World Kinect Corporation (NYSE:WKC – Get Free Report) Chairman Michael Kasbar sold 25,000 shares of World Kinect stock in a transaction on Friday, July 10th. The shares were sold at an average price of $35.04, for a total transaction of $876,000.00. Following the completion of the sale, the chairman directly owned 986,450 shares in the company, valued at $34,565,208. This represents a 2.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
World Kinect Stock Performance
NYSE:WKC opened at $36.44 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.87 and a current ratio of 1.05. The company has a fifty day moving average of $30.75 and a two-hundred day moving average of $27.06. The stock has a market capitalization of $1.87 billion, a PE ratio of -3.57, a P/E/G ratio of 0.73 and a beta of 1.19. World Kinect Corporation has a fifty-two week low of $22.21 and a fifty-two week high of $36.89.
World Kinect (NYSE:WKC – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.44. The business had revenue of $9.69 billion for the quarter, compared to the consensus estimate of $9.29 billion. World Kinect had a negative net margin of 1.53% and a positive return on equity of 8.27%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. As a group, research analysts forecast that World Kinect Corporation will post 2.79 earnings per share for the current fiscal year.
World Kinect Increases Dividend
Hedge Funds Weigh In On World Kinect
Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in World Kinect by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 6,713,507 shares of the company’s stock valued at $157,297,000 after buying an additional 62,111 shares in the last quarter. Brandes Investment Partners LP boosted its position in shares of World Kinect by 30.9% during the 4th quarter. Brandes Investment Partners LP now owns 3,845,750 shares of the company’s stock valued at $90,106,000 after acquiring an additional 907,490 shares during the last quarter. Invesco Ltd. grew its holdings in shares of World Kinect by 9.5% in the third quarter. Invesco Ltd. now owns 2,450,762 shares of the company’s stock valued at $63,597,000 after purchasing an additional 213,145 shares during the period. LSV Asset Management grew its holdings in shares of World Kinect by 11.4% in the fourth quarter. LSV Asset Management now owns 1,938,804 shares of the company’s stock valued at $45,426,000 after purchasing an additional 198,076 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of World Kinect by 373.8% in the third quarter. Millennium Management LLC now owns 1,602,996 shares of the company’s stock valued at $41,598,000 after purchasing an additional 1,264,684 shares during the period. Hedge funds and other institutional investors own 97.06% of the company’s stock.
Analyst Upgrades and Downgrades
WKC has been the subject of several research reports. Zacks Research lowered World Kinect from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Weiss Ratings raised World Kinect from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 29th. Morgan Stanley boosted their price target on World Kinect from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen raised World Kinect from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $29.50.
Check Out Our Latest Stock Report on World Kinect
World Kinect Company Profile
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.
Featured Stories
- Five stocks we like better than World Kinect
- Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet
- 3 Overlooked Energy ETFs Delivering Strong Returns and Income
- 3 Space Stocks That Could Outshine SpaceX After Its IPO
- JPMorgan’s Q2 Strength Gives the Stock Rally New Support
Receive News & Ratings for World Kinect Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Kinect and related companies with MarketBeat.com's FREE daily email newsletter.
