LSV Asset Management Buys 198,076 Shares of World Kinect Corporation $WKC

LSV Asset Management increased its stake in shares of World Kinect Corporation (NYSE:WKC) by 11.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,938,804 shares of the company’s stock after purchasing an additional 198,076 shares during the period. LSV Asset Management’s holdings in World Kinect were worth $45,426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WKC. Millennium Management LLC boosted its position in shares of World Kinect by 373.8% during the third quarter. Millennium Management LLC now owns 1,602,996 shares of the company’s stock worth $41,598,000 after acquiring an additional 1,264,684 shares during the last quarter. American Century Companies Inc. boosted its position in shares of 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. Pacer Advisors Inc. bought a new position in shares of World Kinect during the fourth quarter worth $9,427,000. Qube Research & Technologies Ltd lifted its position in World Kinect by 119.5% during the third quarter. Qube Research & Technologies Ltd now owns 702,367 shares of the company’s stock valued at $18,226,000 after purchasing an additional 382,340 shares during the last quarter. Finally, Invesco Ltd. lifted its position in World Kinect by 9.5% during the third quarter. Invesco Ltd. now owns 2,450,762 shares of the company’s stock valued at $63,597,000 after purchasing an additional 213,145 shares during the last quarter. Institutional investors own 97.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on WKC shares. Morgan Stanley increased their price objective on shares of World Kinect from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Tuesday, May 5th. 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. Zacks Research upgraded shares of World Kinect from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Finally, Wall Street Zen upgraded shares of World Kinect from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $29.50.

World Kinect Price Performance

WKC stock opened at $29.50 on Monday. World Kinect Corporation has a 52 week low of $22.21 and a 52 week high of $29.85. 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 fifty day simple moving average of $24.92 and a two-hundred day simple moving average of $25.07. The firm has a market capitalization of $1.51 billion, a P/E ratio of -2.89, a price-to-earnings-growth ratio of 0.60 and a beta of 1.22.

World Kinect (NYSE:WKC) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.31 by $0.44. The business had revenue of $9.69 billion during the quarter, compared to analyst estimates of $9.29 billion. World Kinect had a negative net margin of 1.53% and a positive return on equity of 8.27%. World Kinect’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 earnings per share. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. Analysts anticipate that World Kinect Corporation will post 2.79 earnings per share for the current fiscal year.

World Kinect Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Monday, March 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Monday, March 30th. World Kinect’s dividend payout ratio (DPR) is -7.84%.

Insider Activity

In other news, Director Paul H. Stebbins sold 20,828 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $27.69, for a total value of $576,727.32. Following the completion of the sale, the director owned 40,669 shares in the company, valued at approximately $1,126,124.61. This trade represents a 33.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Michael J. Kasbar sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $27.11, for a total transaction of $271,100.00. Following the completion of the sale, the chairman owned 1,051,950 shares of the company’s stock, valued at $28,518,364.50. This trade represents a 0.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 67,928 shares of company stock worth $1,878,484 over the last 90 days. Insiders own 3.80% of the company’s stock.

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.