Sanctuary Advisors LLC Acquires New Holdings in World Kinect Corporation $WKC

Sanctuary Advisors LLC bought a new stake in World Kinect Corporation (NYSE:WKC) in the second quarter, Holdings Channel reports. The fund bought 40,516 shares of the company’s stock, valued at approximately $1,335,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of World Kinect in the second quarter valued at approximately $2,798,000. Quantbot Technologies LP bought a new position in World Kinect during the 2nd quarter valued at $3,039,000. Ieq Capital LLC bought a new position in World Kinect during the 2nd quarter valued at $5,317,000. Allworth Financial LP acquired a new position in shares of World Kinect during the 2nd quarter valued at $167,000. Finally, Alpine Woods Capital Investors LLC bought a new stake in shares of World Kinect in the 2nd quarter worth $232,000. 97.06% of the stock is currently owned by institutional investors.

World Kinect Price Performance

NYSE WKC opened at $35.81 on Friday. The stock’s 50-day moving average price is $35.83 and its two-hundred day moving average price is $29.55. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 0.58. The company has a market cap of $1.83 billion, a PE ratio of -11.16, a PEG ratio of 0.55 and a beta of 1.17. World Kinect Corporation has a 1 year low of $22.21 and a 1 year high of $41.20.

World Kinect (NYSE:WKC) last announced its earnings results on Thursday, July 23rd. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $0.75 by $0.54. The company had revenue of $13.59 billion during the quarter, compared to analysts’ expectations of $10.50 billion. World Kinect had a negative net margin of 0.43% and a positive return on equity of 11.24%. The business’s revenue for the quarter was up 50.3% on a year-over-year basis. During the same period last year, the company posted $0.59 earnings per share. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. On average, analysts predict that World Kinect Corporation will post 3.6 EPS for the current year.

World Kinect Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, June 30th were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 2.6%. This is a positive change from World Kinect’s previous quarterly dividend of $0.20. World Kinect’s dividend payout ratio (DPR) is -28.66%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WKC. Morgan Stanley set a $30.00 price objective on World Kinect in a report on Wednesday, July 29th. Wall Street Zen raised shares of World Kinect from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Zacks Research upgraded shares of World Kinect from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. Finally, 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. One analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, World Kinect currently has an average rating of “Hold” and an average target price of $30.00.

Insider Activity

In other news, EVP Jose-Miguel Tejada sold 6,000 shares of World Kinect stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $37.16, for a total transaction of $222,960.00. Following the transaction, the executive vice president owned 35,676 shares in the company, valued at approximately $1,325,720.16. The trade was a 14.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul H. Stebbins sold 33,445 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $39.93, for a total value of $1,335,458.85. Following the transaction, the director directly owned 58,878 shares in the company, valued at $2,350,998.54. The trade was a 36.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 124,445 shares of company stock valued at $4,455,900. 3.80% of the stock is currently owned by company insiders.

World Kinect 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.