Pacer Advisors Inc. Invests $9.43 Million in World Kinect Corporation $WKC

Pacer Advisors Inc. purchased a new position in World Kinect Corporation (NYSE:WKC) during the fourth quarter, Holdings Channel reports. The firm purchased 402,352 shares of the company’s stock, valued at approximately $9,427,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of WKC. Vanguard Group Inc. lifted its position in World Kinect by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,713,507 shares of the company’s stock worth $157,297,000 after purchasing an additional 62,111 shares during the period. Brandes Investment Partners LP grew its stake in World Kinect by 30.9% during the fourth quarter. Brandes Investment Partners LP now owns 3,845,750 shares of the company’s stock worth $90,106,000 after buying an additional 907,490 shares in the last quarter. Invesco Ltd. increased its holdings in World Kinect by 9.5% in the 3rd quarter. Invesco Ltd. now owns 2,450,762 shares of the company’s stock valued at $63,597,000 after buying an additional 213,145 shares during the period. LSV Asset Management raised its position in shares of World Kinect by 11.4% in the 4th quarter. LSV Asset Management now owns 1,938,804 shares of the company’s stock valued at $45,426,000 after buying an additional 198,076 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of World Kinect by 373.8% in the 3rd quarter. Millennium Management LLC now owns 1,602,996 shares of the company’s stock valued at $41,598,000 after buying an additional 1,264,684 shares in the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.

World Kinect Trading Down 0.2%

NYSE WKC opened at $31.04 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. World Kinect Corporation has a twelve month low of $22.21 and a twelve month high of $32.24. The company has a market cap of $1.59 billion, a price-to-earnings ratio of -3.04, a price-to-earnings-growth ratio of 0.64 and a beta of 1.23. The business’s fifty day moving average is $27.75 and its 200 day moving average is $25.90.

World Kinect (NYSE:WKC) last issued its earnings results on Thursday, April 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.44. The business had revenue of $9.69 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 EPS. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. As a group, sell-side analysts expect that World Kinect Corporation will post 2.79 EPS for the current fiscal year.

World Kinect Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.0%. This is an increase from World Kinect’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, June 30th. World Kinect’s dividend payout ratio (DPR) is presently -7.84%.

Insider Transactions at World Kinect

In related news, Chairman Michael J. Kasbar sold 23,653 shares of World Kinect stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $28.18, for a total transaction of $666,541.54. Following the sale, the chairman directly owned 1,062,797 shares in the company, valued at $29,949,619.46. This trade represents a 2.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard A. Kassar sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $26.97, for a total transaction of $269,700.00. Following the sale, the director directly owned 53,812 shares in the company, valued at $1,451,309.64. The trade was a 15.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 97,928 shares of company stock worth $2,773,265. 3.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WKC. 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. Zacks Research cut World Kinect from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Finally, Morgan Stanley raised their target price on World Kinect from $25.00 to $26.00 and gave the company an “underweight” rating in a 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target 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.