World Kinect (NYSE:WKC) Downgraded by Wall Street Zen to Buy

Wall Street Zen lowered shares of World Kinect (NYSE:WKC) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Several other research firms have also recently commented on WKC. Weiss Ratings cut shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. Morgan Stanley set a $30.00 price objective on World Kinect in a report on Wednesday, July 29th. Finally, Zacks Research lowered World Kinect from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Sell” and a consensus target price of $30.00.

World Kinect Stock Down 2.2%

Shares of NYSE WKC opened at $36.41 on Friday. The firm’s 50-day simple moving average is $36.10 and its 200 day simple moving average is $31.87. The company has a market cap of $1.86 billion, a price-to-earnings ratio of -11.34, a price-to-earnings-growth ratio of 0.56 and a beta of 1.21. The company has a quick ratio of 0.91, a current ratio of 1.06 and a debt-to-equity ratio of 0.58. World Kinect has a 12-month low of $22.21 and a 12-month high of $41.20.

World Kinect (NYSE:WKC) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.54. World Kinect had a negative net margin of 0.43% and a positive return on equity of 11.24%. The firm had revenue of $13.59 billion during the quarter, compared to analysts’ expectations of $10.50 billion. During the same quarter last year, the company posted $0.59 EPS. The company’s quarterly revenue was up 50.3% compared to the same quarter last year. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. On average, research analysts expect that World Kinect will post 3.60 earnings per share for the current fiscal year.

World Kinect Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, September 28th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, September 28th. World Kinect’s dividend payout ratio (DPR) is -28.66%.

Insider Buying and Selling at World Kinect

In other news, Chairman Michael Kasbar sold 10,000 shares of World Kinect stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $35.67, for a total transaction of $356,700.00. Following the completion of the sale, the chairman owned 956,450 shares in the company, valued at $34,116,571.50. The trade was a 1.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul Stebbins sold 33,445 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $39.93, for a total transaction of $1,335,458.85. Following the sale, the director directly owned 58,878 shares of the company’s stock, valued at approximately $2,350,998.54. This trade represents a 36.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 79,445 shares of company stock worth $3,062,019 in the last 90 days. Corporate insiders own 3.80% of the company’s stock.

Institutional Trading of World Kinect

Several institutional investors and hedge funds have recently made changes to their positions in WKC. GAMMA Investing LLC increased its stake in World Kinect by 8.4% in the third quarter. GAMMA Investing LLC now owns 6,036 shares of the company’s stock valued at $212,000 after purchasing an additional 468 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of World Kinect by 279.7% during the third quarter. Farther Finance Advisors LLC now owns 7,601 shares of the company’s stock worth $267,000 after purchasing an additional 5,599 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of World Kinect in the 2nd quarter valued at $207,000. Tidal Investments LLC grew its holdings in shares of World Kinect by 1.2% in the 2nd quarter. Tidal Investments LLC now owns 161,922 shares of the company’s stock valued at $5,334,000 after buying an additional 1,908 shares during the period. Finally, Engineers Gate Manager LP increased its position in shares of World Kinect by 64.6% in the 2nd quarter. Engineers Gate Manager LP now owns 116,078 shares of the company’s stock valued at $3,824,000 after buying an additional 45,560 shares in the last quarter. Institutional investors own 97.06% of the company’s stock.

About World Kinect

World Kinect Corporation (NYSE:WKC) is an energy management company that supplies, distributes and manages fuel and other energy products for commercial, industrial and government customers. Its offerings include aviation fuel, marine fuel, land-based transportation fuels, natural gas, electricity, lubricants and renewable energy products.

The company provides services across the aviation, marine and land transportation markets, helping customers procure, deliver and manage energy through its global supply, logistics and technology capabilities.