Corient Private Wealth LP Takes Position in World Kinect Corporation $WKC

Corient Private Wealth LP acquired a new stake in World Kinect Corporation (NYSE:WKC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 40,180 shares of the company’s stock, valued at approximately $1,324,000.

A number of other institutional investors have also made changes to their positions in the business. Cassaday & Co Wealth Management LLC bought a new position in shares of World Kinect during the first quarter worth approximately $37,000. Aquatic Capital Management LLC acquired a new position in World Kinect in the 3rd quarter valued at $61,000. Aster Capital Management DIFC Ltd increased its position in World Kinect by 977.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock worth $62,000 after buying an additional 2,386 shares during the period. Clearstead Advisors LLC lifted 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 worth $62,000 after buying an additional 1,372 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of World Kinect in the second quarter valued at about $96,000. 97.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Jose-Miguel Tejada sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $37.16, for a total value of $222,960.00. Following the sale, the executive vice president directly owned 35,676 shares in the company, valued at approximately $1,325,720.16. This trade represents a 14.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul H. Stebbins sold 33,445 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $39.93, for a total transaction of $1,335,458.85. Following the transaction, the director owned 58,878 shares of the company’s stock, valued at approximately $2,350,998.54. This represents a 36.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 123,745 shares of company stock valued at $4,497,400. 3.80% of the stock is owned by corporate insiders.

World Kinect Stock Performance

Shares of NYSE:WKC opened at $35.41 on Friday. World Kinect Corporation has a 1 year low of $22.21 and a 1 year high of $41.20. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of -11.03, a price-to-earnings-growth ratio of 0.54 and a beta of 1.16. 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’s 50 day simple moving average is $36.24 and its 200 day simple moving average is $29.88.

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

World Kinect Increases Dividend

The firm 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. This represents a $0.92 annualized dividend and a yield of 2.6%. This is a boost from World Kinect’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, June 30th. World Kinect’s payout ratio is -28.66%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wall Street Zen lowered shares of World Kinect from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. Weiss Ratings lowered shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. Morgan Stanley set a $30.00 price target on shares of World Kinect in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded 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 given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.00.

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.