World Kinect (NYSE:WKC) Reaches New 12-Month Low – Time to Sell?

Shares of World Kinect Corporation (NYSE:WKC) reached a new 52-week low during trading on Thursday . The stock traded as low as $22.57 and last traded at $22.6830, with a volume of 25674 shares trading hands. The stock had previously closed at $22.77.

Wall Street Analysts Forecast Growth

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

World Kinect Price Performance

The firm has a market cap of $1.16 billion, a P/E ratio of -2.05, a PEG ratio of 0.59 and a beta of 1.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 0.92. The stock’s 50-day simple moving average is $25.71 and its two-hundred day simple moving average is $25.28.

World Kinect (NYSE:WKC) last released its earnings results on Thursday, February 19th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.17). The firm had revenue of $9.03 billion during the quarter, compared to the consensus estimate of $9.41 billion. World Kinect had a positive return on equity of 6.62% and a negative net margin of 1.66%.World Kinect’s revenue was down 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 EPS. World Kinect has set its FY 2026 guidance at 2.200-2.400 EPS. Equities research analysts forecast that World Kinect Corporation will post 2.56 earnings per share for the current fiscal year.

World Kinect Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Monday, March 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.5%. World Kinect’s dividend payout ratio is currently -7.22%.

Hedge Funds Weigh In On World Kinect

A number of large investors have recently bought and sold shares of WKC. Vanguard Group Inc. lifted its position in shares of World Kinect by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,713,507 shares of the company’s stock worth $157,297,000 after purchasing an additional 62,111 shares during the last quarter. Brandes Investment Partners LP grew its holdings in shares of World Kinect by 30.9% in the fourth quarter. Brandes Investment Partners LP now owns 3,845,750 shares of the company’s stock worth $90,106,000 after purchasing an additional 907,490 shares during the last quarter. Invesco Ltd. increased its stake in World Kinect by 9.5% in the 3rd quarter. Invesco Ltd. now owns 2,450,762 shares of the company’s stock worth $63,597,000 after buying an additional 213,145 shares during the period. LSV Asset Management lifted its holdings in World Kinect by 11.4% during the 4th quarter. LSV Asset Management now owns 1,938,804 shares of the company’s stock valued at $45,426,000 after buying an additional 198,076 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in World Kinect by 373.8% during the 3rd quarter. Millennium Management LLC now owns 1,602,996 shares of the company’s stock valued at $41,598,000 after buying an additional 1,264,684 shares in the last quarter. Hedge funds and other institutional investors 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.