World Kinect (NYSE:WKC) Stock: Insider Jorge Benitez Sells 5,000 Shares

World Kinect Corporation (NYSE:WKC) Director Jorge Benitez sold 5,000 shares of World Kinect stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $37.98, for a total transaction of $189,900.00. Following the transaction, the director directly owned 63,924 shares in the company, valued at $2,427,833.52. This trade represents a 7.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

World Kinect Price Performance

WKC stock opened at $35.63 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.87 and a current ratio of 1.04. World Kinect Corporation has a 52 week low of $22.21 and a 52 week high of $41.20. The firm’s fifty day moving average is $36.08 and its 200 day moving average is $31.02. The firm has a market cap of $1.82 billion, a P/E ratio of -12.00, a P/E/G ratio of 0.55 and a beta of 1.29.

World Kinect (NYSE:WKC) last issued its earnings results on Thursday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. World Kinect had a negative net margin of 0.37% and a positive return on equity of 13.63%. The company had revenue of $13.27 billion for the quarter, compared to analysts’ expectations of $12.34 billion. During the same quarter last year, the company earned $0.54 EPS. The firm’s revenue was up 41.3% compared to the same quarter last year. Research analysts predict that World Kinect Corporation will post 3.58 earnings per share for the current year.

World Kinect Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, September 28th were given a $0.23 dividend. The ex-dividend date was Monday, September 28th. This represents a $0.92 annualized dividend and a yield of 2.6%. World Kinect’s payout ratio is presently -30.98%.

Institutional Investors Weigh In On World Kinect

Hedge funds have recently made changes to their positions in the company. Brighton Jones LLC boosted its position in World Kinect by 2.5% in the 3rd quarter. Brighton Jones LLC now owns 12,918 shares of the company’s stock valued at $454,000 after buying an additional 320 shares during the period. NorthCrest Asset Manangement LLC increased its position in shares of World Kinect by 5.3% during the third quarter. NorthCrest Asset Manangement LLC now owns 6,378 shares of the company’s stock worth $238,000 after acquiring an additional 323 shares during the period. GAMMA Investing LLC increased its position in shares of World Kinect by 8.4% during the third quarter. GAMMA Investing LLC now owns 6,036 shares of the company’s stock worth $212,000 after acquiring an additional 468 shares during the period. Hsbc Holdings PLC raised its stake in shares of World Kinect by 2.0% during the first quarter. Hsbc Holdings PLC now owns 25,390 shares of the company’s stock valued at $586,000 after acquiring an additional 489 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its stake in shares of World Kinect by 2.2% during the third quarter. Pinnacle Associates Ltd. now owns 40,834 shares of the company’s stock valued at $1,436,000 after acquiring an additional 860 shares in the last quarter. 97.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WKC. Weiss Ratings reaffirmed a “sell (d)” rating on shares of World Kinect in a research note on Monday, October 26th. Morgan Stanley increased their target price on shares of World Kinect from $30.00 to $32.00 and gave the stock an “underweight” rating in a report on Tuesday, November 3rd. Wall Street Zen cut World Kinect from a “buy” rating to a “hold” rating in a research note on Saturday. Bank of America restated an “underperform” rating on shares of World Kinect in a report on Monday, November 2nd. Finally, Zacks Research lowered World Kinect from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. One analyst has rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, World Kinect currently has a consensus rating of “Strong Sell” and a consensus target price of $32.00.

World Kinect Company Profile

World Kinect Corporation (NYSE:WKC) is an energy management company that supplies, distributes and manages fuel and other energy products for commercial customers around the world. The company serves the aviation, marine and land transportation sectors, as well as commercial, industrial and government customers.

Its offerings include conventional and renewable fuels, natural gas, electricity, lubricants, fuel-management services and related environmental solutions. World Kinect also provides procurement, logistics, payment-processing and transaction-management services designed to help customers manage energy supply, costs and operational requirements.

The company was founded as World Fuel Services in 1985 and adopted the World Kinect name in 2024.