World Kinect (NYSE:WKC) Hits New 1-Year High – Here’s What Happened

World Kinect Corporation (NYSE:WKC) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $32.27 and last traded at $32.2850, with a volume of 49169 shares traded. The stock had previously closed at $31.60.

Analyst Ratings Changes

A number of brokerages recently commented on WKC. Zacks Research downgraded shares of World Kinect from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Morgan Stanley increased their target price on shares of World Kinect from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 5th. Weiss Ratings upgraded shares of World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. Finally, Wall Street Zen upgraded shares of World Kinect from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $29.50.

World Kinect Price Performance

The company’s 50-day simple moving average is $28.61 and its 200 day simple moving average is $26.17. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of -3.28, a P/E/G ratio of 0.66 and a beta of 1.22.

World Kinect (NYSE:WKC) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.44. The company had revenue of $9.69 billion during the quarter, compared to analysts’ expectations of $9.29 billion. World Kinect had a positive return on equity of 8.27% and a negative net margin of 1.53%.The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 earnings per share. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. Equities research analysts forecast that World Kinect Corporation will post 2.79 EPS for the current year.

World Kinect Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Tuesday, June 30th will be issued a $0.23 dividend. This is an increase from World Kinect’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, June 30th. This represents a $0.92 annualized dividend and a yield of 2.7%. World Kinect’s dividend payout ratio is presently -7.84%.

Insider Buying and Selling

In related news, Director Paul H. Stebbins sold 20,828 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $27.69, for a total transaction of $576,727.32. Following the completion of the sale, the director directly owned 40,669 shares of the company’s stock, valued at approximately $1,126,124.61. This represents a 33.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Michael J. Kasbar sold 23,653 shares of the company’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $28.18, for a total transaction of $666,541.54. Following the sale, the chairman directly owned 1,062,797 shares of the company’s stock, valued at approximately $29,949,619.46. This represents a 2.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 97,928 shares of company stock worth $2,773,265. 3.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Villanova Investment Management Co LLC grew its position in shares of World Kinect by 0.4% in the fourth quarter. Villanova Investment Management Co LLC now owns 107,302 shares of the company’s stock valued at $2,514,000 after purchasing an additional 434 shares during the last quarter. Clearstead Advisors LLC lifted its position 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 worth $33,000 after purchasing an additional 436 shares during the last quarter. Hsbc Holdings PLC grew its holdings in World Kinect by 2.0% in the 1st quarter. Hsbc Holdings PLC now owns 25,390 shares of the company’s stock valued at $586,000 after buying an additional 489 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in World Kinect by 8.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,397 shares of the company’s stock valued at $166,000 after buying an additional 503 shares during the last quarter. Finally, Lido Advisors LLC increased its position in World Kinect by 6.1% in the 4th quarter. Lido Advisors LLC now owns 10,504 shares of the company’s stock worth $268,000 after buying an additional 608 shares during the period. Institutional investors and hedge funds 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.