Intech Investment Management LLC Sells 32,244 Shares of World Kinect Corporation $WKC

Intech Investment Management LLC lowered its holdings in shares of World Kinect Corporation (NYSE:WKC) by 56.2% in the fourth quarter, HoldingsChannel reports. The firm owned 25,156 shares of the company’s stock after selling 32,244 shares during the period. Intech Investment Management LLC’s holdings in World Kinect were worth $589,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Numerai GP LLC bought a new position in World Kinect during the third quarter worth about $2,557,000. American Century Companies Inc. lifted its position in World Kinect by 64.1% during the third quarter. American Century Companies Inc. now owns 1,042,766 shares of the company’s stock worth $27,060,000 after acquiring an additional 407,225 shares during the last quarter. LSV Asset Management lifted its position in World Kinect by 6.3% during the third quarter. LSV Asset Management now owns 1,740,728 shares of the company’s stock worth $45,172,000 after acquiring an additional 103,489 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in World Kinect during the fourth quarter worth approximately $413,000. Finally, GSA Capital Partners LLP lifted its position in World Kinect by 98.6% during the fourth quarter. GSA Capital Partners LLP now owns 96,774 shares of the company’s stock worth $2,267,000 after acquiring an additional 48,048 shares during the last quarter. Institutional investors own 97.06% of the company’s stock.

Insider Buying and Selling at World Kinect

In other news, Director Richard A. Kassar sold 10,000 shares of World Kinect stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $26.97, for a total value of $269,700.00. Following the completion of the sale, the director directly owned 53,812 shares in the company, valued at approximately $1,451,309.64. The trade was a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Michael J. Kasbar sold 19,300 shares of World Kinect stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $30.17, for a total transaction of $582,281.00. Following the completion of the sale, the chairman owned 1,021,450 shares of the company’s stock, valued at approximately $30,817,146.50. The trade was a 1.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 97,928 shares of company stock valued at $2,773,265 in the last three months. Corporate insiders own 3.80% of the company’s stock.

World Kinect Trading Up 3.4%

Shares of WKC stock opened at $31.18 on Wednesday. The firm has a 50 day moving average price of $26.48 and a two-hundred day moving average price of $25.46. 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 company has a market capitalization of $1.60 billion, a PE ratio of -3.05, a price-to-earnings-growth ratio of 0.62 and a beta of 1.22. World Kinect Corporation has a 12-month low of $22.21 and a 12-month high of $31.21.

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

World Kinect Announces Dividend

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

Analyst Ratings Changes

WKC has been the subject of several research reports. Zacks Research downgraded shares of World Kinect from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings upgraded shares of World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Wall Street Zen upgraded shares of World Kinect from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Morgan Stanley raised their price objective on shares of World Kinect from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $29.50.

About World Kinect

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.