World Kinect (NYSE:WKC) Sets New 12-Month High – What’s Next?

World Kinect Corporation (NYSE:WKC)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $34.00 and last traded at $33.8050, with a volume of 500 shares traded. The stock had previously closed at $33.78.

Wall Street Analysts Forecast Growth

WKC has been the topic of a number of recent research reports. Wall Street Zen upgraded World Kinect from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research downgraded World Kinect from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Weiss Ratings raised World Kinect from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 29th. Finally, Morgan Stanley boosted their target price on shares of World Kinect from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $29.50.

World Kinect Stock Performance

The stock has a market cap of $1.81 billion, a P/E ratio of -3.45, a price-to-earnings-growth ratio of 0.70 and a beta of 1.19. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.65. The stock has a 50 day simple moving average of $30.39 and a 200 day simple moving average of $26.85.

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

World Kinect Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.92 annualized dividend and a yield of 2.6%. This is an increase from World Kinect’s previous quarterly dividend of $0.20. World Kinect’s payout ratio is -9.01%.

Insider Activity

In related news, Chairman Michael J. Kasbar sold 10,000 shares of World Kinect stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $33.38, for a total value of $333,800.00. Following the transaction, the chairman directly owned 1,011,450 shares of the company’s stock, valued at $33,762,201. This trade represents a 0.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul H. Stebbins sold 20,828 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $27.69, for a total transaction of $576,727.32. Following the transaction, the director owned 40,669 shares of the company’s stock, valued at approximately $1,126,124.61. This represents a 33.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 107,928 shares of company stock worth $3,107,065. Insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On World Kinect

Institutional investors have recently modified their holdings of the business. Cassaday & Co Wealth Management LLC acquired a new stake in World Kinect in the first quarter valued at about $37,000. Aquatic Capital Management LLC acquired a new position in World Kinect during the third quarter worth about $61,000. Clearstead Advisors LLC lifted 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 acquiring an additional 1,372 shares during the last quarter. Aster Capital Management DIFC Ltd lifted 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 acquiring an additional 2,386 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of World Kinect in the 2nd quarter valued at approximately $96,000. Institutional investors and hedge funds own 97.06% of the company’s stock.

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.