Squarepoint Ops LLC Takes Position in World Kinect Corporation $WKC

Key Points

• Squarepoint Ops LLC acquired 134,169 shares of World Kinect worth approximately $4.42 million, representing about 0.26% of the company. Institutional investors collectively own 97.06% of outstanding shares.
• 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 also increased its quarterly dividend from $0.20 to $0.23 per share.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $30 price target versus the stock’s reported $35.10 price. Insiders sold 104,445 shares worth roughly $3.92 million over the past three months.

Squarepoint Ops LLC purchased a new position in World Kinect Corporation (NYSE:WKC - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 134,169 shares of the company's stock, valued at approximately $4,420,000. Squarepoint Ops LLC owned about 0.26% of World Kinect at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WKC. UBS Group AG raised its holdings in World Kinect by 38.1% in the fourth quarter. UBS Group AG now owns 226,440 shares of the company's stock worth $5,305,000 after buying an additional 62,492 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of World Kinect by 98.6% during the fourth quarter. GSA Capital Partners LLP now owns 96,774 shares of the company's stock valued at $2,267,000 after acquiring an additional 48,048 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of World Kinect during the fourth quarter valued at approximately $413,000. WINTON GROUP Ltd purchased a new position in World Kinect in the 4th quarter worth approximately $3,371,000. Finally, Y Intercept Hong Kong Ltd raised its holdings in World Kinect by 128.7% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 51,389 shares of the company's stock worth $1,186,000 after acquiring an additional 28,922 shares during the last quarter. Institutional investors own 97.06% of the company's stock.

World Kinect Stock Down 0.7%

Shares of World Kinect stock opened at $35.10 on Friday. World Kinect Corporation has a twelve month low of $22.21 and a twelve 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 company's 50 day moving average is $36.44 and its 200 day moving average is $30.20. The company has a market cap of $1.80 billion, a price-to-earnings ratio of -10.93, a price-to-earnings-growth ratio of 0.54 and a beta of 1.16.

World Kinect (NYSE:WKC - Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.54. The business had revenue of $13.59 billion during 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 company's quarterly revenue was up 50.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. Research analysts anticipate that World Kinect Corporation will post 3.6 EPS for the current year.

World Kinect Increases Dividend

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

Analyst Ratings Changes

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

Insider Transactions at World Kinect

In other World Kinect news, EVP Jose-Miguel Tejada sold 6,000 shares of the business's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $37.16, for a total transaction of $222,960.00. Following the completion of the sale, the executive vice president directly owned 35,676 shares in the company, valued at $1,325,720.16. The trade was a 14.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John L. Manley sold 10,000 shares of the company's 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 of the company's stock, valued at $2,158,146.08. The trade was a 15.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 104,445 shares of company stock worth $3,915,119 in the last three months. 3.80% of the stock is owned by insiders.

World Kinect Profile

World Kinect Corporation NYSE: WKC is an energy management company that provides fuel, energy and related services to customers in the aviation, marine and land transportation industries. Its offerings include the sourcing, marketing, distribution and delivery of conventional and alternative fuels, as well as energy procurement and risk-management solutions.

The company serves commercial airlines, business and general aviation operators, shipping companies, trucking and transportation businesses, government entities, utilities and other commercial customers.

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