World Kinect (NYSE:WKC) Chairman Sells 25,000 Shares of Stock

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 25,000 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $35.04, for a total value of $876,000.00. Following the sale, the chairman owned 986,450 shares in the company, valued at $34,565,208. The trade was a 2.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

World Kinect Price Performance

WKC stock traded up $0.49 during mid-day trading on Tuesday, hitting $36.44. 951,097 shares of the stock were exchanged, compared to its average volume of 901,575. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 0.87. The business has a fifty day moving average price of $30.57 and a 200 day moving average price of $26.96. World Kinect Corporation has a 12 month low of $22.21 and a 12 month high of $36.89. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of -3.57, a PEG ratio of 0.72 and a beta of 1.19.

World Kinect (NYSE:WKC) last announced 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. The firm had revenue of $9.69 billion for the quarter, compared to analyst estimates of $9.29 billion. World Kinect had a positive return on equity of 8.27% and a negative net margin of 1.53%.The company’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 EPS. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. On average, sell-side analysts anticipate that World Kinect Corporation will post 2.79 EPS for the current year.

World Kinect Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th will be paid 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 yield of 2.5%. The ex-dividend date of this dividend is Tuesday, June 30th. World Kinect’s payout ratio is currently -9.01%.

Institutional Investors Weigh In On World Kinect

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cassaday & Co Wealth Management LLC bought a new stake in shares of World Kinect in the 1st quarter worth approximately $37,000. Aquatic Capital Management LLC bought a new position in shares of World Kinect during the third quarter valued at approximately $61,000. Clearstead Advisors LLC raised its holdings in shares of World Kinect by 108.8% during the fourth quarter. Clearstead Advisors LLC now owns 2,633 shares of the company’s stock valued at $62,000 after acquiring an additional 1,372 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its stake in World Kinect by 977.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock worth $62,000 after acquiring an additional 2,386 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in World Kinect in the second quarter worth $96,000. Hedge funds and other institutional investors own 97.06% of the company’s stock.

Wall Street Analysts Forecast Growth

WKC has been the topic of several research reports. Wall Street Zen raised shares of World Kinect from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research lowered shares of World Kinect from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Morgan Stanley lifted their target price on shares of World Kinect from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings raised shares of World Kinect from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, World Kinect 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.