World Kinect (NYSE:WKC) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of World Kinect (NYSE:WKCFree Report) from a buy rating to a strong-buy rating in a report released on Saturday.

WKC has been the subject of a number of other research reports. Zacks Research raised shares of World Kinect from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Morgan Stanley set a $30.00 target price on shares of World Kinect in a research note on Wednesday. Finally, Weiss Ratings lowered shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $30.00.

View Our Latest Report on World Kinect

World Kinect Stock Up 0.2%

Shares of NYSE:WKC opened at $39.82 on Friday. 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 business has a fifty day moving average of $33.33 and a two-hundred day moving average of $28.24. The stock has a market cap of $2.04 billion, a P/E ratio of -12.41, a PEG ratio of 0.61 and a beta of 1.19. World Kinect has a 52-week low of $22.21 and a 52-week high of $41.20.

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

World Kinect Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th were paid a $0.23 dividend. This is a boost from World Kinect’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 2.3%. World Kinect’s dividend payout ratio is currently -28.66%.

Insider Buying and Selling at World Kinect

In related news, Chairman Michael J. Kasbar sold 25,000 shares of the business’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $35.04, for a total value of $876,000.00. Following the sale, the chairman directly owned 986,450 shares in the company, valued at approximately $34,565,208. The trade was a 2.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Michael John Kroll sold 2,100 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $27.30, for a total transaction of $57,330.00. Following the completion of the transaction, the chief accounting officer directly owned 10,390 shares in the company, valued at $283,647. The trade was a 16.81% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 151,873 shares of company stock worth $5,027,447. Insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On World Kinect

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cassaday & Co Wealth Management LLC purchased a new position in shares of World Kinect during the 1st quarter worth approximately $37,000. Aquatic Capital Management LLC acquired a new stake in World Kinect in the 3rd quarter valued at approximately $61,000. Clearstead Advisors LLC raised its position in World Kinect by 108.8% in the fourth quarter. Clearstead Advisors LLC now owns 2,633 shares of the company’s stock valued at $62,000 after purchasing an additional 1,372 shares during the period. Aster Capital Management DIFC Ltd raised its position in World Kinect by 977.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock valued at $62,000 after purchasing an additional 2,386 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in World Kinect during the second quarter worth $96,000. 97.06% of the stock is owned by hedge funds and other institutional investors.

About World Kinect

(Get Free Report)

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.

Further Reading

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