GSA Capital Partners LLP Purchases New Shares in World Kinect Corporation $WKC

Key Points

• GSA Capital Partners acquired 71,221 World Kinect shares worth approximately $2.35 million, joining other institutional investors that increased their positions. Institutions and hedge funds collectively own 97.06% of the company.
• World Kinect reported quarterly EPS of $1.29, beating estimates of $0.75, 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, equating to a 2.5% yield.
• Analyst sentiment remains mixed: some firms upgraded the stock to “strong buy,” while another downgraded it to “sell.” The consensus rating is “Hold,” with a $30 price target, below the reported share price of $36.12.

GSA Capital Partners LLP acquired a new stake in World Kinect Corporation (NYSE:WKC - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 71,221 shares of the company's stock, valued at approximately $2,346,000. GSA Capital Partners LLP owned approximately 0.14% of World Kinect as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Royal Bank of Canada grew its position in shares of World Kinect by 2.2% during the 1st quarter. Royal Bank of Canada now owns 68,228 shares of the company's stock valued at $1,934,000 after acquiring an additional 1,481 shares during the period. AQR Capital Management LLC boosted its position in World Kinect by 16.5% during the first quarter. AQR Capital Management LLC now owns 119,198 shares of the company's stock worth $3,380,000 after purchasing an additional 16,874 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in World Kinect by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,972 shares of the company's stock worth $963,000 after purchasing an additional 1,497 shares in the last quarter. Millennium Management LLC grew its holdings in World Kinect by 3.3% in the first quarter. Millennium Management LLC now owns 525,697 shares of the company's stock valued at $14,909,000 after purchasing an additional 16,738 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in World Kinect by 18.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,791 shares of the company's stock valued at $6,262,000 after purchasing an additional 34,807 shares during the period. Institutional investors and hedge funds own 97.06% of the company's stock.

World Kinect Price Performance

Shares of World Kinect stock opened at $36.12 on Friday. The stock has a market capitalization of $1.85 billion, a P/E ratio of -11.25, a PEG ratio of 0.55 and a beta of 1.17. The business has a 50 day simple moving average of $34.98 and a two-hundred day simple moving average of $28.96. World Kinect Corporation has a 12 month low of $22.21 and a 12 month high of $41.20. 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 (NYSE:WKC - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.54. World Kinect had a positive return on equity of 11.24% and a negative net margin of 0.43%.The firm had revenue of $13.59 billion for the quarter, compared to analyst estimates of $10.50 billion. During the same period in the previous year, the company posted $0.59 earnings per share. The business's 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. As a group, analysts predict that World Kinect Corporation will post 3.6 EPS for the current fiscal year.

World Kinect Increases Dividend

The firm 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 a boost 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 2.5%. World Kinect's dividend payout ratio is presently -28.66%.

Insider Transactions at World Kinect

In other news, Chairman Michael J. Kasbar sold 10,000 shares of the company's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $39.41, for a total transaction of $394,100.00. Following the completion of the sale, the chairman owned 976,450 shares of the company's stock, valued at $38,481,894.50. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Manley sold 10,000 shares of the 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 completion of the sale, the director owned 54,116 shares of the company's stock, valued at $2,158,146.08. This trade represents a 15.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 118,445 shares of company stock valued at $4,232,940 over the last 90 days. 3.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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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