Insider Selling: World Kinect (NYSE:WKC) Chairman Sells 10,000 Shares

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 10,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $39.41, for a total transaction of $394,100.00. Following the completion of the sale, the chairman directly owned 976,450 shares in the company, valued at $38,481,894.50. This trade represents a 1.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

World Kinect Price Performance

Shares of WKC stock traded down $0.55 during trading hours on Wednesday, hitting $38.55. The company’s stock had a trading volume of 1,592,806 shares, compared to its average volume of 979,881. The business has a fifty day moving average of $33.71 and a 200-day moving average of $28.41. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of -12.01, a P/E/G ratio of 0.60 and a beta of 1.17. World Kinect Corporation has a twelve month low of $22.21 and a twelve month high of $41.20. 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 (NYSE:WKC) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $10.50 billion. During the same period in the previous year, the firm posted $0.59 EPS. The company’s quarterly revenue was up 50.3% compared to the same quarter last year. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. As a group, equities research analysts anticipate that World Kinect Corporation will post 3.6 EPS for the current year.

World Kinect Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th were given a $0.23 dividend. This is an increase from World Kinect’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, June 30th. World Kinect’s dividend payout ratio (DPR) is currently -28.66%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On World Kinect

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of World Kinect by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 6,713,507 shares of the company’s stock worth $157,297,000 after purchasing an additional 62,111 shares during the period. Brandes Investment Partners LP grew its holdings in shares of World Kinect by 30.9% during the 4th quarter. Brandes Investment Partners LP now owns 3,845,750 shares of the company’s stock worth $90,106,000 after purchasing an additional 907,490 shares during the period. Invesco Ltd. increased its position in World Kinect by 9.5% during the 3rd quarter. Invesco Ltd. now owns 2,450,762 shares of the company’s stock worth $63,597,000 after purchasing an additional 213,145 shares in the last quarter. LSV Asset Management increased its position in World Kinect by 11.4% during the 4th quarter. LSV Asset Management now owns 1,938,804 shares of the company’s stock worth $45,426,000 after purchasing an additional 198,076 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in World Kinect by 373.8% in the third quarter. Millennium Management LLC now owns 1,602,996 shares of the company’s stock valued at $41,598,000 after buying an additional 1,264,684 shares during the period. 97.06% of the stock is currently owned by institutional investors and hedge funds.

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.