Pacer Advisors Inc. Has $7.25 Million Stock Holdings in World Kinect Corporation $WKC

Pacer Advisors Inc. lessened its stake in shares of World Kinect Corporation (NYSE:WKC) by 21.9% during the first quarter, Holdings Channel.com reports. The firm owned 314,170 shares of the company’s stock after selling 88,182 shares during the period. Pacer Advisors Inc.’s holdings in World Kinect were worth $7,248,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Villanova Investment Management Co LLC boosted its holdings in World Kinect by 0.4% during the 4th quarter. Villanova Investment Management Co LLC now owns 107,302 shares of the company’s stock worth $2,514,000 after acquiring an additional 434 shares during the last quarter. Hsbc Holdings PLC grew its position in World Kinect by 2.0% in the 1st quarter. Hsbc Holdings PLC now owns 25,390 shares of the company’s stock worth $586,000 after purchasing an additional 489 shares in the last quarter. Lido Advisors LLC increased its stake in World Kinect by 6.1% in the 4th quarter. Lido Advisors LLC now owns 10,504 shares of the company’s stock valued at $268,000 after buying an additional 608 shares during the last quarter. GF Fund Management CO. LTD. increased its stake in World Kinect by 5.0% in the 4th quarter. GF Fund Management CO. LTD. now owns 16,135 shares of the company’s stock valued at $378,000 after buying an additional 771 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of World Kinect by 1.4% during the 2nd quarter. California State Teachers Retirement System now owns 54,354 shares of the company’s stock worth $1,541,000 after buying an additional 775 shares in the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.

Insider Buying and Selling at World Kinect

In related news, Chairman Michael J. Kasbar sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $39.41, for a total transaction of $394,100.00. Following the sale, the chairman directly owned 976,450 shares in the company, valued at approximately $38,481,894.50. This represents a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard A. Kassar sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $26.97, for a total transaction of $269,700.00. Following the completion of the transaction, the director directly owned 53,812 shares of the company’s stock, valued at approximately $1,451,309.64. This trade represents a 15.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 128,445 shares of company stock valued at $4,502,640 in the last three months. 3.80% of the stock is owned by company insiders.

World Kinect Price Performance

World Kinect stock opened at $38.55 on Thursday. World Kinect Corporation has a 12 month low of $22.21 and a 12 month high of $41.20. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 0.58. The business’s 50 day simple moving average is $33.91 and its 200 day simple moving average is $28.48. The company has a market cap of $1.97 billion, a price-to-earnings ratio of -12.01, a PEG ratio of 0.60 and a beta of 1.17.

World Kinect (NYSE:WKC) last released its earnings results on Thursday, July 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.54. The business had revenue of $13.59 billion during 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 business’s revenue for the quarter was up 50.3% on a year-over-year basis. During the same period last year, the business posted $0.59 earnings per share. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. Sell-side analysts forecast that World Kinect Corporation will post 3.6 EPS for the current year.

World Kinect Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, June 30th were paid a $0.23 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 2.4%. This is an increase from World Kinect’s previous quarterly dividend of $0.20. World Kinect’s dividend payout ratio (DPR) is presently -28.66%.

Analyst Upgrades and Downgrades

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

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.