World Kinect (NYSE:WKC) Director Sells $398,800.00 in Stock

World Kinect Corporation (NYSE:WKC) Director John Manley sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $39.88, for a total transaction of $398,800.00. Following the sale, the director directly owned 54,116 shares in the company, valued at $2,158,146.08. This trade represents a 15.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

World Kinect Stock Performance

WKC stock opened at $39.82 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.06 and a quick ratio of 0.91. The company has a 50 day moving average price of $33.33 and a 200 day moving average price of $28.25. World Kinect Corporation has a fifty-two week low of $22.21 and a fifty-two week high of $41.20. The stock has a market capitalization of $2.04 billion, a PE ratio of -12.41, a price-to-earnings-growth ratio of 0.61 and a beta of 1.17.

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

World Kinect Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, June 30th were issued a $0.23 dividend. This is a positive change from World Kinect’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, June 30th. World Kinect’s dividend payout ratio (DPR) is -28.66%.

Institutional Investors Weigh In On World Kinect

Institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. bought a new stake in shares of World Kinect in the 4th quarter valued at about $9,427,000. UBS Group AG boosted its stake in World Kinect by 38.1% during the 4th quarter. UBS Group AG now owns 226,440 shares of the company’s stock worth $5,305,000 after acquiring an additional 62,492 shares during the last quarter. Vanguard Group Inc. boosted its stake in World Kinect by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 6,713,507 shares of the company’s stock worth $157,297,000 after acquiring an additional 62,111 shares during the last quarter. GSA Capital Partners LLP grew its holdings in World Kinect by 98.6% during the fourth quarter. GSA Capital Partners LLP now owns 96,774 shares of the company’s stock valued at $2,267,000 after purchasing an additional 48,048 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new position in World Kinect during the fourth quarter valued at approximately $413,000. 97.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WKC has been the subject of a number of research reports. Morgan Stanley set a $30.00 price objective on World Kinect in a research report on Wednesday. Weiss Ratings lowered shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded shares of World Kinect from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Zacks Research raised shares of World Kinect from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, World Kinect currently has a consensus rating of “Hold” and an average target price of $30.00.

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.