Quantinno Capital Management LP Buys 23,889 Shares of World Kinect Corporation $WKC

Quantinno Capital Management LP increased its position in shares of World Kinect Corporation (NYSE:WKC) by 51.2% in the first quarter, HoldingsChannel reports. The firm owned 70,506 shares of the company’s stock after purchasing an additional 23,889 shares during the period. Quantinno Capital Management LP’s holdings in World Kinect were worth $1,627,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WKC. Millennium Management LLC grew its stake in shares of World Kinect by 373.8% during 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 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 raised its holdings in 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 acquiring an additional 452,462 shares in the last quarter. Pacer Advisors Inc. acquired a new position in World Kinect in the 4th quarter valued at about $9,427,000. Finally, Qube Research & Technologies Ltd raised its holdings in World Kinect by 119.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 702,367 shares of the company’s stock valued at $18,226,000 after acquiring an additional 382,340 shares in the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.

Insider Transactions at World Kinect

In other news, Director John L. Manley sold 10,000 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $39.88, for a total transaction of $398,800.00. Following the transaction, the director directly owned 54,116 shares in the company, valued at approximately $2,158,146.08. This represents a 15.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul H. Stebbins sold 33,445 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $39.93, for a total transaction of $1,335,458.85. Following the transaction, the director owned 58,878 shares in the company, valued at $2,350,998.54. The trade was a 36.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 118,445 shares of company stock worth $4,232,940. 3.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Morgan Stanley set a $30.00 price target on shares of World Kinect in a report on Wednesday, July 29th. Wall Street Zen raised shares of World Kinect from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Weiss Ratings cut shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. Finally, Zacks Research upgraded shares of World Kinect from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $30.00.

World Kinect Trading Up 0.2%

Shares of WKC opened at $36.91 on Thursday. World Kinect Corporation has a twelve month low of $22.21 and a twelve month high of $41.20. The company has a quick ratio of 0.91, a current ratio of 1.06 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.89 billion, a PE ratio of -11.50, a P/E/G ratio of 0.56 and a beta of 1.17. The business’s 50-day moving average price is $34.70 and its 200-day moving average price is $28.83.

World Kinect (NYSE:WKC) last released its quarterly earnings results on Thursday, July 23rd. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $13.59 billion during the quarter, compared to analyst estimates of $10.50 billion. During the same period in the previous year, the business earned $0.59 EPS. The business’s revenue for the quarter was up 50.3% on a year-over-year basis. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. On average, equities analysts forecast that World Kinect Corporation will post 3.6 EPS for the current fiscal year.

World Kinect Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from World Kinect’s previous quarterly dividend of $0.20. World Kinect’s payout ratio is currently -28.66%.

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.