The Manufacturers Life Insurance Company Takes Position in World Kinect Corporation $WKC

The Manufacturers Life Insurance Company acquired a new position in World Kinect Corporation (NYSE:WKC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,789 shares of the company’s stock, valued at approximately $652,000.

Several other large investors have also modified their holdings of the company. Cassaday & Co Wealth Management LLC bought a new position in World Kinect in the 1st quarter worth $37,000. Aquatic Capital Management LLC bought a new stake in World Kinect during the third quarter valued at about $61,000. Aster Capital Management DIFC Ltd boosted its holdings in 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 during the period. Clearstead Advisors LLC grew its position in shares of World Kinect by 108.8% in the fourth quarter. Clearstead Advisors LLC now owns 2,633 shares of the company’s stock valued at $62,000 after purchasing an additional 1,372 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of World Kinect in the second quarter valued at about $96,000. 97.06% of the stock is owned by institutional investors.

World Kinect Stock Up 0.0%

Shares of WKC opened at $35.41 on Monday. 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 company has a 50-day simple moving average of $36.24 and a 200-day simple moving average of $29.90. World Kinect Corporation has a 52 week low of $22.21 and a 52 week high of $41.20. The firm has a market capitalization of $1.81 billion, a P/E ratio of -11.03, a P/E/G ratio of 0.54 and a beta of 1.16.

World Kinect (NYSE:WKC) last released its earnings results on Thursday, July 23rd. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.54. The business had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $10.50 billion. World Kinect had a positive return on equity of 11.24% and a negative net margin of 0.43%.The firm’s revenue for the quarter was up 50.3% compared to the same quarter last year. During the same period last year, the business earned $0.59 earnings per share. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. On average, equities research analysts expect that World Kinect Corporation will post 3.6 earnings per share for the current year.

World Kinect Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.23 per share. This is a boost from World Kinect’s previous quarterly dividend of $0.20. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, June 30th. World Kinect’s dividend payout ratio (DPR) is presently -28.66%.

Insider Transactions at World Kinect

In other World Kinect news, Chairman Michael J. 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 sale, the chairman owned 986,450 shares in the company, valued at $34,565,208. The trade was a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Manley sold 10,000 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $39.88, for a total transaction of $398,800.00. Following the completion of the sale, the director directly owned 54,116 shares in the company, valued at $2,158,146.08. This trade represents a 15.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 104,445 shares of company stock valued at $3,915,119. Company insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.