Insider Selling: World Kinect (NYSE:WKC) Chairman Sells $876,000.00 in Stock

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 25,000 shares of the business’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $35.04, for a total transaction of $876,000.00. Following the completion of the sale, the chairman owned 986,450 shares of the company’s stock, valued at approximately $34,565,208. This represents a 2.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

World Kinect Price Performance

NYSE WKC opened at $37.10 on Friday. The company has a market cap of $1.91 billion, a PE ratio of -3.63, a P/E/G ratio of 0.75 and a beta of 1.19. The firm’s 50 day moving average price is $31.16 and its 200-day moving average price is $27.25. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.87 and a current ratio of 1.05. World Kinect Corporation has a 52-week low of $22.21 and a 52-week high of $37.88.

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

World Kinect Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from World Kinect’s previous quarterly dividend of $0.20. World Kinect’s dividend payout ratio is presently -9.01%.

Institutional Investors Weigh In On World Kinect

Large investors have recently made changes to their positions in the stock. Millennium Management LLC raised its stake in World Kinect by 373.8% in the 3rd quarter. Millennium Management LLC now owns 1,602,996 shares of the company’s stock worth $41,598,000 after acquiring an additional 1,264,684 shares during the last quarter. Brandes Investment Partners LP raised its stake in shares of World Kinect by 30.9% in 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 last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of World Kinect by 235.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 644,941 shares of the company’s stock worth $14,879,000 after purchasing an additional 452,462 shares during the period. Pacer Advisors Inc. purchased a new stake in World Kinect in the fourth quarter valued at approximately $9,427,000. Finally, Qube Research & Technologies Ltd boosted its position in World Kinect by 119.5% in the third quarter. Qube Research & Technologies Ltd now owns 702,367 shares of the company’s stock valued at $18,226,000 after buying an additional 382,340 shares during the last quarter. 97.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on WKC shares. Morgan Stanley increased their price target on shares of World Kinect from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Tuesday, May 5th. Weiss Ratings upgraded shares of World Kinect from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 29th. Zacks Research lowered shares of World Kinect from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, Wall Street Zen raised World Kinect from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $29.50.

About World Kinect

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.