Jorge Benitez Buys Shares of World Kinect Corporation

Jorge Benitez recently acquired 6,427 shares of World Kinect Corporation (NYSE:WKC) on June 18, 2026. This insider purchase was not made under a prearranged trading plan. On Wednesday, shares of World Kinect traded at $31.68.

Other Institutional Activity in World Kinect Corporation

Several institutional investors have adjusted their positions in World Kinect Corporation. BlackRock, Inc. grew its holdings by 255,049 shares, ending with 8,725,125 shares worth about $201.3 million. Brandes Investment Partners, LP added 444,090 shares, bringing its total to 4,289,840 shares valued at approximately $98.97 million. State Street Corp increased its stake by 989,934 shares, now holding 4,010,221 shares valued at $93.31 million. Vanguard Portfolio Management LLC opened a new position with 3,874,412 shares valued at $89.38 million. Meanwhile, Dimensional Fund Advisors LP reduced its holdings by 592,236 shares, resulting in 3,239,321 shares worth about $74.73 million.

World Kinect Corporation Stock Down 10.6%

On Wednesday, World Kinect Corporation's stock traded at $31.68. The company, with a market capitalization of $1.63 billion, has a forward P/E ratio of 13.02 and a beta of 1.236. The stock's 52-week range is between $22.21 and $32.24. It has a 50-day moving average of $27.63 and a 200-day moving average of $25.74. The company's current ratio is 1.045, with a quick ratio of 0.713 and a debt-to-equity ratio of 65.91.

Recent Earnings

World Kinect Corporation reported a revenue of $37.15 billion with a growth rate of 2.5%. However, the company posted a negative net margin of 1.53% and a return on equity of -35.98%. The next earnings report is scheduled for July 30, 2026.

Dividend

World Kinect Corporation pays an annual dividend of $0.80 per share, yielding 2.57%. The dividend payout ratio stands at 219.35%.

Insider Buying and Selling at World Kinect Corporation

On June 18, 2026, several insiders at World Kinect Corporation made significant purchases. John Manley bought 7,231 shares, Jorge Benitez acquired 6,427 shares, Gregory Piper also purchased 6,427 shares, Paul Stebbins bought 6,106 shares, Ken Bakshi added 7,070 shares, and Sharda Cherwoo acquired 6,427 shares. These transactions were not conducted under prearranged trading plans.

Analysts Set New Price Targets

On May 5, 2026, Morgan Stanley maintained a 'sell' rating for World Kinect Corporation with a price target of $26. Raymond James reiterated a 'buy' rating on August 1, 2025, with a target of $33. The consensus among analysts is mixed, with a mean price target of $29.33 based on three opinions.

About World Kinect Corporation

World Kinect Corporation is an energy management company headquartered in Miami, Florida. It operates through three segments: Aviation, Land, and Marine, providing a range of fuel products and services. Under the leadership of CEO Michael J. Kasbar, the company manages energy needs across various industries worldwide, employing over 4,000 people.

Bottom Line

Jorge Benitez's recent purchase of World Kinect Corporation shares is a notable insider transaction. Investors often watch insider activity for potential signals about a company's future. It's important to remember that this information is based on past events and may not reflect current positions or future performance.