WINTON GROUP Ltd Sells 58,876 Shares of World Kinect Corporation $WKC

WINTON GROUP Ltd lessened its holdings in shares of World Kinect Corporation (NYSE:WKC) by 57.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 43,800 shares of the company’s stock after selling 58,876 shares during the quarter. WINTON GROUP Ltd’s holdings in World Kinect were worth $1,443,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of WKC. Cassaday & Co Wealth Management LLC purchased a new stake in shares of World Kinect in the first quarter worth approximately $37,000. IFP Advisors Inc boosted its holdings in World Kinect by 858.9% during the 2nd quarter. IFP Advisors Inc now owns 1,774 shares of the company’s stock valued at $58,000 after acquiring an additional 1,589 shares during the period. Aquatic Capital Management LLC bought a new position in World Kinect in the 3rd quarter valued at $61,000. Clearstead Advisors LLC grew its position in World Kinect by 108.8% in the 4th quarter. Clearstead Advisors LLC now owns 2,633 shares of the company’s stock valued at $62,000 after acquiring an additional 1,372 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd grew its position in World Kinect by 977.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock valued at $62,000 after acquiring an additional 2,386 shares during the last quarter. Institutional investors own 97.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on WKC shares. Wall Street Zen downgraded World Kinect from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. Zacks Research upgraded shares of World Kinect from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Weiss Ratings lowered shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. Finally, Morgan Stanley set a $30.00 price objective on shares of World Kinect in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.00.

World Kinect Trading Down 0.7%

Shares of NYSE WKC opened at $35.10 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.06 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $36.44 and a two-hundred day simple moving average of $30.20. The firm has a market cap of $1.80 billion, a PE ratio of -10.93, a price-to-earnings-growth ratio of 0.54 and a beta of 1.16. World Kinect Corporation has a twelve month low of $22.21 and a twelve month high of $41.20.

World Kinect (NYSE:WKC) last issued its earnings results on Thursday, July 23rd. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.54. World Kinect had a positive return on equity of 11.24% and a negative net margin of 0.43%.The business had revenue of $13.59 billion during the quarter, compared to analysts’ expectations of $10.50 billion. During the same period in the prior year, the business earned $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. Analysts expect that World Kinect Corporation will post 3.6 earnings per share for the current fiscal year.

World Kinect Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, June 30th were issued a $0.23 dividend. The ex-dividend date was Tuesday, June 30th. This is an increase from World Kinect’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a dividend yield of 2.6%. World Kinect’s dividend payout ratio is presently -28.66%.

Insider Buying and Selling at World Kinect

In related news, Chairman Michael Kasbar sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $35.40, for a total value of $354,000.00. Following the completion of the sale, the chairman directly owned 966,450 shares of the company’s stock, valued at $34,212,330. This represents a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Stebbins sold 33,445 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $39.93, for a total transaction of $1,335,458.85. Following the transaction, the director owned 58,878 shares in the company, valued at approximately $2,350,998.54. The trade was a 36.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 104,445 shares of company stock valued at $3,915,119 in the last ninety days. 3.80% of the stock is owned by insiders.

World Kinect Company Profile

World Kinect Corporation (NYSE: WKC) is an energy management company that provides fuel, energy and related services to customers in the aviation, marine and land transportation industries. Its offerings include the sourcing, marketing, distribution and delivery of conventional and alternative fuels, as well as energy procurement and risk-management solutions.

The company serves commercial airlines, business and general aviation operators, shipping companies, trucking and transportation businesses, government entities, utilities and other commercial customers.