Public Employees Retirement System of Ohio Acquires Shares of 40,547 World Kinect Corporation $WKC

Public Employees Retirement System of Ohio acquired a new position in shares of World Kinect Corporation (NYSE:WKC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 40,547 shares of the company's stock, valued at approximately $1,336,000. Public Employees Retirement System of Ohio owned about 0.08% of World Kinect as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in WKC. Vanguard Group Inc. lifted its holdings in shares of World Kinect by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 6,713,507 shares of the company's stock valued at $157,297,000 after buying an additional 62,111 shares during the period. Brandes Investment Partners LP raised its position in World Kinect by 30.9% in the fourth quarter. Brandes Investment Partners LP now owns 3,845,750 shares of the company's stock worth $90,106,000 after acquiring an additional 907,490 shares in the last quarter. Invesco Ltd. raised its position in World Kinect by 9.5% in the third quarter. Invesco Ltd. now owns 2,450,762 shares of the company's stock worth $63,597,000 after acquiring an additional 213,145 shares in the last quarter. LSV Asset Management increased its holdings 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 valued at $45,426,000 after purchasing an additional 198,076 shares in the last quarter. Finally, Millennium Management LLC increased 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 valued at $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.

Insider Transactions at World Kinect

In related news, EVP Jose-Miguel Tejada sold 6,000 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The shares were 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 in the company, valued at approximately $1,325,720.16. This trade represents a 14.40% 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, Director Paul H. Stebbins sold 33,445 shares of World Kinect stock in a transaction that occurred on 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 transaction, the director directly owned 58,878 shares in the company, valued at approximately $2,350,998.54. This trade represents a 36.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 104,445 shares of company stock valued at $3,915,119. 3.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. 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 downgraded World Kinect from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 29th. Zacks Research upgraded shares of World Kinect from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 22nd. Finally, Morgan Stanley set a $30.00 price objective on shares of World Kinect in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $30.00.

World Kinect Trading Up 0.0%

Shares of World Kinect stock opened at $35.41 on Tuesday. World Kinect Corporation has a fifty-two week low of $22.21 and a fifty-two week high of $41.20. The business's fifty day moving average is $36.27 and its two-hundred day moving average is $29.97. 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 cap of $1.81 billion, a PE ratio of -11.03, a P/E/G ratio of 0.54 and a beta of 1.16.

World Kinect (NYSE:WKC - Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $10.50 billion. During the same period in the prior year, the business posted $0.59 earnings per share. The firm's revenue for the quarter was up 50.3% compared to the same quarter last year. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. Analysts anticipate that World Kinect Corporation will post 3.6 earnings per share for the current year.

World Kinect Increases Dividend

The company also recently declared 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. This represents a $0.92 annualized dividend and a yield of 2.6%. The ex-dividend date was Tuesday, June 30th. World Kinect's payout ratio is currently -28.66%.

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.

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