World Kinect (NYSE:WKC) EVP Jose-Miguel Tejada Sells 6,000 Shares

World Kinect Corporation (NYSE:WKC) EVP Jose-Miguel Tejada sold 6,000 shares of World Kinect stock in a transaction on Thursday, August 13th. The stock was 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 of the company’s stock, valued at $1,325,720.16. This represents a 14.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

World Kinect Trading Down 1.2%

WKC stock opened at $35.66 on Tuesday. World Kinect Corporation has a 52 week low of $22.21 and a 52 week high of $41.20. The company has a market capitalization of $1.82 billion, a PE ratio of -11.11, a price-to-earnings-growth ratio of 0.55 and a beta of 1.17. The company’s 50-day simple moving average is $35.09 and its 200 day simple moving average is $29.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.91 and a current ratio of 1.06.

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, beating analysts’ consensus estimates of $0.75 by $0.54. World Kinect had a negative net margin of 0.43% and a positive return on equity of 11.24%. The firm had revenue of $13.59 billion during the quarter, compared to the consensus estimate of $10.50 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. The business’s revenue for the quarter was up 50.3% compared to the same quarter last year. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. As a group, sell-side analysts anticipate that World Kinect Corporation will post 3.6 earnings per share for the current year.

World Kinect Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, June 30th. This is a positive change from World Kinect’s previous quarterly dividend of $0.20. World Kinect’s dividend payout ratio is currently -28.66%.

Analysts Set New Price Targets

WKC has been the subject of a number of analyst reports. Weiss Ratings downgraded World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. Morgan Stanley set a $30.00 target price on shares of World Kinect in a research report on Wednesday, July 29th. Wall Street Zen raised shares of World Kinect from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Finally, Zacks Research upgraded shares of World Kinect from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $30.00.

Hedge Funds Weigh In On World Kinect

Large investors have recently bought and sold shares of the company. Villanova Investment Management Co LLC increased its stake in shares of World Kinect by 0.4% in the fourth quarter. Villanova Investment Management Co LLC now owns 107,302 shares of the company’s stock valued at $2,514,000 after buying an additional 434 shares during the period. Hsbc Holdings PLC raised its holdings in World Kinect by 2.0% in the 1st quarter. Hsbc Holdings PLC now owns 25,390 shares of the company’s stock valued at $586,000 after buying an additional 489 shares during the last quarter. Lido Advisors LLC grew its holdings in World Kinect by 6.1% during the 4th quarter. Lido Advisors LLC now owns 10,504 shares of the company’s stock worth $268,000 after acquiring an additional 608 shares during the last quarter. GF Fund Management CO. LTD. raised its stake in shares of World Kinect by 5.0% during the fourth quarter. GF Fund Management CO. LTD. now owns 16,135 shares of the company’s stock valued at $378,000 after acquiring an additional 771 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in World Kinect by 1.4% in the second quarter. California State Teachers Retirement System now owns 54,354 shares of the company’s stock valued at $1,541,000 after purchasing an additional 775 shares during the period. 97.06% of the stock is currently owned by institutional investors.

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.