World Kinect Corporation (NYSE:WKC - Get Free Report) Director John Manley sold 10,000 shares of the business's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $39.88, for a total transaction of $398,800.00. Following the transaction, the director directly owned 54,116 shares in the company, valued at approximately $2,158,146.08. The trade was a 15.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
World Kinect Price Performance
WKC opened at $39.82 on Friday. The company has a fifty day simple moving average of $33.33 and a 200 day simple moving average of $28.24. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of -12.41, a PEG ratio of 0.61 and a beta of 1.19. World Kinect Corporation has a twelve month low of $22.21 and a twelve month high of $41.20. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 0.58.
World Kinect (NYSE:WKC - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.54. World Kinect had a negative net margin of 0.43% and a positive return on equity of 11.24%. The firm had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $10.50 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm's quarterly revenue 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 research analysts expect that World Kinect Corporation will post 3.6 EPS for the current fiscal year.
World Kinect Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.23 per share. This is a boost from World Kinect's previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, June 30th. World Kinect's payout ratio is -28.66%.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the company. Zacks Research upgraded World Kinect from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 22nd. Morgan Stanley set a $30.00 price objective on World Kinect in a research note on Wednesday. Wall Street Zen upgraded World Kinect from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, Weiss Ratings lowered World Kinect from a "hold (c-)" rating to a "sell (d)" rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $30.00.
Read Our Latest Research Report on World Kinect
Institutional Trading of World Kinect
Several institutional investors and hedge funds have recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC bought a new position in World Kinect during the 1st quarter worth approximately $37,000. Aquatic Capital Management LLC acquired a new position in shares of World Kinect in the 3rd quarter worth approximately $61,000. Clearstead Advisors LLC increased its holdings in shares of 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 during the last quarter. Aster Capital Management DIFC Ltd increased its holdings in shares of World Kinect by 977.9% in 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 last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of World Kinect during the 2nd quarter valued at approximately $96,000. Institutional investors and hedge funds own 97.06% of the company's stock.
World Kinect Company Profile
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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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