Jose-Miguel Tejada Sells 6,000 Shares of World Kinect (NYSE:WKC) Stock

World Kinect Corporation (NYSE:WKC) EVP Jose-Miguel Tejada sold 6,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $37.16, for a total value of $222,960.00. Following the completion of the sale, the executive vice president directly owned 35,676 shares in the company, valued at $1,325,720.16. This trade represents a 14.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

World Kinect Stock Performance

World Kinect stock opened at $36.10 on Wednesday. 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 stock has a market cap of $1.85 billion, a PE ratio of -11.25, a P/E/G 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 business’s 50-day moving average price is $35.19 and its two-hundred day moving average price is $29.12.

World Kinect (NYSE:WKC) last posted its earnings results on Thursday, July 23rd. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.54. World Kinect had a negative net margin of 0.43% and a positive return on equity of 11.24%. The firm had revenue of $13.59 billion during the quarter, compared to analysts’ expectations of $10.50 billion. During the same quarter in the prior year, the business earned $0.59 earnings per share. 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. As a group, analysts expect that World Kinect Corporation will post 3.6 earnings per share for the current fiscal year.

World Kinect Increases Dividend

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

Analyst Upgrades and Downgrades

WKC has been the topic of a number of research reports. Morgan Stanley set a $30.00 target price on shares of World Kinect in a research note on Wednesday, July 29th. Zacks Research raised World Kinect from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Weiss Ratings lowered World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen raised World Kinect from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, World Kinect has a consensus rating of “Hold” and a consensus price target of $30.00.

Hedge Funds Weigh In On World Kinect

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC bought a new position in shares of World Kinect during the second quarter valued at $7,867,000. Public Employees Retirement System of Ohio bought a new stake in shares of World Kinect in the second quarter worth $1,336,000. Transamerica Financial Advisors LLC acquired a new stake in World Kinect in the second quarter valued at $73,000. Corient Private Wealth LP acquired a new stake in World Kinect in the second quarter valued at $1,324,000. Finally, Man Group plc bought a new position in World Kinect during the 2nd quarter worth $10,379,000. 97.06% of the stock is currently owned by institutional investors and hedge funds.

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.