Numerai GP LLC Makes New $2.56 Million Investment in World Kinect Corporation $WKC

Numerai GP LLC bought a new stake in shares of World Kinect Corporation (NYSE:WKC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 98,533 shares of the company’s stock, valued at approximately $2,557,000.

A number of other large investors have also recently made changes to their positions in WKC. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in World Kinect by 47.1% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 121,463 shares of the company’s stock worth $3,152,000 after purchasing an additional 38,888 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in World Kinect by 42.3% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 156,011 shares of the company’s stock valued at $4,048,000 after buying an additional 46,390 shares during the last quarter. Prudential Financial Inc. raised its stake in World Kinect by 7.9% during the 2nd quarter. Prudential Financial Inc. now owns 313,239 shares of the company’s stock valued at $8,880,000 after buying an additional 22,865 shares during the last quarter. LSV Asset Management lifted its holdings in shares of World Kinect by 6.3% during the 3rd quarter. LSV Asset Management now owns 1,740,728 shares of the company’s stock valued at $45,172,000 after buying an additional 103,489 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of World Kinect by 64.1% in the 3rd quarter. American Century Companies Inc. now owns 1,042,766 shares of the company’s stock worth $27,060,000 after buying an additional 407,225 shares during the last quarter. 97.06% of the stock is currently owned by institutional investors.

World Kinect Stock Performance

NYSE WKC opened at $22.60 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. World Kinect Corporation has a twelve month low of $22.57 and a twelve month high of $29.85. The business has a 50-day moving average price of $26.01 and a 200-day moving average price of $25.37. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -2.04, a price-to-earnings-growth ratio of 0.60 and a beta of 1.14.

World Kinect (NYSE:WKC) last issued its earnings results on Thursday, February 19th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.17). World Kinect had a negative net margin of 1.66% and a positive return on equity of 6.62%. The business had revenue of $9.03 billion for the quarter, compared to the consensus estimate of $9.41 billion. During the same period last year, the business posted $0.62 EPS. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. World Kinect has set its FY 2026 guidance at 2.200-2.400 EPS. As a group, equities research analysts predict that World Kinect Corporation will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on WKC. Morgan Stanley reduced their price objective on World Kinect from $27.00 to $25.00 and set an “underweight” rating for the company in a research report on Tuesday, March 3rd. Weiss Ratings restated a “sell (d)” rating on shares of World Kinect in a research note on Monday, December 29th. Finally, Zacks Research lowered shares of World Kinect from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Buy rating and four have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Strong Sell” and an average price target of $28.00.

About World Kinect

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.