GSA Capital Partners LLP Has $2.27 Million Stock Position in World Kinect Corporation $WKC

GSA Capital Partners LLP lifted its stake in World Kinect Corporation (NYSE:WKC) by 98.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 96,774 shares of the company’s stock after buying an additional 48,048 shares during the period. GSA Capital Partners LLP’s holdings in World Kinect were worth $2,267,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of World Kinect by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 6,713,507 shares of the company’s stock valued at $157,297,000 after acquiring an additional 62,111 shares during the last quarter. Invesco Ltd. increased its position in shares of World Kinect by 9.5% in the third quarter. Invesco Ltd. now owns 2,450,762 shares of the company’s stock valued at $63,597,000 after acquiring an additional 213,145 shares during the last quarter. LSV Asset Management increased its position in shares of World Kinect by 6.3% in the third quarter. LSV Asset Management now owns 1,740,728 shares of the company’s stock valued at $45,172,000 after acquiring an additional 103,489 shares during the last quarter. Millennium Management LLC increased its position in shares of 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 acquiring an additional 1,264,684 shares during the last quarter. Finally, Boston Partners increased its position in World Kinect by 5.1% during the third quarter. Boston Partners now owns 1,568,452 shares of the company’s stock worth $40,637,000 after buying an additional 76,138 shares during the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.

Insider Transactions at World Kinect

In other news, CAO Michael John Kroll sold 2,100 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was 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 owned 10,390 shares in the company, valued at $283,647. The trade was a 16.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard A. Kassar sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $26.97, for a total value of $269,700.00. Following the sale, the director owned 53,812 shares of the company’s stock, valued at approximately $1,451,309.64. This represents a 15.67% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 67,928 shares of company stock worth $1,878,484. Insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Weiss Ratings raised World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. Morgan Stanley boosted their price target on World Kinect from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 5th. Zacks Research raised World Kinect from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Finally, Wall Street Zen raised World Kinect from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One research 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $29.50.

World Kinect Price Performance

Shares of NYSE WKC opened at $29.13 on Tuesday. The business’s 50 day moving average price is $24.50 and its two-hundred day moving average price is $24.98. The company has a market cap of $1.50 billion, a PE ratio of -2.85, a price-to-earnings-growth ratio of 0.58 and a beta of 1.22. 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 twelve month low of $22.21 and a twelve month high of $29.85.

World Kinect (NYSE:WKC) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $9.69 billion during the quarter, compared to analysts’ expectations of $9.29 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. 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. On average, analysts predict that World Kinect Corporation will post 2.79 EPS for the current year.

World Kinect Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, March 30th. World Kinect’s payout ratio is currently -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.