New York State Teachers Retirement System Has $1.49 Million Stock Holdings in World Kinect Corporation $WKC

New York State Teachers Retirement System decreased its holdings in shares of World Kinect Corporation (NYSE:WKC) by 28.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,440 shares of the company’s stock after selling 25,383 shares during the period. New York State Teachers Retirement System owned about 0.13% of World Kinect worth $1,487,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in WKC. Villanova Investment Management Co LLC raised its holdings in shares of World Kinect by 0.4% in the 4th quarter. Villanova Investment Management Co LLC now owns 107,302 shares of the company’s stock worth $2,514,000 after buying an additional 434 shares in the last quarter. Lido Advisors LLC boosted its stake in World Kinect by 6.1% in the 4th quarter. Lido Advisors LLC now owns 10,504 shares of the company’s stock valued at $268,000 after buying an additional 608 shares in the last quarter. GF Fund Management CO. LTD. boosted its stake in World Kinect by 5.0% in the 4th quarter. GF Fund Management CO. LTD. now owns 16,135 shares of the company’s stock valued at $378,000 after buying an additional 771 shares in the last quarter. California State Teachers Retirement System grew its position in World Kinect by 1.4% in the second quarter. California State Teachers Retirement System now owns 54,354 shares of the company’s stock valued at $1,541,000 after acquiring an additional 775 shares during the period. Finally, Amundi raised its stake in World Kinect by 6.9% during the third quarter. Amundi now owns 13,874 shares of the company’s stock worth $360,000 after acquiring an additional 898 shares in the last quarter. 97.06% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at World Kinect

In other World Kinect news, Director Paul H. Stebbins sold 20,828 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $27.69, for a total transaction of $576,727.32. Following the completion of the sale, the director directly owned 40,669 shares of the company’s stock, valued at approximately $1,126,124.61. The trade was a 33.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard A. Kassar sold 10,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $26.97, for a total value of $269,700.00. Following the sale, the director directly owned 53,812 shares of the company’s stock, valued at $1,451,309.64. This represents a 15.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 107,928 shares of company stock valued at $3,107,065 in the last three months. Company insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

WKC has been the subject of a number of analyst reports. Zacks Research cut World Kinect from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Morgan Stanley upped 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. Wall Street Zen upgraded shares of World Kinect from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings raised shares of World Kinect from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $29.50.

World Kinect Trading Up 2.4%

NYSE:WKC traded up $0.84 during trading hours on Friday, hitting $35.24. 1,014,154 shares of the stock were exchanged, compared to its average volume of 1,070,594. The company’s 50 day moving average is $30.39 and its two-hundred day moving average is $26.85. World Kinect Corporation has a twelve month low of $22.21 and a twelve month high of $35.34. 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 company has a market capitalization of $1.81 billion, a P/E ratio of -3.45, a price-to-earnings-growth ratio of 0.72 and a beta of 1.19.

World Kinect (NYSE:WKC) last released its earnings results on Thursday, April 23rd. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.31 by $0.44. The company had revenue of $9.69 billion during the quarter, compared to analysts’ expectations of $9.29 billion. World Kinect had a positive return on equity of 8.27% and a negative net margin of 1.53%.The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.48 EPS. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. On average, sell-side analysts anticipate that World Kinect Corporation will post 2.79 earnings per share for the current fiscal year.

World Kinect Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Tuesday, June 30th will be issued a $0.23 dividend. This is a positive change from World Kinect’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, June 30th. World Kinect’s dividend payout ratio (DPR) is -9.01%.

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.