UBS Group AG Raises Stock Position in World Kinect Corporation $WKC

UBS Group AG lifted its position in World Kinect Corporation (NYSE:WKC) by 38.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 226,440 shares of the company’s stock after buying an additional 62,492 shares during the period. UBS Group AG’s holdings in World Kinect were worth $5,305,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hantz Financial Services Inc. grew its position in shares of World Kinect by 282.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,286 shares of the company’s stock worth $33,000 after buying an additional 950 shares during the last quarter. Clearstead Advisors LLC grew its position in shares of World Kinect by 52.8% in the 3rd quarter. Clearstead Advisors LLC now owns 1,261 shares of the company’s stock worth $33,000 after buying an additional 436 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in shares of World Kinect in the 3rd quarter worth approximately $61,000. Raymond James Financial Inc. purchased a new position in shares of World Kinect in the 2nd quarter worth approximately $96,000. Finally, PNC Financial Services Group Inc. grew its position in shares of World Kinect by 8.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,397 shares of the company’s stock worth $166,000 after buying an additional 503 shares during the last quarter. Hedge funds and other institutional investors own 97.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Zacks Research raised shares of World Kinect from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Morgan Stanley lifted their price objective on shares of World Kinect from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen raised shares of World Kinect from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, World Kinect presently has an average rating of “Hold” and an average price target of $29.50.

World Kinect Stock Down 0.7%

NYSE:WKC opened at $28.89 on Friday. The company has a market cap of $1.48 billion, a PE ratio of -2.83, a P/E/G ratio of 0.59 and a beta of 1.22. World Kinect Corporation has a twelve month low of $22.21 and a twelve month high of $29.85. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.65. The company’s 50 day moving average is $24.80 and its two-hundred day moving average is $25.05.

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

World Kinect Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Monday, March 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, March 30th. World Kinect’s payout ratio is currently -7.84%.

Insider Activity at World Kinect

In other World Kinect news, CAO Michael John Kroll sold 2,100 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $27.30, for a total transaction of $57,330.00. Following the sale, the chief accounting officer owned 10,390 shares of the company’s stock, valued at approximately $283,647. The trade was a 16.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard A. Kassar sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $26.97, for a total transaction of $269,700.00. Following the sale, the director directly owned 53,812 shares in the company, valued at approximately $1,451,309.64. This represents a 15.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 67,928 shares of company stock worth $1,878,484 in the last quarter. 3.80% of the stock is currently owned by company insiders.

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.