World Kinect (NYSE:WKC) Chairman Sells $291,500.00 in Stock

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $29.15, for a total value of $291,500.00. Following the completion of the sale, the chairman owned 1,041,450 shares in the company, valued at $30,358,267.50. The trade was a 0.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

World Kinect Stock Up 1.7%

Shares of World Kinect stock traded up $0.49 on Thursday, reaching $29.69. 593,218 shares of the company were exchanged, compared to its average volume of 852,797. World Kinect Corporation has a one year low of $22.21 and a one year high of $29.88. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of -2.91, a PEG ratio of 0.59 and a beta of 1.22. 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 has a 50-day moving average of $25.92 and a 200 day moving average of $25.29.

World Kinect (NYSE:WKC) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.75 earnings per share (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 company had revenue of $9.69 billion for the quarter, compared to analysts’ expectations of $9.29 billion. During the same quarter in the prior year, the business posted $0.48 EPS. The business’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 forecast that World Kinect Corporation will post 2.79 earnings per share for the current year.

World Kinect Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Monday, March 30th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, March 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.7%. World Kinect’s dividend payout ratio is currently -7.84%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Edgestream Partners L.P. increased its holdings in shares of World Kinect by 2.9% during the 1st quarter. Edgestream Partners L.P. now owns 120,060 shares of the company’s stock worth $2,770,000 after acquiring an additional 3,398 shares during the last quarter. Amundi grew its holdings in World Kinect by 87.4% in the 1st quarter. Amundi now owns 24,394 shares of the company’s stock valued at $563,000 after buying an additional 11,378 shares in the last quarter. California State Teachers Retirement System grew its holdings in World Kinect by 36.2% in the 1st quarter. California State Teachers Retirement System now owns 73,864 shares of the company’s stock valued at $1,704,000 after buying an additional 19,622 shares in the last quarter. Royal Bank of Canada grew its holdings in World Kinect by 30.4% in the 1st quarter. Royal Bank of Canada now owns 328,662 shares of the company’s stock valued at $7,583,000 after buying an additional 76,657 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in World Kinect by 51.2% in the 1st quarter. Quantinno Capital Management LP now owns 70,506 shares of the company’s stock valued at $1,627,000 after buying an additional 23,889 shares in the last quarter. 97.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Weiss Ratings upgraded World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 14th. Morgan Stanley upped their price objective on World Kinect from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 5th. Zacks Research cut World Kinect from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Wall Street Zen upgraded World Kinect from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $29.50.

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.