World Kinect (NYSE:WKC) Rating Lowered to “Strong Sell” at Zacks Research

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

Separately, Weiss Ratings restated a “sell (d)” rating on shares of World Kinect in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and four have assigned a Sell rating to the company. According to MarketBeat.com, World Kinect currently has a consensus rating of “Strong Sell” and a consensus target price of $28.33.

World Kinect Price Performance

Shares of NYSE WKC opened at $25.42 on Tuesday. World Kinect has a 52 week low of $22.70 and a 52 week high of $30.59. The business’s 50 day moving average price is $25.92 and its 200 day moving average price is $25.56. The company has a quick ratio of 0.92, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. The firm has a market cap of $1.41 billion, a P/E ratio of -2.29, a P/E/G ratio of 0.64 and a beta of 1.13.

World Kinect (NYSE:WKC) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.17). The business had revenue of $9.03 billion for the quarter, compared to analysts’ expectations of $9.41 billion. World Kinect had a positive return on equity of 6.62% and a negative net margin of 1.66%.The business’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 earnings per share. World Kinect has set its FY 2026 guidance at 2.200-2.400 EPS. On average, sell-side analysts expect that World Kinect will post 2.56 earnings per share for the current year.

Institutional Investors Weigh In On World Kinect

A number of institutional investors have recently added to or reduced their stakes in WKC. Millennium Management LLC grew its position in shares of World Kinect by 373.8% in the third quarter. Millennium Management LLC now owns 1,602,996 shares of the company’s stock valued at $41,598,000 after purchasing an additional 1,264,684 shares during the period. Brandes Investment Partners LP raised its position in shares of World Kinect by 30.9% during the 4th quarter. Brandes Investment Partners LP now owns 3,845,750 shares of the company’s stock worth $90,106,000 after purchasing an additional 907,490 shares during the last quarter. American Century Companies Inc. lifted its stake in World Kinect by 64.1% in the 3rd quarter. American Century Companies Inc. now owns 1,042,766 shares of the company’s stock valued at $27,060,000 after buying an additional 407,225 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in World Kinect in the 4th quarter worth about $9,427,000. Finally, Qube Research & Technologies Ltd boosted its holdings in World Kinect by 119.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 702,367 shares of the company’s stock worth $18,226,000 after buying an additional 382,340 shares during the last quarter. Institutional investors and hedge funds 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.