Insider Selling: World Kinect (NYSE:WKC) Chairman Sells $271,100.00 in Stock

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 10,000 shares of World Kinect 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 completion of the transaction, the chairman directly owned 1,051,950 shares in the company, valued at $28,518,364.50. This represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

World Kinect Price Performance

NYSE WKC opened at $27.07 on Friday. The firm’s fifty day simple moving average is $24.09 and its two-hundred day simple moving average is $24.89. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.65. World Kinect Corporation has a 12-month low of $22.21 and a 12-month high of $29.85. The firm has a market capitalization of $1.39 billion, a P/E ratio of -2.65, a P/E/G ratio of 0.55 and a beta of 1.22.

World Kinect (NYSE:WKC) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $9.69 billion for the quarter, compared to analyst estimates of $9.29 billion. During the same period in the previous year, the company earned $0.48 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. Analysts forecast that World Kinect Corporation will post 2.79 EPS for the current fiscal year.

World Kinect Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Zacks Research raised shares of World Kinect from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. 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 report on Tuesday. Finally, Wall Street Zen raised shares of World Kinect from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, World Kinect currently has an average rating of “Hold” and an average price target of $29.50.

Institutional Investors Weigh In On World Kinect

A number of large investors have recently made changes to their positions in WKC. Hantz Financial Services Inc. grew its holdings in shares of World Kinect by 282.7% during the third quarter. Hantz Financial Services Inc. now owns 1,286 shares of the company’s stock valued at $33,000 after buying an additional 950 shares during the last quarter. Clearstead Advisors LLC grew its holdings in shares of World Kinect by 52.8% during the third quarter. Clearstead Advisors LLC now owns 1,261 shares of the company’s stock valued at $33,000 after buying an additional 436 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of World Kinect during the first quarter valued at $37,000. Versant Capital Management Inc grew its holdings in shares of World Kinect by 369.3% during the third quarter. Versant Capital Management Inc now owns 2,112 shares of the company’s stock valued at $55,000 after buying an additional 1,662 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of World Kinect during the third quarter valued at $61,000. 97.06% of the stock is owned by hedge funds and other institutional investors.

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.