World Kinect Corporation (NYSE:WKC – Get Free Report) Director Paul Stebbins sold 33,445 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $39.93, for a total value of $1,335,458.85. Following the completion of the sale, the director directly owned 58,878 shares in the company, valued at $2,350,998.54. This represents a 36.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
World Kinect Stock Performance
Shares of WKC opened at $39.82 on Friday. World Kinect Corporation has a 1 year low of $22.21 and a 1 year high of $41.20. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -12.41, a price-to-earnings-growth ratio of 0.61 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.91 and a current ratio of 1.06. The firm has a fifty day moving average of $33.33 and a 200-day moving average of $28.24.
World Kinect (NYSE:WKC – Get Free Report) last released its quarterly 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. World Kinect had a negative net margin of 0.43% and a positive return on equity of 11.24%. The business had revenue of $13.59 billion during the quarter, compared to analyst estimates of $10.50 billion. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The company’s quarterly revenue was up 50.3% on a year-over-year basis. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. As a group, equities analysts anticipate that World Kinect Corporation will post 3.6 earnings per share for the current year.
World Kinect Increases Dividend
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC acquired a new stake in shares of World Kinect during the first quarter valued at approximately $37,000. Aquatic Capital Management LLC purchased a new stake in shares of World Kinect in the 3rd quarter valued at approximately $61,000. Clearstead Advisors LLC boosted its stake in World Kinect by 108.8% in the 4th quarter. Clearstead Advisors LLC now owns 2,633 shares of the company’s stock worth $62,000 after purchasing an additional 1,372 shares during the period. Aster Capital Management DIFC Ltd boosted its stake in World Kinect by 977.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock worth $62,000 after purchasing an additional 2,386 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in World Kinect during the 2nd quarter worth approximately $96,000. 97.06% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Weiss Ratings lowered shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday. Zacks Research raised shares of World Kinect from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. Wall Street Zen upgraded shares of World Kinect from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Morgan Stanley set a $30.00 price objective on shares of World Kinect in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, World Kinect has an average rating of “Hold” and a consensus price target of $30.00.
Get Our Latest Research Report on WKC
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.
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