World Kinect (NYSE:WKC) Stock Rating Upgraded by Zacks Research

World Kinect (NYSE:WKCGet Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Weiss Ratings raised World Kinect from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 29th. Wall Street Zen upgraded World Kinect from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Morgan Stanley lifted their price target on World Kinect from $26.00 to $28.00 and gave the stock an “underweight” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, World Kinect has a consensus rating of “Moderate Buy” and an average target price of $30.50.

Get Our Latest Research Report on World Kinect

World Kinect Price Performance

WKC stock opened at $36.39 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.87 and a current ratio of 1.05. The firm has a 50 day moving average price of $32.04 and a 200-day moving average price of $27.69. World Kinect has a 52-week low of $22.21 and a 52-week high of $37.88. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -3.56, a PEG ratio of 0.72 and a beta of 1.19.

World Kinect (NYSE:WKCGet Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.54. World Kinect had a positive return on equity of 8.27% and a negative net margin of 1.53%.The company had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $10.50 billion. During the same quarter in the prior year, the business posted $0.59 EPS. The firm’s quarterly revenue was up 50.3% compared to the same quarter last year. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. Equities research analysts forecast that World Kinect will post 2.89 EPS for the current fiscal year.

Insider Activity at World Kinect

In other news, Director Richard A. Kassar sold 10,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $26.97, for a total transaction of $269,700.00. Following the transaction, the director directly owned 53,812 shares of the company’s stock, valued at $1,451,309.64. This represents a 15.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul H. Stebbins sold 20,828 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $27.69, for a total value of $576,727.32. Following the completion of the transaction, the director owned 40,669 shares in the company, valued at approximately $1,126,124.61. This trade represents a 33.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 109,275 shares of company stock valued at $3,316,523 in the last quarter. 3.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC purchased a new stake in shares of World Kinect during the 1st quarter valued at about $37,000. Aquatic Capital Management LLC bought a new position in shares of World Kinect in the 3rd quarter worth approximately $61,000. Clearstead Advisors LLC boosted its holdings in shares of World Kinect by 108.8% in the fourth quarter. Clearstead Advisors LLC now owns 2,633 shares of the company’s stock worth $62,000 after buying an additional 1,372 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its holdings in shares of World Kinect by 977.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock worth $62,000 after buying an additional 2,386 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in World Kinect during the second quarter valued at approximately $96,000. 97.06% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting World Kinect

Here are the key news stories impacting World Kinect this week:

About World Kinect

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for World Kinect Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Kinect and related companies with MarketBeat.com's FREE daily email newsletter.