World Kinect (NYSE:WKC) Reaches New 52-Week High – Should You Buy?

World Kinect Corporation (NYSE:WKC)’s stock price hit a new 52-week high on Friday . The company traded as high as $29.92 and last traded at $29.8260, with a volume of 135508 shares traded. The stock had previously closed at $29.73.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WKC. Wall Street Zen raised shares of World Kinect from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Morgan Stanley upped their price target on shares of World Kinect from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 5th. Zacks Research lowered shares of World Kinect from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Finally, Weiss Ratings raised shares of World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, World Kinect currently has a consensus rating of “Reduce” and an average target price of $29.50.

World Kinect Stock Up 0.4%

The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 0.87. The stock has a market capitalization of $1.53 billion, a P/E ratio of -2.92, a PEG ratio of 0.61 and a beta of 1.22. The stock’s fifty day moving average is $26.19 and its two-hundred day moving average is $25.35.

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

World Kinect Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Monday, March 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, March 30th. World Kinect’s dividend payout ratio is -7.84%.

Insider Buying and Selling

In related news, CAO Michael John Kroll sold 2,100 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $27.30, for a total value of $57,330.00. Following the completion of the sale, the chief accounting officer owned 10,390 shares in the company, valued at approximately $283,647. This represents a 16.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Michael J. Kasbar sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $29.15, for a total transaction of $291,500.00. Following the completion of the sale, the chairman owned 1,041,450 shares of the company’s stock, valued at approximately $30,358,267.50. This trade represents a 0.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 77,928 shares of company stock worth $2,169,984 over the last quarter. 3.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On World Kinect

Hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its position in shares of 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 acquiring an additional 950 shares in the last quarter. Clearstead Advisors LLC increased its stake 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 period. Cassaday & Co Wealth Management LLC acquired a new position in World Kinect in the 1st quarter valued at approximately $37,000. Aquatic Capital Management LLC acquired a new position in World Kinect in the 3rd quarter valued at approximately $61,000. Finally, Aster Capital Management DIFC Ltd increased its stake 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 period. 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.