Pacer Advisors Inc. Buys New Shares in World Kinect Corporation $WKC

Pacer Advisors Inc. bought a new position in shares of World Kinect Corporation (NYSE:WKC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 402,352 shares of the company’s stock, valued at approximately $9,427,000. Pacer Advisors Inc. owned approximately 0.72% of World Kinect as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of WKC. Numerai GP LLC bought a new position in shares of World Kinect in the third quarter valued at $2,557,000. American Century Companies Inc. increased its holdings in World Kinect by 64.1% during the third quarter. American Century Companies Inc. now owns 1,042,766 shares of the company’s stock worth $27,060,000 after buying an additional 407,225 shares during the last quarter. UBS Group AG raised its position in World Kinect by 38.1% during the fourth quarter. UBS Group AG now owns 226,440 shares of the company’s stock worth $5,305,000 after acquiring an additional 62,492 shares in the last quarter. Vanguard Group Inc. raised its position in World Kinect by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,713,507 shares of the company’s stock worth $157,297,000 after acquiring an additional 62,111 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its stake in World Kinect by 98.6% in the fourth quarter. GSA Capital Partners LLP now owns 96,774 shares of the company’s stock valued at $2,267,000 after acquiring an additional 48,048 shares during the last quarter. 97.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at World Kinect

In other World Kinect news, Director Richard A. Kassar sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 53,812 shares in the company, valued at $1,451,309.64. This represents a 15.67% 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 23,653 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $28.18, for a total transaction of $666,541.54. Following the transaction, the chairman directly owned 1,062,797 shares in the company, valued at $29,949,619.46. This represents a 2.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 97,928 shares of company stock valued at $2,773,265 in the last three months. 3.80% of the stock is owned by insiders.

World Kinect Stock Performance

NYSE:WKC opened at $31.04 on Monday. The stock has a market cap of $1.59 billion, a P/E ratio of -3.04, a PEG ratio of 0.64 and a beta of 1.23. The stock has a 50 day simple moving average of $27.75 and a 200 day simple moving average of $25.90. 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 Corporation has a 1-year low of $22.21 and a 1-year high of $32.24.

World Kinect (NYSE:WKC) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.44. The firm had revenue of $9.69 billion for the quarter, compared to analyst estimates of $9.29 billion. World Kinect had a positive return on equity of 8.27% and a negative net margin of 1.53%.The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.48 EPS. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. Research analysts anticipate that World Kinect Corporation will post 2.79 earnings per share for the current year.

World Kinect Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Tuesday, June 30th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.0%. This is a boost from World Kinect’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, June 30th. World Kinect’s dividend payout ratio is currently -7.84%.

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.