On May 6, 2024, Director Ken Bakshi sold 10,936 shares of World Kinect Corp (WKC, Financial) as reported in a recent SEC Filing. The transaction occurred at a price of $24.07 per share.
World Kinect Corp is engaged in providing energy management solutions and sustainability services worldwide. The company helps organizations manage energy procurement, supply, and consumption more efficiently and sustainably.
Over the past year, the insider has sold a total of 10,936 shares and has not purchased any shares. This recent transaction follows a pattern observed in the company, where there have been 2 insider sells and 0 insider buys over the last year.
As of the date of the transaction, World Kinect Corp had a market cap of approximately $1.47 billion. The stock's price-earnings ratio stood at 26.45, which is above both the industry median of 11.17 and the company's historical median.
The GF Value of the stock was calculated at $25.19, indicating that the stock was Fairly Valued with a price-to-GF-Value ratio of 0.96 at the time of the insider's sale.
The GF Value is determined by considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider may provide investors with insights into the current valuation and future expectations for World Kinect Corp.
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.
