World Kinect Corporation (NYSE:WKC - Get Free Report) Director Jorge Benitez sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $37.98, for a total value of $189,900.00. Following the transaction, the director owned 63,924 shares in the company, valued at $2,427,833.52. This represents a 7.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
World Kinect Price Performance
WKC traded down $1.01 during trading on Friday, hitting $35.63. The company's stock had a trading volume of 835,044 shares, compared to its average volume of 843,320. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of -12.00, a P/E/G ratio of 0.57 and a beta of 1.29. World Kinect Corporation has a twelve month low of $22.21 and a twelve month high of $41.20. The business's fifty day simple moving average is $36.08 and its 200 day simple moving average is $31.02. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53.
World Kinect (NYSE:WKC - Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.03. World Kinect had a positive return on equity of 13.63% and a negative net margin of 0.37%. The business had revenue of $13.27 billion during the quarter, compared to the consensus estimate of $12.34 billion. During the same period in the prior year, the company posted $0.54 EPS. The business's quarterly revenue was up 41.3% on a year-over-year basis. On average, equities research analysts forecast that World Kinect Corporation will post 3.58 EPS for the current fiscal year.
World Kinect Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 28th were paid a $0.23 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.6%. World Kinect's dividend payout ratio (DPR) is currently -30.98%.
Wall Street Analysts Forecast Growth
Several research firms have commented on WKC. Zacks Research lowered World Kinect from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Wall Street Zen downgraded World Kinect from a "buy" rating to a "hold" rating in a research report on Saturday. Morgan Stanley lifted their price target on World Kinect from $30.00 to $32.00 and gave the stock an "underweight" rating in a research note on Tuesday. Weiss Ratings reaffirmed a "sell (d)" rating on shares of World Kinect in a research note on Monday, October 26th. Finally, Bank of America reiterated an "underperform" rating on shares of World Kinect in a research report on Monday. One equities research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Strong Sell" and an average price target of $32.00.
Check Out Our Latest Research Report on WKC
Hedge Funds Weigh In On World Kinect
Several hedge funds and other institutional investors have recently modified their holdings of WKC. Cassaday & Co Wealth Management LLC acquired a new stake in World Kinect in the 1st quarter valued at about $37,000. IFP Advisors Inc boosted its holdings in shares of World Kinect by 858.9% during the 2nd quarter. IFP Advisors Inc now owns 1,774 shares of the company's stock worth $58,000 after purchasing an additional 1,589 shares during the last quarter. Transamerica Financial Advisors LLC acquired a new position in shares of World Kinect during the 2nd quarter worth approximately $73,000. Fulcrum Asset Management LLP boosted its holdings in shares of World Kinect by 22,620.0% during the 3rd quarter. Fulcrum Asset Management LLP now owns 2,272 shares of the company's stock worth $81,000 after purchasing an additional 2,262 shares during the last quarter. Finally, Nykredit A S purchased a new stake in shares of World Kinect in the second quarter valued at approximately $84,000. 97.06% of the stock is owned by hedge funds and other institutional investors.
About World Kinect
(
Get Free Report)
World Kinect Corporation (NYSE:WKC) is an energy management company that supplies, distributes and manages fuel and other energy products for commercial customers around the world. The company serves the aviation, marine and land transportation sectors, as well as commercial, industrial and government customers.
Its offerings include conventional and renewable fuels, natural gas, electricity, lubricants, fuel-management services and related environmental solutions. World Kinect also provides procurement, logistics, payment-processing and transaction-management services designed to help customers manage energy supply, costs and operational requirements.
The company was founded as World Fuel Services in 1985 and adopted the World Kinect name in 2024.
Featured 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].
