executive vice president directly owned 35,676 shares in the company, valued at approximately $1,325,720.16. This represents a 14.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 124,445 shares of company stock worth $4,455,900. 3.80% of the stock is owned by corporate insiders.

World Kinect Trading Down 0.6%

Shares of NYSE WKC opened at $35.61 on Friday. The stock has a fifty day simple moving average of $35.92 and a 200-day simple moving average of $29.59. World Kinect Corporation has a twelve month low of $22.21 and a twelve month high of $41.20. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $1.82 billion, a PE ratio of -11.09, a PEG ratio of 0.54 and a beta of 1.17.

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

World Kinect Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th were given 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 2.6%. This is an increase from World Kinect’s previous quarterly dividend of $0.20. World Kinect’s dividend payout ratio is -28.66%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on WKC shares. Wall Street Zen downgraded World Kinect from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings cut shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. Morgan Stanley set a $30.00 target price on shares of World Kinect in a report on Wednesday, July 29th. Finally, Zacks Research raised shares of World Kinect from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently 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.