World Kinect Co. (NYSE:WKC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of World Kinect Co. (NYSE:WKC) have received an average recommendation of “Hold” from the four analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $26.75.

A number of equities research analysts recently commented on WKC shares. JPMorgan Chase & Co. began coverage on World Kinect in a research report on Wednesday, February 21st. They issued a “neutral” rating and a $25.00 target price on the stock. Raymond James upped their price objective on World Kinect from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, April 3rd. Finally, Bank of America raised their target price on shares of World Kinect from $23.00 to $26.00 and gave the company an “underperform” rating in a report on Thursday, March 14th.

Insider Buying and Selling

In related news, Director Paul H. Stebbins sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $24.37, for a total transaction of $487,400.00. Following the completion of the sale, the director now directly owns 75,375 shares of the company’s stock, valued at approximately $1,836,888.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On World Kinect

Hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new stake in shares of World Kinect in the 4th quarter worth approximately $29,000. Allspring Global Investments Holdings LLC bought a new stake in World Kinect during the 4th quarter valued at $32,000. Allworth Financial LP purchased a new position in shares of World Kinect in the 4th quarter valued at $35,000. Parkside Financial Bank & Trust bought a new position in shares of World Kinect in the 4th quarter worth $45,000. Finally, Assetmark Inc. purchased a new stake in shares of World Kinect during the 4th quarter worth $96,000. 97.06% of the stock is currently owned by institutional investors.

World Kinect Trading Up 0.8 %

World Kinect stock opened at $23.93 on Monday. World Kinect has a 1 year low of $17.69 and a 1 year high of $26.83. The firm’s 50 day moving average price is $25.06 and its 200-day moving average price is $22.94. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.14 and a quick ratio of 0.97. The stock has a market cap of $1.43 billion, a P/E ratio of 25.73, a PEG ratio of 2.19 and a beta of 1.27.

World Kinect (NYSE:WKC) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.04. World Kinect had a net margin of 0.12% and a return on equity of 6.39%. The company had revenue of $12 billion for the quarter, compared to the consensus estimate of $12.23 billion. During the same period in the previous year, the firm posted $0.54 EPS. On average, equities analysts predict that World Kinect will post 2.19 earnings per share for the current fiscal year.

World Kinect Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Monday, March 25th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.84%. This is an increase from World Kinect’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, March 22nd. World Kinect’s dividend payout ratio is presently 73.12%.

About World Kinect

World Kinect Corporation operates as an energy management company in the United States, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. This segment also offers fuel management, price risk management, ground handling, dispatch services, and trip planning services, such as flight planning and scheduling, weather reports and overflight permits; payment and processing services; and operates a web-based marketplace platform.