World Kinect (NYSE:WKC) Reaches New 12-Month Low – Time to Sell?

Shares of World Kinect Corporation (NYSE:WKC) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $22.57 and last traded at $22.6830, with a volume of 25674 shares trading hands. The stock had previously closed at $22.77.

Analyst Upgrades and Downgrades

A number of research firms have commented on WKC. Weiss Ratings reissued a “sell (d)” rating on shares of World Kinect in a report on Monday, December 29th. Morgan Stanley lowered their price target on World Kinect from $27.00 to $25.00 and set an “underweight” rating on the stock in a report on Tuesday, March 3rd. Finally, Zacks Research cut World Kinect from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Buy rating and four have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Strong Sell” and a consensus price target of $28.00.

World Kinect Stock Performance

The firm has a market cap of $1.15 billion, a P/E ratio of -2.03, a P/E/G ratio of 0.60 and a beta of 1.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 1.06. The business’s 50-day simple moving average is $25.88 and its 200 day simple moving average is $25.33.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in World Kinect by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 6,713,507 shares of the company’s stock worth $157,297,000 after purchasing an additional 62,111 shares during the last quarter. Brandes Investment Partners LP increased 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 valued at $90,106,000 after purchasing an additional 907,490 shares during the last quarter. Invesco Ltd. lifted its stake in shares of World Kinect by 9.5% in the 3rd quarter. Invesco Ltd. now owns 2,450,762 shares of the company’s stock worth $63,597,000 after purchasing an additional 213,145 shares during the period. LSV Asset Management boosted its holdings in shares of World Kinect by 11.4% in the fourth quarter. LSV Asset Management now owns 1,938,804 shares of the company’s stock worth $45,426,000 after buying an additional 198,076 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings 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 worth $41,598,000 after buying an additional 1,264,684 shares during the last quarter. Institutional investors own 97.06% of the company’s stock.

About World Kinect

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.