17,618 Shares in World Kinect Corporation $WKC Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new position in shares of World Kinect Corporation (NYSE:WKC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 17,618 shares of the company’s stock, valued at approximately $413,000.

Other hedge funds have also recently made changes to their positions in the company. Clearstead Advisors LLC boosted its position in shares of World Kinect by 52.8% during the 3rd quarter. Clearstead Advisors LLC now owns 1,261 shares of the company’s stock worth $33,000 after purchasing an additional 436 shares during the period. Hantz Financial Services Inc. boosted its position in shares of World Kinect by 282.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,286 shares of the company’s stock worth $33,000 after purchasing an additional 950 shares during the period. Aquatic Capital Management LLC purchased a new position in shares of World Kinect during the 3rd quarter worth approximately $61,000. Raymond James Financial Inc. purchased a new position in shares of World Kinect during the 2nd quarter worth approximately $96,000. Finally, Tower Research Capital LLC TRC lifted its holdings in World Kinect by 72.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,021 shares of the company’s stock worth $171,000 after buying an additional 2,534 shares in the last quarter. Hedge funds and other institutional investors own 97.06% of the company’s stock.

World Kinect Price Performance

Shares of WKC opened at $28.84 on Friday. World Kinect Corporation has a twelve month low of $22.21 and a twelve month high of $29.85. The firm’s fifty day simple moving average is $25.54 and its 200-day simple moving average is $25.19. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of -2.82, a PEG ratio of 0.59 and a beta of 1.22. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.65.

World Kinect (NYSE:WKC) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $9.69 billion for the quarter, compared to analyst estimates of $9.29 billion. During the same period last year, the business earned $0.48 EPS. The company’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 analysts forecast that World Kinect Corporation will post 2.79 EPS for the current fiscal year.

World Kinect Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Monday, March 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, March 30th. World Kinect’s dividend payout ratio (DPR) is presently -7.84%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of World Kinect from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Tuesday, May 5th. Zacks Research upgraded shares of World Kinect from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of World Kinect from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings upgraded shares of World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $29.50.

Insider Activity

In related news, Chairman Michael J. Kasbar sold 10,000 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $27.11, for a total value of $271,100.00. Following the transaction, the chairman directly owned 1,051,950 shares of the company’s stock, valued at $28,518,364.50. This trade represents a 0.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard A. Kassar sold 10,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $26.97, for a total transaction of $269,700.00. Following the completion of the transaction, the director directly owned 53,812 shares in the company, valued at $1,451,309.64. This trade represents a 15.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 67,928 shares of company stock valued at $1,878,484 over the last quarter. Company insiders own 3.80% of the company’s stock.

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.