Quantbot Technologies LP bought a new position in shares of World Kinect Corporation (NYSE:WKC - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 92,259 shares of the company's stock, valued at approximately $3,039,000. Quantbot Technologies LP owned 0.18% of World Kinect at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cassaday & Co Wealth Management LLC acquired a new stake in World Kinect during the first quarter worth approximately $37,000. Aquatic Capital Management LLC bought a new position in World Kinect during the 3rd quarter worth $61,000. Clearstead Advisors LLC raised its holdings in World Kinect by 108.8% in the 4th 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. Aster Capital Management DIFC Ltd lifted its position in shares of World Kinect by 977.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company's stock valued at $62,000 after acquiring an additional 2,386 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of World Kinect during the 2nd quarter valued at $96,000. 97.06% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at World Kinect
In other news, Director Paul H. Stebbins sold 33,445 shares of the firm's stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jose-Miguel Tejada sold 6,000 shares of World Kinect stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $37.16, for a total transaction of $222,960.00. Following the sale, the executive vice president directly owned 35,676 shares in the company, valued at $1,325,720.16. This trade represents a 14.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 124,445 shares of company stock valued at $4,455,900. 3.80% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
WKC has been the topic of several analyst reports. Morgan Stanley set a $30.00 target price on World Kinect in a report on Wednesday, July 29th. Zacks Research raised shares of World Kinect from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 22nd. Wall Street Zen upgraded shares of World Kinect from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 1st. Finally, Weiss Ratings lowered shares of World Kinect from a "hold (c-)" rating to a "sell (d)" rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $30.00.
Check Out Our Latest Research Report on WKC
World Kinect Trading Up 0.1%
Shares of WKC opened at $35.99 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.91 and a current ratio of 1.06. World Kinect Corporation has a 52-week low of $22.21 and a 52-week high of $41.20. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of -11.21, a PEG ratio of 0.55 and a beta of 1.17. The business's fifty day moving average is $35.46 and its 200-day moving average is $29.32.
World Kinect (NYSE:WKC - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $13.59 billion during the quarter, compared to the consensus estimate of $10.50 billion. During the same period in the prior year, the company earned $0.59 EPS. World Kinect's revenue for the quarter was up 50.3% on a year-over-year basis. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. Equities analysts anticipate that World Kinect Corporation will post 3.6 EPS for the current fiscal year.
World Kinect Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.6%. 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. World Kinect's dividend payout ratio (DPR) is currently -28.66%.
World Kinect Profile
(
Free Report)
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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