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

Zacks Research lowered shares of World Kinect (NYSE:WKC) from a hold rating to a strong sell rating in a research note released on Tuesday,Zacks.com reports.

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

World Kinect Stock Down 0.9%

NYSE WKC opened at $25.18 on Tuesday. The stock has a 50 day moving average price of $25.95 and a 200-day moving average price of $25.56. World Kinect has a one year low of $22.70 and a one year high of $30.47. The company has a market capitalization of $1.29 billion, a P/E ratio of -2.27, a P/E/G ratio of 0.64 and a beta of 1.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 1.06.

World Kinect (NYSE:WKC) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.17). World Kinect had a negative net margin of 1.66% and a positive return on equity of 6.62%. The business had revenue of $9.03 billion for the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter last year, the business earned $0.62 EPS. World Kinect’s revenue for the quarter 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. As a group, equities analysts predict that World Kinect will post 2.56 EPS for the current fiscal year.

World Kinect Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Monday, December 15th were issued a $0.20 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.2%. World Kinect’s payout ratio is presently -7.22%.

Hedge Funds Weigh In On World Kinect

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