World Kinect (NYSE:WKC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of World Kinect (NYSE:WKC) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.

Several other equities analysts have also recently issued reports on WKC. Weiss Ratings cut shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. Zacks Research raised shares of World Kinect from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Finally, Morgan Stanley set a $30.00 price objective on shares of World Kinect in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.00.

World Kinect Stock Down 2.0%

Shares of WKC stock opened at $39.06 on Friday. World Kinect has a twelve month low of $22.21 and a twelve month high of $41.20. The stock has a market cap of $2.00 billion, a P/E ratio of -12.17, a P/E/G ratio of 0.61 and a beta of 1.17. The stock has a 50 day moving average of $33.52 and a 200 day moving average of $28.33. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 0.58.

World Kinect (NYSE:WKC) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $0.75 by $0.54. The business had revenue of $13.59 billion for the quarter, compared to analyst estimates of $10.50 billion. World Kinect had a positive return on equity of 11.24% and a negative net margin of 0.43%.The business’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. As a group, sell-side analysts expect that World Kinect will post 3.6 EPS for the current year.

World Kinect Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This is an increase from World Kinect’s previous quarterly dividend of $0.20. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.4%. World Kinect’s payout ratio is currently -28.66%.

Insider Transactions at World Kinect

In related news, Director John L. Manley sold 10,000 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $39.88, for a total value of $398,800.00. Following the completion of the transaction, the director directly owned 54,116 shares of the company’s stock, valued at approximately $2,158,146.08. This represents a 15.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard A. Kassar sold 10,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $26.97, for a total value of $269,700.00. Following the completion of the transaction, the director directly owned 53,812 shares of the company’s stock, valued at approximately $1,451,309.64. This represents a 15.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 118,445 shares of company stock worth $4,108,540. 3.80% of the stock is owned by insiders.

Institutional Investors Weigh In On World Kinect

A number of large investors have recently modified their holdings of the business. Cassaday & Co Wealth Management LLC purchased a new position in shares of World Kinect in the first quarter worth 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 grew its stake in World Kinect by 108.8% during the 4th quarter. Clearstead Advisors LLC now owns 2,633 shares of the company’s stock valued at $62,000 after acquiring an additional 1,372 shares in the last quarter. Aster Capital Management DIFC Ltd grew its stake in World Kinect by 977.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock valued at $62,000 after acquiring an additional 2,386 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in World Kinect in the 2nd quarter valued at about $96,000. Hedge funds and other institutional investors 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.