Deutsche Bank AG Takes Position in World Kinect Corporation $WKC

Key Points

• Deutsche Bank initiated a position in World Kinect during the second quarter, acquiring 55,945 shares valued at approximately $1.84 million. Institutional investors collectively own 97.06% of the company.
• World Kinect reported quarterly EPS of $1.29, exceeding the $0.75 analyst consensus, while revenue rose 50.3% year over year to $13.59 billion. The company raised its quarterly dividend from $0.20 to $0.23 per share, producing a 2.6% annualized yield.
• Investor sentiment is mixed: insiders sold 124,445 shares worth about $4.46 million over the past 90 days, while analysts maintain a consensus “Hold” rating with an average price target of $30, below the stock’s reported $35.61 opening price.

Deutsche Bank AG acquired a new position in World Kinect Corporation (NYSE:WKC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 55,945 shares of the company's stock, valued at approximately $1,843,000. Deutsche Bank AG owned approximately 0.11% of World Kinect as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of WKC. Vanguard Group Inc. raised its position in World Kinect by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 6,713,507 shares of the company's stock worth $157,297,000 after acquiring an additional 62,111 shares in the last quarter. Brandes Investment Partners LP boosted its position in shares of World Kinect by 30.9% during the 4th quarter. Brandes Investment Partners LP now owns 3,845,750 shares of the company's stock valued at $90,106,000 after purchasing an additional 907,490 shares in the last quarter. Invesco Ltd. grew its stake in shares of World Kinect by 9.5% in the 3rd quarter. Invesco Ltd. now owns 2,450,762 shares of the company's stock worth $63,597,000 after purchasing an additional 213,145 shares during the last quarter. LSV Asset Management grew its stake in shares of World Kinect by 11.4% in the 4th quarter. LSV Asset Management now owns 1,938,804 shares of the company's stock worth $45,426,000 after purchasing an additional 198,076 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of 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 purchasing an additional 1,264,684 shares in the last quarter. Institutional investors and hedge funds own 97.06% of the company's stock.

World Kinect Stock Performance

Shares of WKC opened at $35.61 on Friday. The company has a 50-day moving average of $35.92 and a two-hundred day moving average of $29.59. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of -11.09, a PEG ratio of 0.55 and a beta of 1.17. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.06 and a quick ratio of 0.91. World Kinect Corporation has a one year low of $22.21 and a one year high of $41.20.

World Kinect (NYSE:WKC - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $10.50 billion. World Kinect had a negative net margin of 0.43% and a positive return on equity of 11.24%. The firm's revenue was up 50.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 earnings per share. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. On average, equities research analysts expect that World Kinect Corporation will post 3.6 earnings per share for the current year.

World Kinect Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.23 per share. This is an increase from World Kinect's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.92 annualized dividend and a yield of 2.6%. World Kinect's dividend payout ratio (DPR) is presently -28.66%.

Insider Activity

In other news, Chairman Michael J. Kasbar sold 10,000 shares of World Kinect stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $39.41, for a total transaction of $394,100.00. Following the transaction, the chairman owned 976,450 shares in the company, valued at approximately $38,481,894.50. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul H. Stebbins sold 33,445 shares of the company's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $39.93, for a total value of $1,335,458.85. Following the transaction, the director directly owned 58,878 shares in the company, valued at $2,350,998.54. The trade was a 36.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 124,445 shares of company stock valued at $4,455,900 in the last 90 days. Company insiders own 3.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on WKC shares. Weiss Ratings cut shares of World Kinect from a "hold (c-)" rating to a "sell (d)" rating in a report on Tuesday, July 28th. Morgan Stanley set a $30.00 price target on World Kinect in a report on Wednesday, July 29th. Wall Street Zen upgraded World Kinect from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. Finally, Zacks Research raised World Kinect from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 22nd. One research 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 company currently has a consensus rating of "Hold" and an average price target of $30.00.

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.

Want to see what other hedge funds are holding WKC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for World Kinect Corporation (NYSE:WKC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.