On October 30, 2024, Richard Kassar, a Director at World Kinect Corp (WKC, Financial), executed a sale of 20,000 shares of the company. The transaction was documented in an SEC Filing. Following this transaction, the insider now owns 57,087 shares of the company.
World Kinect Corp is engaged in providing energy management solutions and sustainability services. The company helps organizations manage energy procurement and consumption, reduce energy costs, and improve their environmental impact.
Over the past year, Richard Kassar has sold a total of 30,000 shares of World Kinect Corp and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 8 insider sells and no insider buys over the past year.
Shares of World Kinect Corp were priced at $26.1 on the day of the sale. The company's market cap is approximately $1.526 billion. The price-earnings ratio stands at 11.68, which is slightly above the industry median of 10.955.
The stock's valuation according to the GF Value is $24.45, leading to a price-to-GF-Value ratio of 1.07, indicating that the stock is Fairly Valued. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and stock valuation. The consistent insider selling over the past year could be a point of analysis for potential investors.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
