Brandes Investment Partners LP Purchases 907,490 Shares of World Kinect Corporation $WKC

Brandes Investment Partners LP increased its position in World Kinect Corporation (NYSE:WKC) by 30.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,845,750 shares of the company’s stock after acquiring an additional 907,490 shares during the quarter. Brandes Investment Partners LP owned 0.07% of World Kinect worth $90,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of WKC. Hantz Financial Services Inc. grew its holdings in shares of World Kinect by 282.7% in the third quarter. Hantz Financial Services Inc. now owns 1,286 shares of the company’s stock worth $33,000 after acquiring an additional 950 shares during the period. Clearstead Advisors LLC raised its position in World Kinect by 52.8% in the third quarter. Clearstead Advisors LLC now owns 1,261 shares of the company’s stock worth $33,000 after acquiring an additional 436 shares during the period. Aquatic Capital Management LLC bought a new position in World Kinect in the third quarter worth approximately $61,000. Raymond James Financial Inc. purchased a new stake in shares of World Kinect in the 2nd quarter worth $96,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of World Kinect by 8.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,397 shares of the company’s stock worth $166,000 after purchasing an additional 503 shares in the last quarter. Institutional investors own 97.06% of the company’s stock.

World Kinect Stock Performance

NYSE WKC opened at $31.18 on Wednesday. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -3.05, a price-to-earnings-growth ratio of 0.62 and a beta of 1.22. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average price of $26.48 and a 200-day moving average price of $25.46. World Kinect Corporation has a twelve month low of $22.21 and a twelve month high of $31.21.

World Kinect (NYSE:WKC) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.44. The firm had revenue of $9.69 billion during 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 business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 earnings per share. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. As a group, equities research analysts predict that World Kinect Corporation will post 2.79 EPS for the current fiscal year.

World Kinect Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Monday, March 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.6%. World Kinect’s dividend payout ratio is -7.84%.

Analyst Ratings Changes

Several research firms have recently commented on WKC. Wall Street Zen upgraded World Kinect from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings raised World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. Morgan Stanley boosted their price target on World Kinect from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Tuesday, May 5th. Finally, Zacks Research lowered World Kinect from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, World Kinect has an average rating of “Reduce” and a consensus price target of $29.50.

Insiders Place Their Bets

In other news, Director Paul H. Stebbins sold 20,828 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $27.69, for a total value of $576,727.32. Following the completion of the transaction, the director owned 40,669 shares of the company’s stock, valued at $1,126,124.61. This represents a 33.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Michael John Kroll sold 2,100 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $27.30, for a total value of $57,330.00. Following the completion of the transaction, the chief accounting officer directly owned 10,390 shares of the company’s stock, valued at approximately $283,647. This trade represents a 16.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 97,928 shares of company stock worth $2,773,265. 3.80% of the stock is currently owned by insiders.

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.