Dean Capital Management lessened its stake in shares of World Kinect Corporation (NYSE:WKC – Free Report) by 68.5% in the first quarter, Holdings Channel reports. The institutional investor owned 9,147 shares of the company’s stock after selling 19,880 shares during the period. Dean Capital Management’s holdings in World Kinect were worth $211,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC bought a new position in shares of World Kinect during the first quarter valued at $37,000. Aquatic Capital Management LLC bought a new position in shares of World Kinect in the third quarter worth approximately $61,000. Clearstead Advisors LLC grew its holdings in shares of World Kinect by 108.8% during the fourth quarter. Clearstead Advisors LLC now owns 2,633 shares of the company’s stock valued at $62,000 after buying an additional 1,372 shares during the last quarter. Aster Capital Management DIFC Ltd increased its position in shares of World Kinect by 977.9% during the fourth 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 in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in World Kinect in the 2nd quarter worth approximately $96,000. Hedge funds and other institutional investors own 97.06% of the company’s stock.
Key World Kinect News
Here are the key news stories impacting World Kinect this week:
- Positive Sentiment: World Kinect beat Q2 expectations with EPS of $1.29 versus the $0.75 consensus, while revenue came in at $13.59 billion, well above the $10.50 billion estimate. Revenue also grew 50.3% year over year, pointing to strong operating momentum. World Kinect (WKC) Beats Q2 Earnings and Revenue Estimates
- Positive Sentiment: The company raised FY 2026 EPS guidance to $3.20-$3.40, above the prior Street view of about $2.79, suggesting management sees continued earnings strength ahead. World Kinect quarterly earnings report
- Positive Sentiment: Following the earnings release, Zacks Research upgraded World Kinect from hold to strong-buy, reinforcing the bullish sentiment around the stock. Tickerreport.com
- Neutral Sentiment: Additional earnings-call transcripts and presentation materials were published, but they mainly provided more detail on the quarter rather than a new catalyst. World Kinect Corporation (WKC) Q2 2026 Earnings Call Transcript
World Kinect Price Performance
World Kinect (NYSE:WKC – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $0.75 by $0.54. The company had revenue of $13.59 billion during the quarter, compared to analyst estimates of $10.50 billion. World Kinect had a positive return on equity of 11.24% and a negative net margin of 0.43%.World Kinect’s revenue was up 50.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 earnings per share. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. On average, equities analysts anticipate that World Kinect Corporation will post 3.3 EPS for the current year.
World Kinect Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders 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 an increase from World Kinect’s previous quarterly dividend of $0.20. World Kinect’s dividend payout ratio is presently -9.01%.
Analysts Set New Price Targets
Several analysts have commented on the company. Wall Street Zen upgraded World Kinect from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Morgan Stanley boosted their price target on World Kinect from $26.00 to $28.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Zacks Research raised World Kinect from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of World Kinect from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.50.
View Our Latest Stock Analysis on World Kinect
Insider Buying and Selling at World Kinect
In other news, Chairman Michael J. Kasbar sold 25,000 shares of the stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $35.04, for a total value of $876,000.00. Following the transaction, the chairman owned 986,450 shares in the company, valued at $34,565,208. This represents a 2.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Michael John Kroll sold 2,100 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $27.30, for a total transaction of $57,330.00. Following the sale, the chief accounting officer directly owned 10,390 shares of the company’s stock, valued at approximately $283,647. The trade was a 16.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 109,275 shares of company stock worth $3,316,523 over the last 90 days. 3.80% of the stock is owned by company insiders.
World Kinect 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.
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