World Kinect (NYSE:WKC) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of World Kinect (NYSE:WKC) from a strong-buy rating to a buy rating in a report released on Saturday morning,Wall Street Zen reports.

Other analysts have also issued reports about the company. Zacks Research lowered World Kinect from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Weiss Ratings downgraded World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. Finally, Morgan Stanley set a $30.00 price objective on World Kinect in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Sell” and an average price target of $30.00.

World Kinect Price Performance

World Kinect stock opened at $36.13 on Friday. World Kinect has a 52 week low of $22.21 and a 52 week high of $41.20. The company’s 50 day moving average price is $36.04 and its two-hundred day moving average price is $32.03. The company has a quick ratio of 0.91, a current ratio of 1.06 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.85 billion, a P/E ratio of -11.25, a P/E/G ratio of 0.56 and a beta of 1.21.

World Kinect (NYSE:WKC) last announced its earnings results on Thursday, July 23rd. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.54. The firm had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $10.50 billion. World Kinect had a positive return on equity of 11.24% and a negative net margin of 0.43%. The company’s revenue was up 50.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 EPS. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. On average, equities analysts predict that World Kinect will post 3.60 earnings per share for the current year.

World Kinect Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Monday, September 28th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, September 28th. This represents a $0.92 annualized dividend and a yield of 2.5%. World Kinect’s dividend payout ratio is -28.66%.

Insider Buying and Selling at World Kinect

In other news, Director Paul H. Stebbins sold 33,445 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $39.93, for a total value of $1,335,458.85. Following the sale, the director owned 58,878 shares of the company’s stock, valued at $2,350,998.54. The trade was a 36.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Michael J. Kasbar sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $39.41, for a total transaction of $394,100.00. Following the completion of the sale, the chairman directly owned 976,450 shares in the company, valued at approximately $38,481,894.50. This trade represents a 1.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 79,445 shares of company stock worth $3,062,019 over the last ninety days. Company insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in World Kinect by 8.4% in the 3rd quarter. GAMMA Investing LLC now owns 6,036 shares of the company’s stock valued at $212,000 after buying an additional 468 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of World Kinect by 279.7% during the third quarter. Farther Finance Advisors LLC now owns 7,601 shares of the company’s stock worth $267,000 after acquiring an additional 5,599 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of World Kinect during the second quarter worth $207,000. Tidal Investments LLC lifted its position in shares of World Kinect by 1.2% during the second quarter. Tidal Investments LLC now owns 161,922 shares of the company’s stock worth $5,334,000 after acquiring an additional 1,908 shares in the last quarter. Finally, Engineers Gate Manager LP boosted its holdings in shares of World Kinect by 64.6% in the second quarter. Engineers Gate Manager LP now owns 116,078 shares of the company’s stock worth $3,824,000 after acquiring an additional 45,560 shares during the period. 97.06% of the stock is owned by institutional investors.

World Kinect Company Profile

World Kinect Corporation (NYSE:WKC) is an energy management company that supplies, distributes and manages fuel and other energy products for commercial, industrial and government customers. Its offerings include aviation fuel, marine fuel, land-based transportation fuels, natural gas, electricity, lubricants and renewable energy products.

The company provides services across the aviation, marine and land transportation markets, helping customers procure, deliver and manage energy through its global supply, logistics and technology capabilities.