World Kinect (NYSE:WKC) Stock Rating Upgraded by Zacks Research

World Kinect (NYSE:WKC) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on WKC. Weiss Ratings reaffirmed a “sell (d)” rating on shares of World Kinect in a research note on Monday, December 29th. Morgan Stanley lowered their price objective on shares of World Kinect from $27.00 to $25.00 and set an “underweight” rating for the company in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $28.00.

World Kinect Price Performance

WKC opened at $23.48 on Wednesday. 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 stock has a market capitalization of $1.20 billion, a PE ratio of -2.12, a price-to-earnings-growth ratio of 0.60 and a beta of 1.14. The stock’s 50 day moving average price is $25.35 and its 200-day moving average price is $25.17. World Kinect has a 52-week low of $22.21 and a 52-week high of $29.85.

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

Institutional Investors Weigh In On World Kinect

Institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC lifted its position in World Kinect by 373.8% in the 3rd quarter. Millennium Management LLC now owns 1,602,996 shares of the company’s stock valued at $41,598,000 after acquiring an additional 1,264,684 shares in the last quarter. Brandes Investment Partners LP increased its holdings in shares of World Kinect by 30.9% in 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 in the last quarter. American Century Companies Inc. raised its stake in shares of World Kinect by 64.1% in the third quarter. American Century Companies Inc. now owns 1,042,766 shares of the company’s stock worth $27,060,000 after purchasing an additional 407,225 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of World Kinect during the fourth quarter valued at $9,427,000. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of World Kinect by 119.5% during the third quarter. Qube Research & Technologies Ltd now owns 702,367 shares of the company’s stock valued at $18,226,000 after purchasing an additional 382,340 shares in 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.