284,398 World Kinect Corporation $WKC Shares Acquired by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds sharply increased its World Kinect stake by 284,398 shares, or 2,505.9%, during the third quarter. It now owns 295,747 shares valued at approximately $10.4 million, while institutional investors collectively hold 97.06% of the stock.
• Analyst sentiment is bearish: World Kinect has an average “Sell” rating and a $30 consensus price target, below its reported trading price of $36.10. Recent ratings included downgrades from Wall Street Zen, Zacks Research and Weiss Ratings.
• The company reported stronger-than-expected quarterly results, with EPS of $1.29 versus the $0.75 consensus and revenue of $13.59 billion, up 50.3% year over year. World Kinect also maintains a $0.23 quarterly dividend, equivalent to a 2.5% annual yield.

Counterpoint Mutual Funds LLC lifted its stake in shares of World Kinect Corporation (NYSE:WKC - Free Report) by 2,505.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 295,747 shares of the company's stock after acquiring an additional 284,398 shares during the period. World Kinect makes up about 0.9% of Counterpoint Mutual Funds LLC's investment portfolio, making the stock its 15th largest holding. Counterpoint Mutual Funds LLC owned about 0.58% of World Kinect worth $10,398,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of WKC. Fortitude Family Office LLC acquired a new position in World Kinect during the third quarter worth $124,000. Sax Wealth Advisors LLC acquired a new position in shares of World Kinect during the 3rd quarter worth about $398,000. NorthCrest Asset Manangement LLC lifted its stake in World Kinect by 5.3% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 6,378 shares of the company's stock valued at $238,000 after purchasing an additional 323 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of World Kinect by 8.4% in the third quarter. GAMMA Investing LLC now owns 6,036 shares of the company's stock valued at $212,000 after buying an additional 468 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in World Kinect by 279.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,601 shares of the company's stock valued at $267,000 after acquiring an additional 5,599 shares during the period. 97.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WKC has been the subject of several recent research reports. Wall Street Zen downgraded World Kinect from a "strong-buy" rating to a "buy" rating in a research note on Saturday, October 10th. Zacks Research downgraded shares of World Kinect from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Weiss Ratings cut shares of World Kinect from a "hold (c-)" rating to a "sell (d)" rating in a research note on Tuesday, July 28th. Finally, Morgan Stanley set a $30.00 price target on World Kinect in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, World Kinect has an average rating of "Sell" and a consensus target price of $30.00.

World Kinect Trading Down 1.8%

Shares of WKC stock opened at $36.10 on Friday. World Kinect Corporation has a 1-year low of $22.21 and a 1-year high of $41.20. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of -11.25, a PEG ratio of 0.55 and a beta of 1.21. The stock has a 50-day moving average of $35.93 and a 200-day moving average of $32.33.

World Kinect (NYSE:WKC - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.54. World Kinect had a negative net margin of 0.43% and a positive return on equity of 11.24%. The company had revenue of $13.59 billion for the quarter, compared to analyst estimates of $10.50 billion. During the same period in the prior year, the firm posted $0.59 EPS. The company's quarterly revenue was up 50.3% on a year-over-year basis. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. On average, equities research analysts forecast that World Kinect Corporation will post 3.60 earnings per share for the current year.

World Kinect Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, September 28th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, September 28th. World Kinect's payout ratio is -28.66%.

Insider Buying and Selling at World Kinect

In other World Kinect news, EVP Jose-Miguel Tejada sold 6,000 shares of the company's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $37.16, for a total value of $222,960.00. Following the completion of the transaction, the executive vice president owned 35,676 shares in the company, valued at $1,325,720.16. This represents a 14.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Manley sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $39.88, for a total value of $398,800.00. Following the completion of the transaction, the director owned 54,116 shares in the company, valued at approximately $2,158,146.08. The trade was a 15.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 79,445 shares of company stock valued at $3,062,019 over the last three months. Corporate insiders own 3.80% of the company's stock.

About World Kinect

World Kinect Corporation NYSE: WKC is an energy management company that supplies, distributes and manages fuel and other energy products for commercial, industrial and government customers. Its offerings include aviation fuel, marine fuel, land-based transportation fuels, natural gas, electricity, lubricants and renewable energy products.

The company provides services across the aviation, marine and land transportation markets, helping customers procure, deliver and manage energy through its global supply, logistics and technology capabilities.

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