Key Points
- World Kinect Chairman Michael Kasbar sold 10,000 shares on June 2 at an average price of $29.15, generating about $291,500 and trimming his stake by roughly 0.95%.
- The company recently beat earnings expectations, reporting Q1 EPS of $0.75 versus the $0.31 consensus and revenue of $9.69 billion, while also issuing FY2026 EPS guidance of $2.65 to $2.85.
- Shares have been trading near their 52-week high, opening at $29.69 after a $22.21 to $29.88 range, with analysts currently holding a consensus rating of “Reduce” and an average price target of $29.50.
World Kinect Corporation (NYSE:WKC - Get Free Report) Chairman Michael Kasbar sold 10,000 shares of World Kinect stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $29.15, for a total transaction of $291,500.00. Following the completion of the transaction, the chairman directly owned 1,041,450 shares in the company, valued at approximately $30,358,267.50. The trade was a 0.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
World Kinect Stock Performance
Shares of WKC stock opened at $29.69 on Friday. The company's fifty day simple moving average is $26.06 and its 200-day simple moving average is $25.32. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. The firm has a market cap of $1.52 billion, a PE ratio of -2.91, a P/E/G ratio of 0.60 and a beta of 1.22. World Kinect Corporation has a 12 month low of $22.21 and a 12 month high of $29.88.
World Kinect (NYSE:WKC - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates 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 firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 earnings per share. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. Equities research analysts expect that World Kinect Corporation will post 2.79 EPS for the current fiscal year.
World Kinect Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Monday, March 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, March 30th. World Kinect's payout ratio is currently -7.84%.
Hedge Funds Weigh In On World Kinect
A number of institutional investors have recently added to or reduced their stakes in WKC. Villanova Investment Management Co LLC raised its holdings in World Kinect by 0.4% in the 4th quarter. Villanova Investment Management Co LLC now owns 107,302 shares of the company's stock valued at $2,514,000 after buying an additional 434 shares during the last quarter. Clearstead Advisors LLC raised its holdings in 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 purchasing an additional 436 shares during the last quarter. Hsbc Holdings PLC raised its holdings in World Kinect by 2.0% during the 1st quarter. Hsbc Holdings PLC now owns 25,390 shares of the company's stock worth $586,000 after purchasing an additional 489 shares during the last quarter. Johnson Investment Counsel Inc. raised its holdings in World Kinect by 0.5% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 110,836 shares of the company's stock worth $2,876,000 after purchasing an additional 502 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in World Kinect by 8.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,397 shares of the company's stock worth $166,000 after purchasing an additional 503 shares during the last quarter. 97.06% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on WKC shares. Weiss Ratings raised shares of World Kinect from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, May 14th. Zacks Research downgraded shares of World Kinect from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Morgan Stanley boosted their target price on shares of World Kinect from $25.00 to $26.00 and gave the stock an "underweight" rating in a report on Tuesday, May 5th. Finally, Wall Street Zen upgraded shares of World Kinect from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $29.50.
Check Out Our Latest Stock Report on World Kinect
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.
Further Reading
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