WINTON GROUP Ltd Invests $3.37 Million in World Kinect Corporation $WKC

WINTON GROUP Ltd purchased a new position in shares of World Kinect Corporation (NYSE:WKC) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 143,895 shares of the company’s stock, valued at approximately $3,371,000.

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

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Morgan Stanley increased their price target on shares of 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 downgraded shares of World Kinect from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Weiss Ratings raised shares of World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. Finally, Wall Street Zen raised shares of World Kinect from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $29.50.

Insider Activity at World Kinect

In other World Kinect news, Director Richard A. Kassar sold 10,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $26.97, for a total value of $269,700.00. Following the completion of the sale, the director directly owned 53,812 shares of the company’s stock, valued at $1,451,309.64. This represents a 15.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Michael John Kroll sold 2,100 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer directly owned 10,390 shares of the company’s stock, valued at approximately $283,647. This trade represents a 16.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 77,928 shares of company stock valued at $2,169,984 in the last quarter. Company insiders own 3.80% of the company’s stock.

World Kinect Price Performance

Shares of World Kinect stock opened at $29.84 on Monday. 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 fifty-two week low of $22.21 and a fifty-two week high of $30.02. The firm has a fifty day moving average price of $26.19 and a two-hundred day moving average price of $25.36. The company has a market cap of $1.53 billion, a PE ratio of -2.92, a price-to-earnings-growth ratio of 0.61 and a beta of 1.22.

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

World Kinect Announces Dividend

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

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.