Pacer Advisors Inc. Purchases Shares of 402,352 World Kinect Corporation $WKC

Pacer Advisors Inc. purchased a new stake in World Kinect Corporation (NYSE:WKC) in the 4th quarter, Holdings Channel.com reports. The fund purchased 402,352 shares of the company’s stock, valued at approximately $9,427,000.

Several other institutional investors also recently bought and sold shares of WKC. Vanguard Group Inc. grew its stake in shares of World Kinect by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 6,713,507 shares of the company’s stock valued at $157,297,000 after buying an additional 62,111 shares during the period. Invesco Ltd. grew its stake in shares of World Kinect by 9.5% during the 3rd quarter. Invesco Ltd. now owns 2,450,762 shares of the company’s stock valued at $63,597,000 after buying an additional 213,145 shares during the period. LSV Asset Management grew its stake in shares of World Kinect by 6.3% during the 3rd quarter. LSV Asset Management now owns 1,740,728 shares of the company’s stock valued at $45,172,000 after buying an additional 103,489 shares during the period. Millennium Management LLC grew its stake in shares of World Kinect by 373.8% during the 3rd 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. Finally, Boston Partners grew its stake in shares of World Kinect by 5.1% during the 3rd quarter. Boston Partners now owns 1,568,452 shares of the company’s stock valued at $40,637,000 after buying an additional 76,138 shares during the period. 97.06% of the stock is currently owned by institutional investors and hedge funds.

World Kinect Stock Up 0.1%

Shares of NYSE WKC opened at $27.42 on Thursday. The firm has a fifty day moving average of $24.26 and a 200-day moving average of $24.94. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. World Kinect Corporation has a 52-week low of $22.21 and a 52-week high of $29.85. The stock has a market capitalization of $1.41 billion, a PE ratio of -2.69, a P/E/G ratio of 0.56 and a beta of 1.22.

World Kinect (NYSE:WKC) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.75 earnings per share for the quarter, topping 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 analysts’ expectations of $9.29 billion. During the same period in the prior year, the company earned $0.48 EPS. The firm’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. On average, analysts anticipate that World Kinect Corporation will post 2.79 EPS for the current year.

World Kinect Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Monday, March 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, March 30th. World Kinect’s dividend payout ratio is -7.84%.

Insider Buying and Selling at World Kinect

In related news, CAO Michael John Kroll sold 2,100 shares of the company’s 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 represents a 16.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Michael J. Kasbar sold 10,000 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $27.11, for a total transaction of $271,100.00. Following the sale, the chairman directly owned 1,051,950 shares of the company’s stock, valued at approximately $28,518,364.50. This trade represents a 0.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 67,928 shares of company stock valued at $1,878,484 in the last quarter. Company insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on WKC shares. Morgan Stanley boosted their price objective on shares of World Kinect from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Tuesday, May 5th. Zacks Research raised shares of World Kinect from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Finally, Wall Street Zen raised shares of World Kinect from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $29.50.

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.