Mitsubishi UFJ Trust & Banking Corp Sells 25,727 Shares of World Kinect Corporation $WKC

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of World Kinect Corporation (NYSE:WKC) by 21.2% in the fourth quarter, HoldingsChannel reports. The firm owned 95,736 shares of the company’s stock after selling 25,727 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in World Kinect were worth $2,243,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of WKC. Royal Bank of Canada raised its position in 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 purchasing an additional 1,481 shares during the last quarter. AQR Capital Management LLC raised its position in 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 purchasing an additional 16,874 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in 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 purchasing an additional 1,497 shares during the last quarter. Millennium Management LLC raised its position in 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 purchasing an additional 16,738 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in 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 purchasing an additional 34,807 shares during the last quarter. Institutional investors own 97.06% of the company’s stock.

Insider Activity

In other 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 completion of the transaction, the chairman directly owned 1,062,797 shares in the company, valued at approximately $29,949,619.46. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on WKC shares. Wall Street Zen upgraded shares of World Kinect from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley lowered their price objective on shares of World Kinect from $27.00 to $25.00 and set an “underweight” rating for the company in a report on Tuesday, March 3rd. Finally, Zacks Research upgraded shares of World Kinect from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 25th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $29.00.

World Kinect Price Performance

WKC stock opened at $27.43 on Tuesday. The firm has a 50 day moving average price of $23.97 and a 200-day moving average price of $24.84. World Kinect Corporation has a 52-week low of $22.21 and a 52-week high of $29.85. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -2.69, a PEG ratio of 0.55 and a beta of 1.22. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.87 and a current ratio of 1.05.

World Kinect (NYSE:WKC) last released its earnings results on Thursday, April 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.44. World Kinect had a negative net margin of 1.53% and a positive return on equity of 8.27%. The firm had revenue of $9.69 billion during the quarter, compared to analyst estimates of $9.29 billion. During the same period last year, the business earned $0.48 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. Equities research analysts forecast that World Kinect Corporation will post 2.83 EPS for the current fiscal year.

World Kinect Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Monday, March 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, March 30th. World Kinect’s dividend payout ratio (DPR) is presently -7.84%.

World Kinect 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.