Insider Selling: World Kinect (NYSE:WKC) Director Sells 5,000 Shares of Company Stock

World Kinect Corporation (NYSE:WKC) Director Jorge Benitez sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $37.98, for a total value of $189,900.00. Following the completion of the transaction, the director owned 63,924 shares of the company’s stock, valued at $2,427,833.52. This trade represents a 7.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

World Kinect Trading Down 2.8%

Shares of World Kinect stock traded down $1.01 during trading hours on Friday, hitting $35.63. The company’s stock had a trading volume of 835,044 shares, compared to its average volume of 988,248. The business has a fifty day moving average of $36.08 and a 200 day moving average of $30.97. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.53. World Kinect Corporation has a 1-year low of $22.21 and a 1-year high of $41.20. The company has a market capitalization of $1.82 billion, a PE ratio of -12.00, a P/E/G ratio of 0.59 and a beta of 1.29.

World Kinect (NYSE:WKC) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. World Kinect had a negative net margin of 0.37% and a positive return on equity of 13.63%. The business had revenue of $13.27 billion during the quarter, compared to the consensus estimate of $12.34 billion. During the same quarter last year, the company earned $0.54 earnings per share. The business’s quarterly revenue was up 41.3% compared to the same quarter last year. As a group, equities analysts forecast that World Kinect Corporation will post 3.58 EPS for the current year.

World Kinect Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, September 28th were issued a dividend of $0.23 per share. The ex-dividend date was Monday, September 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.6%. World Kinect’s payout ratio is currently -30.98%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Zacks Research downgraded World Kinect from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Bank of America restated an “underperform” rating on shares of World Kinect in a research note on Monday. Weiss Ratings reissued a “sell (d)” rating on shares of World Kinect in a report on Monday, October 26th. Morgan Stanley raised their price objective on shares of World Kinect from $30.00 to $32.00 and gave the stock an “underweight” rating in a report on Tuesday. Finally, Wall Street Zen lowered shares of World Kinect from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 10th. One research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and an average price target of $32.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership increased its stake in World Kinect by 235.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 644,941 shares of the company’s stock valued at $14,879,000 after purchasing an additional 452,462 shares in the last quarter. Man Group plc acquired a new position in shares of World Kinect during the second quarter valued at approximately $10,379,000. Bank of New York Mellon Corp purchased a new stake in shares of World Kinect during the second quarter worth $10,224,000. Counterpoint Mutual Funds LLC raised its holdings in shares of World Kinect by 2,505.9% during the 3rd quarter. Counterpoint Mutual Funds LLC now owns 295,747 shares of the company’s stock worth $10,398,000 after acquiring an additional 284,398 shares during the period. Finally, Empowered Funds LLC acquired a new stake in World Kinect during the second quarter worth $7,867,000. Institutional investors own 97.06% of the company’s stock.

World Kinect Company Profile

World Kinect Corporation (NYSE:WKC) is an energy management company that supplies, distributes and manages fuel and other energy products for commercial customers around the world. The company serves the aviation, marine and land transportation sectors, as well as commercial, industrial and government customers.

Its offerings include conventional and renewable fuels, natural gas, electricity, lubricants, fuel-management services and related environmental solutions. World Kinect also provides procurement, logistics, payment-processing and transaction-management services designed to help customers manage energy supply, costs and operational requirements.

The company was founded as World Fuel Services in 1985 and adopted the World Kinect name in 2024.