World Kinect (NYSE:WKC) Director Sells 33,445 Shares

World Kinect Corporation (NYSE:WKC) Director Paul Stebbins sold 33,445 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $39.93, for a total transaction of $1,335,458.85. Following the sale, the director owned 58,878 shares in the company, valued at approximately $2,350,998.54. This represents a 36.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

World Kinect Price Performance

Shares of World Kinect stock traded up $0.09 during trading hours on Friday, reaching $39.82. The stock had a trading volume of 1,184,482 shares, compared to its average volume of 971,937. The stock’s 50 day moving average is $33.12 and its 200 day moving average is $28.16. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 0.58. World Kinect Corporation has a twelve month low of $22.21 and a twelve month high of $41.20. The firm has a market capitalization of $2.04 billion, a PE ratio of -12.41, a PEG ratio of 0.62 and a beta of 1.19.

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

World Kinect Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This is an increase from World Kinect’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a yield of 2.3%. World Kinect’s dividend payout ratio is -28.66%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on WKC shares. Wall Street Zen upgraded World Kinect from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings lowered shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday. Zacks Research upgraded shares of World Kinect from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. Finally, Morgan Stanley set a $30.00 price objective on shares of World Kinect in a report on Wednesday. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $31.50.

Institutional Investors Weigh In On World Kinect

Several large investors have recently bought and sold shares of WKC. Cassaday & Co Wealth Management LLC purchased a new position in shares of World Kinect in the first quarter valued at approximately $37,000. Aquatic Capital Management LLC purchased a new stake in shares of World Kinect during the third quarter worth approximately $61,000. Clearstead Advisors LLC raised its stake in World Kinect by 108.8% in the 4th quarter. Clearstead Advisors LLC now owns 2,633 shares of the company’s stock valued at $62,000 after purchasing an additional 1,372 shares during the last quarter. Aster Capital Management DIFC Ltd raised its stake in World Kinect by 977.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock valued at $62,000 after purchasing an additional 2,386 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in World Kinect in the 2nd quarter valued at $96,000. 97.06% of the stock is currently owned by hedge funds and other institutional investors.

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.