World Kinect (NYSE:WKC) Sets New 1-Year Low – Should You Sell?

Shares of World Kinect Corporation (NYSE:WKC) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $22.70 and last traded at $22.8050, with a volume of 677919 shares changing hands. The stock had previously closed at $23.09.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WKC shares. Zacks Research cut World Kinect from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Morgan Stanley lowered their price objective on World Kinect from $27.00 to $25.00 and set an “underweight” rating for the company in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of World Kinect in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Strong Sell” and a consensus price target of $28.00.

World Kinect Stock Performance

The company has a market capitalization of $1.17 billion, a PE ratio of -2.06, a price-to-earnings-growth ratio of 0.60 and a beta of 1.14. The company has a current ratio of 1.06, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52. The business’s fifty day moving average is $26.07 and its two-hundred day moving average is $25.41.

World Kinect (NYSE:WKC) last issued 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). 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 analysts’ expectations of $9.41 billion. During the same quarter in the prior year, the business posted $0.62 earnings per share. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. World Kinect has set its FY 2026 guidance at 2.200-2.400 EPS. Equities research analysts predict that World Kinect Corporation will post 2.56 earnings per share for the current year.

Hedge Funds Weigh In On World Kinect

Several hedge funds and other institutional investors have recently bought and sold shares of WKC. Villanova Investment Management Co LLC boosted its holdings 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 valued at $2,514,000 after acquiring an additional 434 shares during the last quarter. Clearstead Advisors LLC raised its stake in 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 buying an additional 436 shares during the last quarter. Johnson Investment Counsel Inc. lifted its holdings in shares of World Kinect by 0.5% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 110,836 shares of the company’s stock valued at $2,876,000 after buying an additional 502 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of World Kinect by 8.5% during 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 period. Finally, Lido Advisors LLC boosted its stake in shares of 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 last quarter. 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.