World Kinect (NYSE:WKC) Price Target Lowered to $25.00 at Morgan Stanley

World Kinect (NYSE:WKC) had its price objective cut by Morgan Stanley from $27.00 to $25.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has an underweight rating on the stock.

Other equities research analysts have also issued reports about the company. Zacks Research lowered World Kinect from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Weiss Ratings restated a “sell (d)” rating on shares of World Kinect in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, World Kinect currently has an average rating of “Strong Sell” and an average target price of $28.00.

World Kinect Stock Performance

Shares of NYSE WKC opened at $24.47 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average price is $26.04 and its two-hundred day moving average price is $25.54. World Kinect has a 52-week low of $22.70 and a 52-week high of $29.85. The stock has a market capitalization of $1.25 billion, a P/E ratio of -2.21, a P/E/G ratio of 0.63 and a beta of 1.14.

World Kinect (NYSE:WKC) last posted its earnings results on Thursday, February 19th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.17). The company 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%. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. World Kinect has set its FY 2026 guidance at 2.200-2.400 EPS. As a group, sell-side analysts forecast that World Kinect will post 2.56 earnings per share for the current year.

World Kinect Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Monday, December 15th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.80 annualized dividend and a yield of 3.3%. World Kinect’s dividend payout ratio (DPR) is presently -7.22%.

Institutional Trading of World Kinect

A number of institutional investors have recently made changes to their positions in the stock. Villanova Investment Management Co LLC lifted its position in shares of World Kinect by 0.4% during the 4th quarter. Villanova Investment Management Co LLC now owns 107,302 shares of the company’s stock worth $2,514,000 after purchasing an additional 434 shares during the last quarter. Clearstead Advisors LLC grew its holdings in World Kinect by 52.8% in the 3rd quarter. Clearstead Advisors LLC now owns 1,261 shares of the company’s stock valued at $33,000 after buying an additional 436 shares during the last quarter. Johnson Investment Counsel Inc. increased its position in World Kinect by 0.5% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 110,836 shares of the company’s stock worth $2,876,000 after buying an additional 502 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of World Kinect by 14.5% during the second quarter. Parkside Financial Bank & Trust now owns 3,976 shares of the company’s stock worth $113,000 after buying an additional 503 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of World Kinect by 8.5% in the third quarter. PNC Financial Services Group Inc. now owns 6,397 shares of the company’s stock valued at $166,000 after acquiring an additional 503 shares during the period. 97.06% of the stock is owned by institutional investors and hedge funds.

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.