40,516 Shares in World Kinect Corporation $WKC Purchased by Sanctuary Advisors LLC

Key Points

• Sanctuary Advisors LLC acquired 40,516 shares of World Kinect, worth approximately $1.335 million, while institutional investors collectively own 97.06% of the company.
• World Kinect reported strong quarterly results, with EPS of $1.29 beating estimates of $0.75 and revenue rising 50.3% year over year to $13.59 billion. The company also increased its quarterly dividend to $0.23, implying a 2.6% annual yield.
• Despite positive earnings, analyst sentiment remains mixed: the stock carries a consensus “Hold” rating with a $30 price target, below its reported $35.81 share price. Insiders have sold 124,445 shares worth about $4.46 million over the past 90 days.

Sanctuary Advisors LLC purchased a new stake in World Kinect Corporation (NYSE:WKC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,516 shares of the company's stock, valued at approximately $1,335,000. Sanctuary Advisors LLC owned about 0.08% of World Kinect as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of WKC. Cassaday & Co Wealth Management LLC purchased a new position in shares of World Kinect during the 1st quarter valued at approximately $37,000. Aquatic Capital Management LLC bought a new stake in shares of World Kinect in the third quarter worth $61,000. Aster Capital Management DIFC Ltd increased its stake in shares of World Kinect by 977.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company's stock worth $62,000 after buying an additional 2,386 shares during the last quarter. Clearstead Advisors LLC raised its holdings in World Kinect by 108.8% in the fourth quarter. Clearstead Advisors LLC now owns 2,633 shares of the company's stock valued at $62,000 after acquiring an additional 1,372 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in World Kinect during the 2nd quarter valued at $96,000. Institutional investors and hedge funds own 97.06% of the company's stock.

World Kinect Stock Down 0.6%

NYSE:WKC opened at $35.81 on Friday. 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 50 day moving average of $35.83 and a 200-day moving average of $29.55. The firm has a market capitalization of $1.83 billion, a PE ratio of -11.16, a price-to-earnings-growth ratio of 0.55 and a beta of 1.17. World Kinect Corporation has a 52 week low of $22.21 and a 52 week high of $41.20.

World Kinect (NYSE:WKC - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.54. The business had revenue of $13.59 billion during the quarter, compared to analyst estimates of $10.50 billion. World Kinect had a positive return on equity of 11.24% and a negative net margin of 0.43%.The business's revenue for the quarter was up 50.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 EPS. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. Analysts predict that World Kinect Corporation will post 3.6 EPS for the current year.

World Kinect Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, June 30th were given a $0.23 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.92 annualized dividend and a yield of 2.6%. This is a boost from World Kinect's previous quarterly dividend of $0.20. World Kinect's payout ratio is -28.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on WKC shares. Weiss Ratings downgraded shares of World Kinect from a "hold (c-)" rating to a "sell (d)" rating in a research report on Tuesday, July 28th. Wall Street Zen raised World Kinect from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. Morgan Stanley set a $30.00 target price on World Kinect in a report on Wednesday, July 29th. Finally, Zacks Research upgraded World Kinect from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $30.00.

Insider Activity

In other news, Chairman Michael J. Kasbar sold 25,000 shares of World Kinect stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $35.04, for a total transaction of $876,000.00. Following the sale, the chairman owned 986,450 shares of the company's stock, valued at approximately $34,565,208. The trade was a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jose-Miguel Tejada sold 6,000 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president owned 35,676 shares of the company's stock, valued at approximately $1,325,720.16. This represents a 14.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 124,445 shares of company stock valued at $4,455,900. Company insiders own 3.80% of the company's stock.

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.

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