World Kinect (NYSE:WKC) Chairman Michael Kasbar Sells 847 Shares of Stock

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 847 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $27.55, for a total value of $23,334.85. Following the sale, the chairman owned 1,061,950 shares of the company’s stock, valued at approximately $29,256,722.50. This represents a 0.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

World Kinect Stock Performance

Shares of WKC opened at $26.96 on Friday. World Kinect Corporation has a 12 month low of $22.21 and a 12 month high of $29.85. The stock has a fifty day moving average price of $23.97 and a 200-day moving average price of $24.85. 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 firm has a market cap of $1.38 billion, a PE ratio of -2.64, a P/E/G ratio of 0.55 and a beta of 1.11.

World Kinect (NYSE:WKC) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.75 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $9.69 billion during the quarter, compared to analyst estimates of $9.29 billion. During the same quarter in the prior year, the business posted $0.48 EPS. The business’s revenue for the quarter 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. Equities research analysts predict that World Kinect Corporation will post 2.83 earnings per share for the current fiscal year.

World Kinect Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Monday, March 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, March 30th. World Kinect’s dividend payout ratio is currently -7.84%.

Analyst Ratings Changes

WKC has been the topic of several research reports. Morgan Stanley cut their target price on World Kinect from $27.00 to $25.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 3rd. Zacks Research raised World Kinect from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 25th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $29.00.

Hedge Funds Weigh In On World Kinect

Several hedge funds have recently made changes to their positions in WKC. Millennium Management LLC grew its position in World Kinect by 373.8% during the 3rd quarter. Millennium Management LLC now owns 1,602,996 shares of the company’s stock worth $41,598,000 after purchasing an additional 1,264,684 shares during the period. Brandes Investment Partners LP grew its position in 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. American Century Companies Inc. grew its position in World Kinect by 64.1% during the 3rd quarter. American Century Companies Inc. now owns 1,042,766 shares of the company’s stock worth $27,060,000 after purchasing an additional 407,225 shares during the period. Pacer Advisors Inc. acquired a new stake in World Kinect during the 4th quarter worth about $9,427,000. Finally, Qube Research & Technologies Ltd grew its position in World Kinect by 119.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 702,367 shares of the company’s stock worth $18,226,000 after purchasing an additional 382,340 shares during the period. 97.06% of the stock is owned by institutional investors and hedge funds.

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.