Quantinno Capital Management LP Increases Stock Holdings in World Kinect Corporation $WKC
by Teresa Graham · The Cerbat GemQuantinno Capital Management LP grew its holdings in World Kinect Corporation (NYSE:WKC – Free Report) by 51.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,506 shares of the company’s stock after purchasing an additional 23,889 shares during the quarter. Quantinno Capital Management LP owned 0.14% of World Kinect worth $1,627,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Cassaday & Co Wealth Management LLC purchased a new stake in World Kinect during the first quarter worth approximately $37,000. Aquatic Capital Management LLC purchased a new position in shares of World Kinect during the 3rd quarter worth approximately $61,000. Aster Capital Management DIFC Ltd lifted its stake 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 during the period. Clearstead Advisors LLC raised its holdings in World Kinect by 108.8% during the fourth quarter. Clearstead Advisors LLC now owns 2,633 shares of the company’s stock worth $62,000 after purchasing an additional 1,372 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of World Kinect in the second quarter valued at about $96,000. 97.06% of the stock is currently owned by institutional investors and hedge funds.
World Kinect Trading Up 0.2%
Shares of WKC stock opened at $36.91 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.06 and a debt-to-equity ratio of 0.58. The stock has a 50-day simple moving average of $34.70 and a 200 day simple moving average of $28.83. World Kinect Corporation has a fifty-two week low of $22.21 and a fifty-two week high of $41.20. The stock has a market capitalization of $1.89 billion, a P/E ratio of -11.50, a P/E/G ratio of 0.56 and a beta of 1.17.
World Kinect (NYSE:WKC – Get Free Report) last issued 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 firm had revenue of $13.59 billion during the quarter, compared to analysts’ expectations of $10.50 billion. World Kinect had a negative net margin of 0.43% and a positive return on equity of 11.24%. 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 firm posted $0.59 earnings per share. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. On average, sell-side analysts expect that World Kinect Corporation will post 3.6 earnings per share for the current fiscal year.
World Kinect Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.23 per share. This is an increase 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 2.5%. 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 news, Director Paul H. Stebbins sold 33,445 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $39.93, for a total transaction of $1,335,458.85. Following the transaction, the director owned 58,878 shares of the company’s stock, valued at approximately $2,350,998.54. This represents a 36.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John L. Manley sold 10,000 shares of the 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 of the company’s stock, valued at approximately $2,158,146.08. This trade represents a 15.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 118,445 shares of company stock valued at $4,232,940 over the last quarter. Company insiders own 3.80% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. Morgan Stanley set a $30.00 price target on World Kinect in a report on Wednesday, July 29th. Wall Street Zen raised shares of World Kinect from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Zacks Research upgraded World Kinect from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings cut shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $30.00.
Get Our Latest Analysis on World Kinect
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.
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