Key Points
- World Kinect EVP Jose-Miguel Tejada sold 6,000 shares at an average price of $37.16, totaling $222,960. His remaining 35,676 shares are valued at approximately $1.33 million.
- World Kinect reported quarterly EPS of $1.29, beating estimates of $0.75, while revenue rose 50.3% year over year to $13.59 billion. The company also raised its quarterly dividend to $0.23 per share, equivalent to a 2.6% yield.
- WKC shares opened at $35.66, compared with a consensus analyst price target of $30 and an overall “Hold” rating. Institutional investors own approximately 97.06% of the company.
World Kinect Corporation (NYSE:WKC - Get Free Report) EVP Jose-Miguel Tejada sold 6,000 shares of World Kinect stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $37.16, for a total value of $222,960.00. Following the completion of the transaction, the executive vice president directly owned 35,676 shares in the company, valued at approximately $1,325,720.16. This represents a 14.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
World Kinect Stock Performance
Shares of WKC stock opened at $35.66 on Tuesday. The stock has a market capitalization of $1.82 billion, a PE ratio of -11.11, a PEG ratio of 0.55 and a beta of 1.17. The business's 50 day simple moving average is $35.09 and its 200 day simple moving average is $29.05. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.06 and a quick ratio of 0.91. World Kinect Corporation has a one year low of $22.21 and a one year high of $41.20.
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. The firm had revenue of $13.59 billion during the quarter, compared to analyst estimates of $10.50 billion. World Kinect had a negative net margin of 0.43% and a positive return on equity of 11.24%. The company's revenue was up 50.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.59 EPS. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. As a group, research analysts forecast that World Kinect Corporation will post 3.6 earnings per share for the current year.
World Kinect Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors 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 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, June 30th. World Kinect's payout ratio is -28.66%.
Institutional Investors Weigh In On World Kinect
Several hedge funds and other institutional investors have recently modified their holdings of WKC. Villanova Investment Management Co LLC raised its position 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 worth $2,514,000 after purchasing an additional 434 shares during the period. Hsbc Holdings PLC grew its position in World Kinect by 2.0% in the 1st quarter. Hsbc Holdings PLC now owns 25,390 shares of the company's stock valued at $586,000 after purchasing an additional 489 shares during the period. Lido Advisors LLC grew its position in World Kinect by 6.1% in the 4th quarter. Lido Advisors LLC now owns 10,504 shares of the company's stock valued at $268,000 after purchasing an additional 608 shares during the period. GF Fund Management CO. LTD. increased its stake in World Kinect by 5.0% during the 4th quarter. GF Fund Management CO. LTD. now owns 16,135 shares of the company's stock valued at $378,000 after purchasing an additional 771 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake 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 valued at $1,541,000 after purchasing an additional 775 shares in the last quarter. Institutional investors own 97.06% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. Morgan Stanley set a $30.00 price target on World Kinect in a report on Wednesday, July 29th. Weiss Ratings lowered World Kinect from a "hold (c-)" rating to a "sell (d)" rating in a research report on Tuesday, July 28th. Zacks Research raised World Kinect from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 22nd. Finally, Wall Street Zen upgraded World Kinect from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $30.00.
View Our Latest Stock Analysis 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.
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