World Kinect (NYSE:WKC) Stock Rating Cut to “Hold” at Zacks Research

Zacks Research lowered shares of World Kinect (NYSE:WKC) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks reports.

Several other analysts have also commented on WKC. Weiss Ratings lowered World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. Wall Street Zen raised shares of World Kinect from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Morgan Stanley set a $30.00 price objective on World Kinect in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Sell” and an average price target of $30.00.

World Kinect Trading Up 2.0%

World Kinect stock opened at $35.93 on Monday. World Kinect has a 52 week low of $22.21 and a 52 week high of $41.20. The stock has a 50-day moving average price of $36.51 and a 200 day moving average price of $31.18. The company has a quick ratio of 0.91, a current ratio of 1.06 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of -11.19, a price-to-earnings-growth ratio of 0.54 and a beta of 1.16.

World Kinect (NYSE:WKC) last issued its earnings results on Thursday, July 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.54. The firm had revenue of $13.59 billion during the quarter, compared to analysts’ expectations of $10.50 billion. World Kinect had a negative net margin of 0.43% and a positive return on equity of 11.24%. The firm’s revenue was up 50.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 earnings per share. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. Sell-side analysts anticipate that World Kinect will post 3.6 EPS for the current year.

World Kinect Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, September 28th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, September 28th. World Kinect’s dividend payout ratio is currently -28.66%.

Insider Transactions at World Kinect

In other World Kinect news, Director Paul H. Stebbins sold 33,445 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $39.93, for a total value of $1,335,458.85. Following the sale, the director directly owned 58,878 shares of the company’s stock, valued at approximately $2,350,998.54. This represents a 36.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director John L. Manley sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $39.88, for a total transaction of $398,800.00. Following the completion of the sale, the director owned 54,116 shares in the company, valued at $2,158,146.08. The trade was a 15.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 104,445 shares of company stock worth $3,915,119 in the last 90 days. Insiders own 3.80% of the company’s stock.

Institutional Trading of World Kinect

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC purchased a new stake in World Kinect during the 2nd quarter worth about $207,000. Tidal Investments LLC increased its holdings in shares of World Kinect by 1.2% in the 2nd quarter. Tidal Investments LLC now owns 161,922 shares of the company’s stock valued at $5,334,000 after acquiring an additional 1,908 shares during the last quarter. Engineers Gate Manager LP increased its holdings in shares of World Kinect by 64.6% in the 2nd quarter. Engineers Gate Manager LP now owns 116,078 shares of the company’s stock valued at $3,824,000 after acquiring an additional 45,560 shares during the last quarter. Cidel Asset Management Inc. acquired a new stake in shares of World Kinect during the 2nd quarter worth about $265,000. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of World Kinect during the 2nd quarter worth about $303,000. 97.06% of the stock is currently owned by institutional investors and hedge funds.

World Kinect Company Profile

World Kinect Corporation (NYSE: WKC) is an energy management company that provides fuel, energy and related services to customers in the aviation, marine and land transportation industries. Its offerings include the sourcing, marketing, distribution and delivery of conventional and alternative fuels, as well as energy procurement and risk-management solutions.

The company serves commercial airlines, business and general aviation operators, shipping companies, trucking and transportation businesses, government entities, utilities and other commercial customers.