Dean Capital Management Has $680,000 Stake in World Kinect Corporation $WKC

Dean Capital Management lowered its position in shares of World Kinect Corporation (NYSE:WKC) by 57.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 29,027 shares of the company’s stock after selling 38,722 shares during the quarter. Dean Capital Management’s holdings in World Kinect were worth $680,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of World Kinect by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 6,713,507 shares of the company’s stock valued at $157,297,000 after purchasing an additional 62,111 shares during the period. Brandes Investment Partners LP grew its stake in World Kinect by 30.9% during the fourth quarter. Brandes Investment Partners LP now owns 3,845,750 shares of the company’s stock worth $90,106,000 after purchasing an additional 907,490 shares during the period. Invesco Ltd. increased its holdings in World Kinect by 9.5% in the third quarter. Invesco Ltd. now owns 2,450,762 shares of the company’s stock worth $63,597,000 after purchasing an additional 213,145 shares in the last quarter. LSV Asset Management increased its holdings in World Kinect by 11.4% in the fourth quarter. LSV Asset Management now owns 1,938,804 shares of the company’s stock worth $45,426,000 after purchasing an additional 198,076 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in World Kinect by 373.8% in the third quarter. Millennium Management LLC now owns 1,602,996 shares of the company’s stock valued at $41,598,000 after buying an additional 1,264,684 shares during the period. 97.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

World Kinect Price Performance

Shares of NYSE WKC opened at $31.04 on Friday. The company has a market capitalization of $1.59 billion, a PE ratio of -3.04, a PEG ratio of 0.64 and a beta of 1.22. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average price is $27.75 and its 200-day moving average price is $25.88. World Kinect Corporation has a twelve month low of $22.21 and a twelve month high of $32.24.

World Kinect (NYSE:WKC) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $9.29 billion. During the same period last year, the company posted $0.48 earnings per share. World Kinect’s quarterly revenue 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. On average, equities analysts anticipate 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. Investors of record on Tuesday, June 30th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, June 30th. This is an increase from World Kinect’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a yield of 3.0%. World Kinect’s dividend payout ratio (DPR) is currently -7.84%.

Insider Activity at World Kinect

In other news, Director Paul H. Stebbins sold 20,828 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $27.69, for a total transaction of $576,727.32. Following the completion of the sale, the director owned 40,669 shares in the company, valued at $1,126,124.61. This trade represents a 33.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Michael J. Kasbar sold 19,300 shares of World Kinect stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $30.17, for a total transaction of $582,281.00. Following the completion of the sale, the chairman directly owned 1,021,450 shares in the company, valued at $30,817,146.50. This trade represents a 1.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 97,928 shares of company stock worth $2,773,265. 3.80% of the stock is currently owned by corporate insiders.

World Kinect 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.