World Kinect (NYSE:WKC) Upgraded at Zacks Research

Zacks Research upgraded shares of World Kinect (NYSE:WKC) from a strong sell rating to a hold rating in a report published on Wednesday morning,Zacks.com reports.

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

World Kinect Stock Performance

Shares of WKC stock opened at $23.38 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. World Kinect has a fifty-two week low of $22.21 and a fifty-two week high of $29.85. The stock has a 50 day moving average price of $25.26 and a two-hundred day moving average price of $25.15. The company has a market capitalization of $1.20 billion, a P/E ratio of -2.11, a PEG ratio of 0.61 and a beta of 1.14.

World Kinect (NYSE:WKC) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $9.03 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same period last year, the company posted $0.62 EPS. The business’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. Analysts expect that World Kinect will post 2.56 earnings per share for the current year.

World Kinect Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Monday, March 30th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, March 30th. World Kinect’s dividend payout ratio is currently -7.22%.

Institutional Trading of World Kinect

Large investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. increased its position in World Kinect by 282.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,286 shares of the company’s stock valued at $33,000 after purchasing an additional 950 shares during the period. Clearstead Advisors LLC boosted its stake in shares of World Kinect by 52.8% during the 3rd quarter. Clearstead Advisors LLC now owns 1,261 shares of the company’s stock valued at $33,000 after purchasing an additional 436 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of World Kinect by 369.3% during the 3rd quarter. Versant Capital Management Inc now owns 2,112 shares of the company’s stock valued at $55,000 after purchasing an additional 1,662 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of World Kinect during the third quarter valued at about $61,000. Finally, Aster Capital Management DIFC Ltd increased its position in shares of World Kinect by 977.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock valued at $62,000 after buying an additional 2,386 shares during the period. Institutional investors own 97.06% of the company’s stock.

World Kinect Company Profile

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.