World Kinect (NYSE:WKC) Rating Lowered to Hold at Zacks Research

World Kinect (NYSE:WKC) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

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

World Kinect Stock Performance

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

World Kinect (NYSE:WKC) last issued 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 during the quarter, compared to the consensus estimate of $9.29 billion. World Kinect had a positive return on equity of 8.27% and a negative net margin of 1.53%.The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. On average, equities analysts forecast that World Kinect will post 2.79 earnings per share for the current fiscal year.

Insider Transactions at World Kinect

In other World Kinect news, Chairman Michael J. Kasbar sold 10,000 shares of World Kinect stock in a transaction on Monday, May 4th. The shares were sold at an average price of $27.11, for a total value of $271,100.00. Following the sale, the chairman directly owned 1,051,950 shares in the company, valued at approximately $28,518,364.50. The trade was a 0.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Michael John Kroll sold 2,100 shares of World Kinect 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 completion of the sale, the chief accounting officer owned 10,390 shares in the company, valued at $283,647. The trade was a 16.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 67,928 shares of company stock valued at $1,878,484. 3.80% of the stock is currently owned by company insiders.

Institutional Trading of World Kinect

Institutional investors and hedge funds have recently bought and sold shares of the stock. Villanova Investment Management Co LLC raised its stake in World Kinect by 0.4% in the fourth quarter. Villanova Investment Management Co LLC now owns 107,302 shares of the company’s stock valued at $2,514,000 after buying an additional 434 shares during the period. Clearstead Advisors LLC raised its stake in World Kinect by 52.8% in the third quarter. Clearstead Advisors LLC now owns 1,261 shares of the company’s stock valued at $33,000 after buying an additional 436 shares during the period. Hsbc Holdings PLC grew its position in shares of World Kinect by 2.0% in the first quarter. Hsbc Holdings PLC now owns 25,390 shares of the company’s stock valued at $586,000 after purchasing an additional 489 shares during the last quarter. Johnson Investment Counsel Inc. grew its position in shares of World Kinect by 0.5% in the third quarter. Johnson Investment Counsel Inc. now owns 110,836 shares of the company’s stock valued at $2,876,000 after purchasing an additional 502 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of World Kinect by 8.5% in the third quarter. PNC Financial Services Group Inc. now owns 6,397 shares of the company’s stock valued at $166,000 after purchasing an additional 503 shares during the last quarter. Institutional investors own 97.06% of the company’s stock.

About World Kinect

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.