World Kinect (NYSE:WKC) Chairman Michael Kasbar Sells 10,000 Shares of Stock

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $33.38, for a total transaction of $333,800.00. Following the completion of the sale, the chairman owned 1,011,450 shares of the company’s stock, valued at $33,762,201. This trade represents a 0.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

World Kinect Stock Performance

World Kinect stock opened at $33.18 on Wednesday. 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 firm has a market capitalization of $1.70 billion, a P/E ratio of -3.25, a price-to-earnings-growth ratio of 0.68 and a beta of 1.19. World Kinect Corporation has a 1-year low of $22.21 and a 1-year high of $33.95. The company’s 50-day moving average is $29.93 and its 200 day moving average is $26.64.

World Kinect (NYSE:WKC) last announced 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 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 business earned $0.48 earnings per share. The company’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. Research analysts forecast that World Kinect Corporation will post 2.79 EPS for the current year.

World Kinect Increases Dividend

The business 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 $0.23 dividend. The ex-dividend date is Tuesday, June 30th. This is a boost from World Kinect’s previous quarterly dividend of $0.20. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.8%. World Kinect’s dividend payout ratio (DPR) is currently -9.01%.

Institutional Trading of World Kinect

A number of hedge funds have recently bought and sold shares of the stock. Cassaday & Co Wealth Management LLC purchased a new position in shares of World Kinect in the 1st quarter valued at $37,000. Aquatic Capital Management LLC bought a new stake in World Kinect during the third quarter valued at about $61,000. Clearstead Advisors LLC grew its stake in World Kinect by 108.8% in the fourth quarter. Clearstead Advisors LLC now owns 2,633 shares of the company’s stock valued at $62,000 after purchasing an additional 1,372 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its position in shares of World Kinect by 977.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock valued at $62,000 after buying an additional 2,386 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of World Kinect during the second quarter valued at about $96,000. Hedge funds and other institutional investors own 97.06% of the company’s stock.

Wall Street Analyst Weigh In

WKC has been the topic of a number of research reports. Zacks Research lowered shares of World Kinect from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings raised World Kinect from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 29th. Wall Street Zen upgraded World Kinect from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Morgan Stanley lifted their target price on World Kinect from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, World Kinect currently has an average rating of “Hold” and a consensus 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.