World Kinect Corporation (NYSE:WKC – Get Free Report) EVP Jose-Miguel Tejada sold 6,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were 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 owned 35,676 shares in the company, valued at $1,325,720.16. This trade represents a 14.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
World Kinect Stock Down 1.2%
Shares of World Kinect stock traded down $0.45 during midday trading on Monday, reaching $35.66. 877,014 shares of the company’s stock traded hands, compared to its average volume of 979,602. The company has a market cap of $1.82 billion, a price-to-earnings ratio of -11.11, a price-to-earnings-growth ratio of 0.55 and a beta of 1.17. The company’s 50 day simple moving average is $34.98 and its 200 day simple moving average is $28.98. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.91 and a current ratio of 1.06. World Kinect Corporation has a 52 week low of $22.21 and a 52 week high of $41.20.
World Kinect (NYSE:WKC – Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $1.29 earnings per share 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 positive return on equity of 11.24% and a negative net margin of 0.43%.The company’s revenue for the quarter was up 50.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 EPS. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. Equities analysts expect that World Kinect Corporation will post 3.6 earnings per share for the current fiscal year.
World Kinect Increases Dividend
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. Zacks Research upgraded shares of World Kinect from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. Weiss Ratings cut shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. Wall Street Zen raised shares of World Kinect from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Finally, Morgan Stanley set a $30.00 target price on shares of World Kinect in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $30.00.
Read Our Latest Research Report on WKC
Institutional Trading of World Kinect
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC increased its holdings in World Kinect by 373.8% during the 3rd quarter. Millennium Management LLC now owns 1,602,996 shares of the company’s stock worth $41,598,000 after purchasing an additional 1,264,684 shares in the last quarter. Brandes Investment Partners LP lifted its holdings in shares of World Kinect by 30.9% in the fourth quarter. Brandes Investment Partners LP now owns 3,845,750 shares of the company’s stock valued at $90,106,000 after purchasing an additional 907,490 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of World Kinect by 235.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 644,941 shares of the company’s stock worth $14,879,000 after buying an additional 452,462 shares during the period. Pacer Advisors Inc. acquired a new position in shares of World Kinect during the fourth quarter worth about $9,427,000. Finally, Qube Research & Technologies Ltd grew its holdings in shares of World Kinect by 119.5% during the third quarter. Qube Research & Technologies Ltd now owns 702,367 shares of the company’s stock worth $18,226,000 after buying an additional 382,340 shares in the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.
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 Articles
- Five stocks we like better than World Kinect
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
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.
