World Kinect (NYSE:WKC) Chairman Sells $582,281.00 in Stock

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 19,300 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $30.17, for a total value of $582,281.00. Following the transaction, the chairman owned 1,021,450 shares of the company’s stock, valued at $30,817,146.50. This represents a 1.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

World Kinect Trading Down 0.1%

NYSE:WKC opened at $31.41 on Friday. World Kinect Corporation has a 12-month low of $22.21 and a 12-month high of $31.89. The firm has a market capitalization of $1.61 billion, a P/E ratio of -3.08, a P/E/G ratio of 0.64 and a beta of 1.22. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 0.87. The business has a 50 day simple moving average of $26.81 and a 200 day simple moving average of $25.57.

World Kinect (NYSE:WKC) last released its quarterly earnings data 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. World Kinect had a positive return on equity of 8.27% and a negative net margin of 1.53%.The business had revenue of $9.69 billion during the quarter, compared to analyst estimates of $9.29 billion. During the same quarter in the previous year, the firm posted $0.48 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. Equities research analysts predict that World Kinect Corporation will post 2.79 EPS for the current year.

World Kinect Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Monday, March 30th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.5%. World Kinect’s payout ratio is currently -7.84%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Edgestream Partners L.P. boosted its position in World Kinect by 2.9% during the 1st quarter. Edgestream Partners L.P. now owns 120,060 shares of the company’s stock worth $2,770,000 after acquiring an additional 3,398 shares during the period. Amundi raised its stake in shares of World Kinect by 87.4% in the 1st quarter. Amundi now owns 24,394 shares of the company’s stock worth $563,000 after buying an additional 11,378 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of World Kinect by 36.2% in the 1st quarter. California State Teachers Retirement System now owns 73,864 shares of the company’s stock worth $1,704,000 after buying an additional 19,622 shares in the last quarter. Royal Bank of Canada raised its stake in shares of World Kinect by 30.4% in the 1st quarter. Royal Bank of Canada now owns 328,662 shares of the company’s stock worth $7,583,000 after buying an additional 76,657 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of World Kinect by 51.2% in the 1st quarter. Quantinno Capital Management LP now owns 70,506 shares of the company’s stock worth $1,627,000 after buying an additional 23,889 shares in the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.

Analysts Set New Price Targets

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

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.