World Kinect Corporation (NYSE:WKC - Get Free Report) Chairman Michael Kasbar sold 847 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $27.55, for a total transaction of $23,334.85. Following the sale, the chairman directly owned 1,061,950 shares in the company, valued at approximately $29,256,722.50. The trade was a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
World Kinect Trading Down 0.2%
WKC stock opened at $26.96 on Friday. The company's 50-day simple moving average is $23.97 and its 200-day simple moving average is $24.85. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. World Kinect Corporation has a 52-week low of $22.21 and a 52-week high of $29.85. The firm has a market cap of $1.38 billion, a P/E ratio of -2.64, a PEG ratio of 0.55 and a beta of 1.11.
World Kinect (NYSE:WKC - Get Free Report) last posted its earnings results on Thursday, April 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.44. The business had revenue of $9.69 billion for the quarter, compared to analyst estimates of $9.29 billion. World Kinect had a negative net margin of 1.53% and a positive return on equity of 8.27%. The company's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 EPS. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. As a group, equities analysts forecast that World Kinect Corporation will post 2.83 EPS for the current fiscal year.
World Kinect Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Monday, March 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.0%. World Kinect's dividend payout ratio (DPR) is currently -7.84%.
Institutional Trading of World Kinect
A number of hedge funds and other institutional investors have recently made changes to their positions in WKC. Hantz Financial Services Inc. increased its holdings in shares of World Kinect by 282.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,286 shares of the company's stock worth $33,000 after buying an additional 950 shares during the last quarter. Clearstead Advisors LLC increased its holdings in shares of World Kinect by 52.8% during the 3rd quarter. Clearstead Advisors LLC now owns 1,261 shares of the company's stock worth $33,000 after buying an additional 436 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of World Kinect by 369.3% during the 3rd quarter. Versant Capital Management Inc now owns 2,112 shares of the company's stock worth $55,000 after buying an additional 1,662 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of World Kinect during the 3rd quarter worth approximately $61,000. Finally, Aster Capital Management DIFC Ltd increased its holdings 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 worth $62,000 after buying an additional 2,386 shares during the last quarter. Institutional investors and hedge funds own 97.06% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on WKC shares. Morgan Stanley decreased their price target on shares of World Kinect from $27.00 to $25.00 and set an "underweight" rating on the stock in a research note on Tuesday, March 3rd. Zacks Research raised shares of World Kinect from a "strong sell" rating to a "hold" rating in a research note on Wednesday, March 25th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, World Kinect has an average rating of "Reduce" and an average target price of $29.00.
Read Our Latest Research Report on WKC
About World Kinect
(
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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