Key Points
- Insider sale: World Kinect Chairman Michael Kasbar sold 10,000 shares for approximately $394,100, reducing his direct ownership by 1.01% to 976,450 shares.
- Strong quarterly results: The company reported quarterly EPS of $1.29, exceeding estimates by $0.54, while revenue rose 50.3% year over year to $13.59 billion. Management issued fiscal 2026 EPS guidance of $3.20–$3.40.
- Dividend and analyst view: World Kinect increased its quarterly dividend to $0.23 per share, equivalent to a 2.4% annual yield. Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $30 versus the stock’s reported $38.55 price.
World Kinect Corporation (NYSE:WKC - Get Free Report) Chairman Michael Kasbar sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $39.41, for a total transaction of $394,100.00. Following the transaction, the chairman directly owned 976,450 shares of the company's stock, valued at $38,481,894.50. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
World Kinect Price Performance
NYSE WKC opened at $38.55 on Thursday. The firm's 50 day moving average is $33.91 and its 200-day moving average is $28.48. 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 has a market capitalization of $1.97 billion, a PE ratio of -12.01, a price-to-earnings-growth ratio of 0.60 and a beta of 1.17. World Kinect Corporation has a 12-month low of $22.21 and a 12-month high of $41.20.
World Kinect (NYSE:WKC - Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $0.75 by $0.54. The business had revenue of $13.59 billion during the quarter, compared to analysts' expectations of $10.50 billion. World Kinect had a negative net margin of 0.43% and a positive return on equity of 11.24%. The firm's revenue was up 50.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 earnings per share. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. Equities research analysts anticipate that World Kinect Corporation will post 3.6 earnings per share for the current fiscal year.
World Kinect Increases Dividend
The firm also recently disclosed 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. The ex-dividend date was Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from World Kinect's previous quarterly dividend of $0.20. World Kinect's dividend payout ratio (DPR) is currently -28.66%.
Institutional Investors Weigh In On World Kinect
Institutional investors and hedge funds have recently modified their holdings of the company. Villanova Investment Management Co LLC boosted its stake in shares of World Kinect by 0.4% during the fourth quarter. Villanova Investment Management Co LLC now owns 107,302 shares of the company's stock valued at $2,514,000 after purchasing an additional 434 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of World Kinect by 2.0% in the first quarter. Hsbc Holdings PLC now owns 25,390 shares of the company's stock valued at $586,000 after buying an additional 489 shares during the period. Lido Advisors LLC increased its stake in shares of World Kinect by 6.1% in the fourth quarter. Lido Advisors LLC now owns 10,504 shares of the company's stock valued at $268,000 after buying an additional 608 shares during the period. GF Fund Management CO. LTD. raised its holdings in World Kinect by 5.0% in the 4th quarter. GF Fund Management CO. LTD. now owns 16,135 shares of the company's stock valued at $378,000 after buying an additional 771 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in World Kinect by 1.4% during the 2nd quarter. California State Teachers Retirement System now owns 54,354 shares of the company's stock worth $1,541,000 after buying an additional 775 shares during the period. 97.06% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on WKC. Morgan Stanley set a $30.00 target price on World Kinect in a research report on Wednesday, July 29th. Zacks Research raised World Kinect from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 22nd. Wall Street Zen upgraded World Kinect from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 1st. Finally, Weiss Ratings lowered World Kinect from a "hold (c-)" rating to a "sell (d)" rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $30.00.
Get Our Latest Stock 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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
