American Century Companies Inc. Grows Stock Position in World Kinect Corporation $WKC

American Century Companies Inc. increased its stake in shares of World Kinect Corporation (NYSE:WKC) by 64.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,042,766 shares of the company’s stock after purchasing an additional 407,225 shares during the quarter. American Century Companies Inc. owned 1.88% of World Kinect worth $27,060,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its position in World Kinect by 2.2% during the 1st quarter. Royal Bank of Canada now owns 68,228 shares of the company’s stock worth $1,934,000 after buying an additional 1,481 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of World Kinect by 16.5% in the first quarter. AQR Capital Management LLC now owns 119,198 shares of the company’s stock valued at $3,380,000 after acquiring an additional 16,874 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of World Kinect by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,972 shares of the company’s stock valued at $963,000 after acquiring an additional 1,497 shares in the last quarter. Millennium Management LLC increased its stake in shares of World Kinect by 3.3% during the first quarter. Millennium Management LLC now owns 525,697 shares of the company’s stock worth $14,909,000 after acquiring an additional 16,738 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of World Kinect by 18.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,791 shares of the company’s stock worth $6,262,000 after acquiring an additional 34,807 shares during the period. 97.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WKC. Morgan Stanley reduced their price objective on shares of World Kinect from $27.00 to $25.00 and set an “underweight” rating for the company in a research report on Tuesday, March 3rd. Zacks Research lowered World Kinect from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of World Kinect in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Strong Sell” and a consensus price target of $28.00.

World Kinect Stock Performance

NYSE:WKC opened at $24.46 on Monday. The firm’s fifty day simple moving average is $26.10 and its 200-day simple moving average is $25.52. The company has a quick ratio of 0.92, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. The stock has a market cap of $1.25 billion, a PE ratio of -2.21, a price-to-earnings-growth ratio of 0.64 and a beta of 1.14. World Kinect Corporation has a fifty-two week low of $22.70 and a fifty-two week high of $29.85.

World Kinect (NYSE:WKC) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.17). The company had revenue of $9.03 billion during the quarter, compared to analyst estimates of $9.41 billion. World Kinect had a negative net margin of 1.66% and a positive return on equity of 6.62%. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter last year, the business earned $0.62 EPS. World Kinect has set its FY 2026 guidance at 2.200-2.400 EPS. Analysts expect that World Kinect Corporation will post 2.56 earnings per share for the current fiscal year.

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.