26,914 Shares in World Kinect Corporation $WKC Bought by State of Wyoming

State of Wyoming purchased a new stake in World Kinect Corporation (NYSE:WKC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 26,914 shares of the company’s stock, valued at approximately $887,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GSA Capital Partners LLP acquired a new position in World Kinect during the second quarter worth $2,346,000. GAMMA Investing LLC grew its holdings in shares of World Kinect by 80.5% during the second quarter. GAMMA Investing LLC now owns 5,568 shares of the company’s stock valued at $183,000 after buying an additional 2,484 shares during the last quarter. Edgestream Partners L.P. grew its holdings in shares of World Kinect by 2.9% during the first quarter. Edgestream Partners L.P. now owns 120,060 shares of the company’s stock valued at $2,770,000 after buying an additional 3,398 shares during the last quarter. Amundi increased its position in shares of World Kinect by 87.4% during the first quarter. Amundi now owns 24,394 shares of the company’s stock worth $563,000 after acquiring an additional 11,378 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of World Kinect by 36.2% during the first quarter. California State Teachers Retirement System now owns 73,864 shares of the company’s stock worth $1,704,000 after acquiring an additional 19,622 shares in the last quarter. Institutional investors own 97.06% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on WKC. Wall Street Zen upgraded shares of World Kinect from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Morgan Stanley set a $30.00 price objective on World Kinect in a report on Wednesday, July 29th. Zacks Research upgraded World Kinect from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings cut World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.00.

Insider Transactions at World Kinect

In related news, Director John L. Manley sold 10,000 shares of the company’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 sale, the director directly owned 54,116 shares in the company, valued at approximately $2,158,146.08. This represents a 15.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Michael J. Kasbar sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $35.04, for a total transaction of $876,000.00. Following the completion of the transaction, the chairman directly owned 986,450 shares of the company’s stock, valued at approximately $34,565,208. This trade represents a 2.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 118,445 shares of company stock worth $4,232,940 over the last quarter. Corporate insiders own 3.80% of the company’s stock.

World Kinect Price Performance

World Kinect stock opened at $36.12 on Friday. World Kinect Corporation has a 52 week low of $22.21 and a 52 week high of $41.20. The company’s 50 day moving average price is $34.98 and its two-hundred day moving average price is $28.96. The stock has a market cap of $1.85 billion, a P/E ratio of -11.25, a P/E/G ratio of 0.55 and a beta of 1.17. The company has a quick ratio of 0.91, a current ratio of 1.06 and a debt-to-equity ratio of 0.58.

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

World Kinect Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.23 per share. This is a boost from World Kinect’s previous quarterly dividend of $0.20. This represents a $0.92 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Tuesday, June 30th. World Kinect’s dividend payout ratio (DPR) is -28.66%.

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.