World Kinect (NYSE:WKC) Chairman Sells $13,750.00 in Stock

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 500 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $27.50, for a total transaction of $13,750.00. Following the sale, the chairman directly owned 1,051,450 shares in the company, valued at $28,914,875. This trade represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

World Kinect Price Performance

Shares of WKC opened at $27.07 on Friday. The firm 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. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 0.87. World Kinect Corporation has a 1-year low of $22.21 and a 1-year high of $29.85. The company’s fifty day moving average price is $24.09 and its 200-day moving average price is $24.89.

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

World Kinect Dividend Announcement

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On World Kinect

Several hedge funds have recently added to or reduced their stakes in WKC. Hantz Financial Services Inc. boosted its holdings in World Kinect by 282.7% in the third quarter. Hantz Financial Services Inc. now owns 1,286 shares of the company’s stock valued at $33,000 after purchasing 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 acquiring an additional 436 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of World Kinect during the 1st quarter valued at about $37,000. Versant Capital Management Inc grew its position 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 valued at $55,000 after acquiring an additional 1,662 shares during the period. Finally, Aquatic Capital Management LLC purchased a new position in shares of World Kinect in the 3rd quarter valued at about $61,000. 97.06% of the stock is owned by hedge funds and other institutional investors.

World Kinect Company Profile

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.