World Kinect (NYSE:WKC) Stock Rating Lowered by Zacks Research

World Kinect (NYSE:WKC) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

A number of other research analysts have also recently commented on WKC. Weiss Ratings cut World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. Morgan Stanley set a $30.00 target price on World Kinect in a research note on Wednesday, July 29th. Finally, Wall Street Zen upgraded World Kinect from a “buy” rating to a “strong-buy” rating in a report on Saturday. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, World Kinect presently has a consensus rating of “Sell” and a consensus price target of $30.00.

World Kinect Price Performance

World Kinect stock opened at $35.93 on Monday. The company has a market cap of $1.84 billion, a price-to-earnings ratio of -11.19, a PEG ratio of 0.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.91 and a current ratio of 1.06. The firm has a 50 day moving average price of $36.51 and a 200 day moving average price of $31.18. World Kinect has a 1 year low of $22.21 and a 1 year high of $41.20.

World Kinect (NYSE:WKC) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.54. World Kinect had a negative net margin of 0.43% and a positive return on equity of 11.24%. The company had revenue of $13.59 billion during the quarter, compared to the consensus estimate of $10.50 billion. During the same period in the previous year, the firm earned $0.59 earnings per share. World Kinect’s revenue for the quarter was up 50.3% on a year-over-year basis. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. Sell-side analysts predict that World Kinect will post 3.6 earnings per share for the current year.

Insider Transactions at World Kinect

In related news, Director John Manley sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $39.88, for a total transaction of $398,800.00. Following the transaction, the director directly owned 54,116 shares in the company, valued at $2,158,146.08. This trade represents a 15.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jose-Miguel Tejada sold 6,000 shares of World Kinect stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $37.16, for a total transaction of $222,960.00. Following the completion of the transaction, the executive vice president directly owned 35,676 shares of the company’s stock, valued at approximately $1,325,720.16. This represents a 14.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 104,445 shares of company stock valued at $3,915,119. Company insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of WKC. Sequoia Financial Advisors LLC bought a new stake in shares of World Kinect during the 2nd quarter valued at about $207,000. Tidal Investments LLC lifted its holdings in World Kinect by 1.2% in the second quarter. Tidal Investments LLC now owns 161,922 shares of the company’s stock worth $5,334,000 after acquiring an additional 1,908 shares during the last quarter. Engineers Gate Manager LP lifted its holdings in World Kinect by 64.6% in the second quarter. Engineers Gate Manager LP now owns 116,078 shares of the company’s stock worth $3,824,000 after acquiring an additional 45,560 shares during the last quarter. Cidel Asset Management Inc. acquired a new position in World Kinect in the second quarter valued at approximately $265,000. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new position in World Kinect in the second quarter valued at approximately $303,000. 97.06% of the stock is owned by institutional investors and hedge funds.

World Kinect Company Profile

World Kinect Corporation (NYSE: WKC) is an energy management company that provides fuel, energy and related services to customers in the aviation, marine and land transportation industries. Its offerings include the sourcing, marketing, distribution and delivery of conventional and alternative fuels, as well as energy procurement and risk-management solutions.

The company serves commercial airlines, business and general aviation operators, shipping companies, trucking and transportation businesses, government entities, utilities and other commercial customers.