World Kinect Plunges 15.43% Amid Earnings Miss

On April 3, 2025, World Kinect experienced a significant drop of 15.43% in pre-market trading, reflecting a notable shift in investor sentiment towards the energy management company.

Several institutional investors have recently adjusted their holdings in World Kinect. Geode Capital Management LLC increased its stake by 1.6% in the third quarter, while WINTON GROUP Ltd reduced its holdings by 52.3% in the fourth quarter. Thrivent Financial for Lutherans also decreased its stake by 3.3% during the same period. Other notable changes include Hennessy Advisors Inc. acquiring a new position worth $50.7 million, Principal Financial Group Inc. increasing its stake by 4.4%, and Barclays PLC raising its holdings by 18.6%. Assenagon Asset Management S.A. also purchased a new stake worth approximately $2.055 million. Overall, hedge funds and other institutional investors own 97.06% of the company's stock.

Analysts have also weighed in on World Kinect's prospects. Stifel Nicolaus recently reduced its price target from $32.00 to $30.00 and maintained a "hold" rating. Currently, the stock has a consensus rating of "Hold" with a price target of $29.80. Two analysts have given a sell rating, two a hold rating, and one a buy rating.

In terms of insider transactions, CEO Michael J. Kasbar sold 21,507 shares on March 4th, reducing his position by 2.07%. The shares were sold at an average price of $28.96, totaling $622,842.72. Following the sale, Kasbar directly owns 1,019,063 shares valued at $29,512,064.48. Insiders collectively own 2.90% of the company's stock.

World Kinect recently reported its quarterly earnings, with earnings per share (EPS) of $0.62, surpassing analysts' estimates of $0.57. The company had a net margin of 0.16% and a return on equity of 6.43%. Revenue for the quarter was $9.76 billion, slightly below the consensus estimate of $10.57 billion. Analysts predict that World Kinect will post 2.56 earnings per share for the current fiscal year.

The company also announced a quarterly dividend of $0.17 per share, payable on April 16th to stockholders of record on March 31st. This represents an annualized dividend of $0.68 and a dividend yield of 2.40%. World Kinect's dividend payout ratio is currently 64.15%.