World Kinect Corporation (NYSE:WKC - Get Free Report) Chairman Michael Kasbar sold 23,653 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $28.18, for a total transaction of $666,541.54. Following the sale, the chairman directly owned 1,062,797 shares of the company's stock, valued at $29,949,619.46. This represents a 2.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
World Kinect Price Performance
World Kinect stock opened at $26.84 on Wednesday. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -2.63, a PEG ratio of 0.54 and a beta of 1.11. World Kinect Corporation has a 52-week low of $22.21 and a 52-week high of $29.85. The stock's 50 day moving average price is $23.95 and its two-hundred day moving average price is $24.82. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.87 and a current ratio of 1.05.
World Kinect (NYSE:WKC - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.44. The firm had revenue of $9.69 billion for the quarter, compared to analysts' expectations of $9.29 billion. World Kinect had a positive return on equity of 8.27% and a negative net margin of 1.53%.The company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 EPS. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. On average, equities analysts predict that World Kinect Corporation will post 2.8 earnings per share for the current year.
World Kinect Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Monday, March 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, March 30th. World Kinect's dividend payout ratio is presently -7.84%.
Hedge Funds Weigh In On World Kinect
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in World Kinect by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 6,713,507 shares of the company's stock valued at $157,297,000 after acquiring an additional 62,111 shares in the last quarter. Brandes Investment Partners LP lifted its stake in 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 acquiring an additional 907,490 shares in the last quarter. Invesco Ltd. lifted its stake in World Kinect by 9.5% during the 3rd quarter. Invesco Ltd. now owns 2,450,762 shares of the company's stock valued at $63,597,000 after acquiring an additional 213,145 shares in the last quarter. LSV Asset Management lifted its stake in World Kinect by 11.4% during the 4th quarter. LSV Asset Management now owns 1,938,804 shares of the company's stock valued at $45,426,000 after acquiring an additional 198,076 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in World Kinect by 373.8% during the 3rd quarter. Millennium Management LLC now owns 1,602,996 shares of the company's stock valued at $41,598,000 after acquiring an additional 1,264,684 shares in the last quarter. 97.06% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
WKC has been the topic of a number of research analyst reports. Zacks Research upgraded World Kinect from a "strong sell" rating to a "hold" rating in a report on Wednesday, March 25th. Morgan Stanley cut their price target on World Kinect from $27.00 to $25.00 and set an "underweight" rating on the stock in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, World Kinect currently has a consensus rating of "Reduce" and a consensus target price of $29.00.
Check Out Our Latest Analysis on World Kinect
World Kinect Company Profile
(
Get 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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