World Kinect (NYSE:WKC) Rating Lowered to Hold at Zacks Research

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

Other research analysts have also issued reports about the company. Weiss Ratings raised World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Wall Street Zen raised World Kinect from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Morgan Stanley upped their price target on 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, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $29.50.

World Kinect Stock Up 1.6%

Shares of World Kinect stock opened at $29.27 on Tuesday. The stock’s fifty day moving average is $25.92 and its 200-day moving average is $25.29. The firm has a market capitalization of $1.50 billion, a PE ratio of -2.87, a price-to-earnings-growth ratio of 0.59 and a beta of 1.22. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. World Kinect has a 12-month low of $22.21 and a 12-month high of $29.85.

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

Insider Transactions at World Kinect

In other news, Chairman Michael J. Kasbar sold 23,653 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $28.18, for a total transaction of $666,541.54. Following the completion of the sale, the chairman owned 1,062,797 shares in the company, valued at approximately $29,949,619.46. This represents a 2.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul H. Stebbins sold 20,828 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $27.69, for a total value of $576,727.32. Following the sale, the director owned 40,669 shares of the company’s stock, valued at approximately $1,126,124.61. This trade represents a 33.87% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 67,928 shares of company stock valued at $1,878,484. 3.80% of the stock is currently owned by company insiders.

Institutional Trading of World Kinect

Several hedge funds have recently added to or reduced their stakes in WKC. Hantz Financial Services Inc. grew its holdings in World Kinect by 282.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,286 shares of the company’s stock valued at $33,000 after buying an additional 950 shares during the last quarter. Clearstead Advisors LLC grew its holdings in World Kinect by 52.8% in the 3rd quarter. Clearstead Advisors LLC now owns 1,261 shares of the company’s stock valued at $33,000 after buying an additional 436 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in World Kinect in the 1st quarter valued at approximately $37,000. Aquatic Capital Management LLC acquired a new stake in World Kinect in the 3rd quarter valued at approximately $61,000. Finally, Aster Capital Management DIFC Ltd grew its holdings in World Kinect by 977.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock valued at $62,000 after buying an additional 2,386 shares during the last quarter. 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.