World Kinect (NYSE:WKC) Stock Bumped Down to “Hold” by Zacks Research

World Kinect (NYSE:WKC) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.

WKC has been the topic of several other reports. Wall Street Zen raised shares of World Kinect from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings downgraded shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. Finally, Morgan Stanley set a $30.00 price target on shares of World Kinect in a research 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, World Kinect currently has a consensus rating of “Sell” and a consensus target price of $30.00.

World Kinect Stock Performance

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

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

Insider Activity at World Kinect

In other World Kinect news, EVP Jose-Miguel Tejada sold 6,000 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $37.16, for a total transaction of $222,960.00. Following the sale, the executive vice president owned 35,676 shares of the company’s stock, valued at approximately $1,325,720.16. The trade was a 14.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John L. Manley sold 10,000 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $39.88, for a total value of $398,800.00. Following the completion of the transaction, the director owned 54,116 shares of the company’s stock, valued at $2,158,146.08. The trade was a 15.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 104,445 shares of company stock valued at $3,915,119. Company insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WKC. Cassaday & Co Wealth Management LLC acquired a new stake in World Kinect in the first quarter valued at $37,000. IFP Advisors Inc lifted its holdings in World Kinect by 858.9% during the 2nd quarter. IFP Advisors Inc now owns 1,774 shares of the company’s stock worth $58,000 after buying an additional 1,589 shares during the period. Clearstead Advisors LLC grew its position in shares of World Kinect by 108.8% in the 4th quarter. Clearstead Advisors LLC now owns 2,633 shares of the company’s stock valued at $62,000 after buying an additional 1,372 shares during the last quarter. Transamerica Financial Advisors LLC acquired a new stake in shares of World Kinect in the second quarter valued at about $73,000. Finally, Nykredit A S acquired a new stake in shares of World Kinect in the second quarter valued at about $84,000. Institutional investors own 97.06% of the company’s stock.

About World Kinect

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.