Deutsche Bank AG Acquires New Position in World Kinect Corporation $WKC

Deutsche Bank AG acquired a new stake in World Kinect Corporation (NYSE:WKC) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 55,945 shares of the company’s stock, valued at approximately $1,843,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of World Kinect by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 6,713,507 shares of the company’s stock valued at $157,297,000 after buying an additional 62,111 shares during the period. Brandes Investment Partners LP increased its stake 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 worth $90,106,000 after acquiring an additional 907,490 shares during the last quarter. Invesco Ltd. increased its stake in shares of World Kinect by 9.5% in the third quarter. Invesco Ltd. now owns 2,450,762 shares of the company’s stock worth $63,597,000 after acquiring an additional 213,145 shares during the last quarter. LSV Asset Management raised its holdings in shares of World Kinect by 11.4% during the fourth quarter. LSV Asset Management now owns 1,938,804 shares of the company’s stock worth $45,426,000 after acquiring an additional 198,076 shares in the last quarter. Finally, Millennium Management LLC boosted its position in 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. Hedge funds and other institutional investors own 97.06% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, Chairman Michael J. Kasbar sold 10,000 shares of World Kinect stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $39.41, for a total value of $394,100.00. Following the transaction, the chairman owned 976,450 shares of the company’s stock, valued at $38,481,894.50. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Manley sold 10,000 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $39.88, for a total transaction of $398,800.00. Following the completion of the sale, the director owned 54,116 shares of the company’s stock, valued at $2,158,146.08. The trade was a 15.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 124,445 shares of company stock worth $4,455,900 over the last ninety days. Company insiders own 3.80% of the company’s stock.

World Kinect Price Performance

NYSE WKC opened at $35.61 on Friday. World Kinect Corporation has a fifty-two week low of $22.21 and a fifty-two week high of $41.20. The stock’s 50-day moving average is $35.92 and its two-hundred day moving average is $29.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.06 and a quick ratio of 0.91. The firm has a market cap of $1.82 billion, a P/E ratio of -11.09, a price-to-earnings-growth ratio of 0.55 and a beta of 1.17.

World Kinect (NYSE:WKC) last released its quarterly earnings results on Thursday, July 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.54. The company 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 firm’s revenue was up 50.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 EPS. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. On average, analysts anticipate that World Kinect Corporation will post 3.6 earnings per share for the current fiscal year.

World Kinect Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, June 30th were issued a $0.23 dividend. This is an increase from World Kinect’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, June 30th. This represents a $0.92 annualized dividend and a yield of 2.6%. World Kinect’s dividend payout ratio is presently -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.