71,221 Shares in World Kinect Corporation $WKC Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in shares of World Kinect Corporation (NYSE:WKC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 71,221 shares of the company’s stock, valued at approximately $2,346,000.

Several other large investors also recently added to or reduced their stakes in WKC. Cassaday & Co Wealth Management LLC purchased a new position in shares of World Kinect during the 1st quarter worth $37,000. Aquatic Capital Management LLC purchased a new stake in shares of World Kinect in the third quarter valued at about $61,000. Clearstead Advisors LLC increased its position in World Kinect by 108.8% during the fourth quarter. Clearstead Advisors LLC now owns 2,633 shares of the company’s stock worth $62,000 after purchasing an additional 1,372 shares during the last quarter. Aster Capital Management DIFC Ltd increased its position in World Kinect by 977.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock worth $62,000 after purchasing an additional 2,386 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in World Kinect during the second quarter worth about $96,000. 97.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at World Kinect

In related news, Chairman Michael J. Kasbar sold 25,000 shares of World Kinect stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $35.04, for a total value of $876,000.00. Following the completion of the sale, the chairman owned 986,450 shares in the company, valued at approximately $34,565,208. This trade represents a 2.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Manley sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $39.88, for a total value of $398,800.00. Following the completion of the sale, the director directly owned 54,116 shares in the company, valued at approximately $2,158,146.08. The trade was a 15.60% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 118,445 shares of company stock worth $4,232,940. 3.80% of the stock is currently owned by insiders.

World Kinect Stock Down 2.7%

Shares of WKC opened at $36.12 on Friday. The firm has a market cap of $1.85 billion, a P/E ratio of -11.25, a price-to-earnings-growth ratio of 0.55 and a beta of 1.17. World Kinect Corporation has a 12-month low of $22.21 and a 12-month high of $41.20. The company’s 50-day moving average price is $34.98 and its 200 day moving average price is $28.96. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 0.58.

World Kinect (NYSE:WKC) last posted its earnings results on Thursday, July 23rd. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.54. The company had revenue of $13.59 billion for the quarter, compared to analysts’ expectations of $10.50 billion. World Kinect had a negative net margin of 0.43% and a positive return on equity of 11.24%. World Kinect’s revenue for the quarter was up 50.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 earnings per share. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. On average, sell-side analysts forecast that World Kinect Corporation will post 3.6 earnings per share for the current year.

World Kinect Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th were paid a $0.23 dividend. This is a positive change from World Kinect’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.5%. World Kinect’s payout ratio is presently -28.66%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WKC shares. Wall Street Zen upgraded shares of World Kinect from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Weiss Ratings downgraded shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. Morgan Stanley set a $30.00 price target on shares of World Kinect in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded World Kinect from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, World Kinect presently has an average rating of “Hold” and a consensus target price of $30.00.

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.