Analysts Set World Kinect Co. (NYSE:WKC) Target Price at $26.75

World Kinect Co. (NYSE:WKC) has received a consensus recommendation of “Hold” from the four research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $26.75.

WKC has been the subject of a number of research reports. Raymond James lifted their price objective on World Kinect from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, April 3rd. Bank of America lifted their target price on World Kinect from $23.00 to $26.00 and gave the company an “underperform” rating in a research report on Thursday, March 14th. Finally, JPMorgan Chase & Co. initiated coverage on shares of World Kinect in a research report on Wednesday, February 21st. They set a “neutral” rating and a $25.00 price target on the stock.

World Kinect Trading Down 1.4 %

NYSE WKC opened at $24.94 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.11 and a quick ratio of 0.95. The stock has a market capitalization of $1.49 billion, a P/E ratio of 29.69, a PEG ratio of 2.25 and a beta of 1.26. The firm’s 50-day moving average is $24.99 and its two-hundred day moving average is $22.68. World Kinect has a 12 month low of $17.69 and a 12 month high of $26.83.

World Kinect (NYSE:WKC) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.50 by $0.04. World Kinect had a net margin of 0.11% and a return on equity of 6.07%. The firm had revenue of $12 billion for the quarter, compared to analyst estimates of $12.23 billion. During the same period in the prior year, the business posted $0.54 EPS. On average, sell-side analysts anticipate that World Kinect will post 2.25 earnings per share for the current year.

World Kinect Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Monday, March 25th will be given a $0.17 dividend. The ex-dividend date is Friday, March 22nd. This represents a $0.68 dividend on an annualized basis and a yield of 2.73%. This is a positive change from World Kinect’s previous quarterly dividend of $0.14. World Kinect’s dividend payout ratio (DPR) is currently 80.95%.

Insider Transactions at World Kinect

In related news, Director Paul H. Stebbins sold 20,000 shares of World Kinect stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $24.37, for a total value of $487,400.00. Following the completion of the transaction, the director now owns 75,375 shares in the company, valued at $1,836,888.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new position in shares of World Kinect in the 4th quarter valued at $29,000. Rockefeller Capital Management L.P. grew its holdings in shares of World Kinect by 1,982.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,395 shares of the company’s stock worth $38,000 after purchasing an additional 1,328 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of World Kinect during the fourth quarter worth about $32,000. Allworth Financial LP purchased a new stake in shares of World Kinect in the 4th quarter valued at about $35,000. Finally, Quarry LP boosted its position in shares of World Kinect by 154.9% in the 1st quarter. Quarry LP now owns 1,550 shares of the company’s stock valued at $40,000 after purchasing an additional 942 shares during the period. Hedge funds and other institutional investors own 97.06% of the company’s stock.

World Kinect Company Profile

World Kinect Corporation operates as an energy management company in the United States, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. This segment also offers fuel management, price risk management, ground handling, dispatch services, and trip planning services, such as flight planning and scheduling, weather reports and overflight permits; payment and processing services; and operates a web-based marketplace platform.