Alpine Woods Capital Investors LLC Has $273,000 Position in World Kinect Corporation $WKC

Alpine Woods Capital Investors LLC lessened its holdings in shares of World Kinect Corporation (NYSE:WKC - Free Report) by 72.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,815 shares of the company's stock after selling 31,750 shares during the quarter. Alpine Woods Capital Investors LLC's holdings in World Kinect were worth $273,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cassaday & Co Wealth Management LLC bought a new position in shares of World Kinect in the 1st quarter valued at approximately $37,000. Aquatic Capital Management LLC acquired a new position in World Kinect during the third quarter valued at approximately $61,000. Aster Capital Management DIFC Ltd raised its position 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 valued at $62,000 after purchasing an additional 2,386 shares during the period. Clearstead Advisors LLC raised its position in shares of 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 purchasing an additional 1,372 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of World Kinect in the second quarter worth $96,000. 97.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on WKC. Weiss Ratings lowered shares of World Kinect from a "hold (c-)" rating to a "sell (d)" rating in a research report on Tuesday. Morgan Stanley set a $30.00 price target on World Kinect in a research report on Wednesday. Zacks Research upgraded World Kinect from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 22nd. Finally, Wall Street Zen raised World Kinect from a "buy" rating to a "strong-buy" rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $30.00.

Insider Activity at World Kinect

In other news, Director John L. Manley sold 10,000 shares of World Kinect stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $39.88, for a total transaction of $398,800.00. Following the sale, the director directly owned 54,116 shares in the company, valued at approximately $2,158,146.08. The trade was a 15.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul H. Stebbins sold 33,445 shares of the company's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $39.93, for a total transaction of $1,335,458.85. Following the completion of the sale, the director directly owned 58,878 shares in the company, valued at approximately $2,350,998.54. The trade was a 36.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 151,873 shares of company stock worth $5,027,447 in the last ninety days. Company insiders own 3.80% of the company's stock.

World Kinect Trading Up 0.2%

Shares of WKC opened at $39.82 on Friday. World Kinect Corporation has a 12-month low of $22.21 and a 12-month high of $41.20. The company has a quick ratio of 0.91, a current ratio of 1.06 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -12.41, a P/E/G ratio of 0.61 and a beta of 1.19. The stock's 50-day moving average price is $33.33 and its 200 day moving average price is $28.24.

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

World Kinect Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th were paid a $0.23 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.3%. This is a positive change from World Kinect's previous quarterly dividend of $0.20. World Kinect's dividend payout ratio is currently -28.66%.

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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