Insider Selling: World Kinect (NYSE:WKC) Chairman Sells $291,500.00 in Stock

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $29.15, for a total value of $291,500.00. Following the completion of the transaction, the chairman directly owned 1,041,450 shares of the company’s stock, valued at approximately $30,358,267.50. This trade represents a 0.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

World Kinect Price Performance

Shares of NYSE:WKC opened at $29.84 on Friday. World Kinect Corporation has a fifty-two week low of $22.21 and a fifty-two week high of $30.02. The business has a 50-day simple moving average of $26.19 and a two-hundred day simple moving average of $25.35. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.87 and a current ratio of 1.05. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of -2.92, a price-to-earnings-growth ratio of 0.61 and a beta of 1.22.

World Kinect (NYSE:WKC) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.44. The business had revenue of $9.69 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $0.48 EPS. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. On average, analysts expect that World Kinect Corporation will post 2.79 earnings per share for the current year.

World Kinect Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Monday, March 30th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, March 30th. World Kinect’s payout ratio is currently -7.84%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on WKC shares. Wall Street Zen upgraded World Kinect from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research downgraded World Kinect from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Morgan Stanley boosted their price target on World Kinect from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings upgraded World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 14th. One 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. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $29.50.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WKC. Royal Bank of Canada grew its stake in shares of World Kinect by 2.2% during the 1st quarter. Royal Bank of Canada now owns 68,228 shares of the company’s stock valued at $1,934,000 after acquiring an additional 1,481 shares during the period. AQR Capital Management LLC grew its stake in shares of World Kinect by 16.5% during the 1st quarter. AQR Capital Management LLC now owns 119,198 shares of the company’s stock valued at $3,380,000 after acquiring an additional 16,874 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of World Kinect by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,972 shares of the company’s stock valued at $963,000 after acquiring an additional 1,497 shares during the period. Millennium Management LLC grew its stake in shares of World Kinect by 3.3% during the 1st quarter. Millennium Management LLC now owns 525,697 shares of the company’s stock valued at $14,909,000 after acquiring an additional 16,738 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of World Kinect by 18.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,791 shares of the company’s stock valued at $6,262,000 after acquiring an additional 34,807 shares during the period. 97.06% of the stock is currently owned by institutional investors.

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.