World Kinect (NYSE:WKC) Lowered to “Hold” Rating by Zacks Research

Zacks Research lowered shares of World Kinect (NYSE:WKC) from a strong-buy rating to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

Several other equities research analysts have also recently weighed in on WKC. Wall Street Zen upgraded shares of World Kinect from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Morgan Stanley boosted their price target on shares of World Kinect from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, World Kinect has an average rating of “Reduce” and an average price target of $29.50.

World Kinect Trading Up 1.6%

World Kinect stock opened at $29.27 on Tuesday. The stock has a market cap of $1.50 billion, a P/E ratio of -2.87, a PEG ratio of 0.59 and a beta of 1.22. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 0.87. World Kinect has a 1 year low of $22.21 and a 1 year high of $29.85. The firm’s 50 day moving average price is $25.92 and its 200-day moving average price is $25.29.

World Kinect (NYSE:WKC) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.44. The firm had revenue of $9.69 billion for the quarter, compared to analysts’ expectations of $9.29 billion. World Kinect had a negative net margin of 1.53% and a positive return on equity of 8.27%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 earnings per share. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. On average, equities analysts predict that World Kinect will post 2.79 earnings per share for the current fiscal year.

World Kinect Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Monday, March 30th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, March 30th. World Kinect’s payout ratio is currently -7.84%.

Insider Activity at World Kinect

In other news, Director Richard A. Kassar sold 10,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $26.97, for a total transaction of $269,700.00. Following the completion of the sale, the director directly owned 53,812 shares of the company’s stock, valued at approximately $1,451,309.64. The trade was a 15.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michael John Kroll sold 2,100 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $27.30, for a total transaction of $57,330.00. Following the sale, the chief accounting officer directly owned 10,390 shares of the company’s stock, valued at $283,647. This represents a 16.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 67,928 shares of company stock valued at $1,878,484 over the last ninety days. Company insiders own 3.80% of the company’s stock.

Institutional Trading of World Kinect

A number of large investors have recently made changes to their positions in the stock. Edgestream Partners L.P. boosted its stake in shares of World Kinect by 2.9% during the first quarter. Edgestream Partners L.P. now owns 120,060 shares of the company’s stock valued at $2,770,000 after purchasing an additional 3,398 shares during the period. Amundi boosted its stake in shares of World Kinect by 87.4% during the first quarter. Amundi now owns 24,394 shares of the company’s stock valued at $563,000 after purchasing an additional 11,378 shares during the period. California State Teachers Retirement System boosted its stake in shares of World Kinect by 36.2% during the first quarter. California State Teachers Retirement System now owns 73,864 shares of the company’s stock valued at $1,704,000 after purchasing an additional 19,622 shares during the period. Royal Bank of Canada boosted its stake in shares of World Kinect by 30.4% during the first quarter. Royal Bank of Canada now owns 328,662 shares of the company’s stock valued at $7,583,000 after purchasing an additional 76,657 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in shares of World Kinect by 51.2% during the first quarter. Quantinno Capital Management LP now owns 70,506 shares of the company’s stock valued at $1,627,000 after purchasing an additional 23,889 shares during the period. 97.06% of the stock is owned by hedge funds and other institutional investors.

World Kinect Company Profile

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.