World Kinect (NYSE:WKC) Chairman Sells $356,700.00 in Stock

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 10,000 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $35.67, for a total value of $356,700.00. Following the completion of the transaction, the chairman directly owned 956,450 shares in the company, valued at $34,116,571.50. The trade was a 1.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

World Kinect Trading Up 0.4%

WKC traded up $0.13 during midday trading on Tuesday, reaching $36.56. 856,303 shares of the company were exchanged, compared to its average volume of 994,881. The stock has a market capitalization of $1.87 billion, a P/E ratio of -11.39, a PEG ratio of 0.55 and a beta of 1.21. World Kinect Corporation has a one year low of $22.21 and a one year high of $41.20. The stock’s 50-day simple moving average is $36.36 and its 200 day simple moving average is $31.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.91 and a current ratio of 1.06.

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

World Kinect Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Monday, September 28th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, September 28th. World Kinect’s dividend payout ratio is presently -28.66%.

Hedge Funds Weigh In On World Kinect

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP bought a new position in shares of World Kinect during the second quarter worth about $2,346,000. Bank of New York Mellon Corp acquired a new stake in World Kinect in the 2nd quarter valued at approximately $10,224,000. Man Group plc bought a new stake in World Kinect in the 2nd quarter valued at approximately $10,379,000. Empowered Funds LLC bought a new stake in World Kinect in the 2nd quarter valued at approximately $7,867,000. Finally, Deutsche Bank AG acquired a new position in World Kinect during the 2nd quarter worth approximately $1,843,000. 97.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of World Kinect from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 26th. Weiss Ratings cut shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. Zacks Research downgraded World Kinect from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Finally, Morgan Stanley set a $30.00 target price on World Kinect in a report on Wednesday, July 29th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Sell” and a consensus target price of $30.00.

World Kinect Company Profile

World Kinect Corporation (NYSE:WKC) is an energy management company that supplies, distributes and manages fuel and other energy products for commercial, industrial and government customers. Its offerings include aviation fuel, marine fuel, land-based transportation fuels, natural gas, electricity, lubricants and renewable energy products.

The company provides services across the aviation, marine and land transportation markets, helping customers procure, deliver and manage energy through its global supply, logistics and technology capabilities.