Insider Selling: World Kinect (NYSE:WKC) Chairman Sells 700 Shares of Stock

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 700 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $30.00, for a total value of $21,000.00. Following the sale, the chairman owned 1,040,750 shares in the company, valued at approximately $31,222,500. The trade was a 0.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

World Kinect Stock Performance

World Kinect stock traded up $1.03 during trading hours on Tuesday, hitting $31.18. 944,073 shares of the stock traded hands, compared to its average volume of 851,544. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 0.87. The firm’s 50 day moving average price is $26.32 and its 200-day moving average price is $25.41. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -3.05, a P/E/G ratio of 0.61 and a beta of 1.23. World Kinect Corporation has a 1 year low of $22.21 and a 1 year high of $31.21.

World Kinect (NYSE:WKC) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.44. The business had revenue of $9.69 billion for the quarter, compared to the consensus estimate of $9.29 billion. World Kinect had a positive return on equity of 8.27% and a negative net margin of 1.53%.The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 EPS. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. As a group, equities analysts expect that World Kinect Corporation will post 2.79 EPS for the current fiscal year.

World Kinect Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Monday, March 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, March 30th. World Kinect’s payout ratio is -7.84%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on WKC shares. Zacks Research cut World Kinect from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Wall Street Zen raised World Kinect from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings raised World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. Finally, Morgan Stanley boosted their price objective on World Kinect from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $29.50.

Institutional Investors Weigh In On World Kinect

Several large investors have recently bought and sold shares of WKC. Hantz Financial Services Inc. increased its stake in World Kinect by 282.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,286 shares of the company’s stock worth $33,000 after buying an additional 950 shares in the last quarter. Clearstead Advisors LLC grew its position in shares of World Kinect by 52.8% in the third quarter. Clearstead Advisors LLC now owns 1,261 shares of the company’s stock valued at $33,000 after purchasing an additional 436 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of World Kinect in the first quarter valued at approximately $37,000. Aquatic Capital Management LLC purchased a new stake in shares of World Kinect in the third quarter valued at approximately $61,000. Finally, Aster Capital Management DIFC Ltd grew its position in shares of World Kinect by 977.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock valued at $62,000 after purchasing an additional 2,386 shares in the last quarter. 97.06% of the stock is currently owned by hedge funds and other institutional investors.

About World Kinect

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.