World Kinect (NYSE:WKC) Rating Lowered to Hold at Zacks Research

World Kinect (NYSE:WKC) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Wall Street Zen raised shares of World Kinect from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Morgan Stanley raised their target price on shares of World Kinect from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings raised World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $29.50.

World Kinect Stock Performance

Shares of NYSE WKC opened at $29.27 on Tuesday. World Kinect has a 12-month low of $22.21 and a 12-month high of $29.85. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -2.87, a price-to-earnings-growth ratio of 0.59 and a beta of 1.22. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average of $25.92 and a 200 day moving average of $25.29.

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

Insider Transactions at World Kinect

In other news, Director Richard A. Kassar sold 10,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $26.97, for a total transaction of $269,700.00. Following the transaction, the director owned 53,812 shares of the company’s stock, valued at approximately $1,451,309.64. This represents a 15.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Michael J. Kasbar sold 10,000 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $27.11, for a total transaction of $271,100.00. Following the transaction, the chairman owned 1,051,950 shares in the company, valued at approximately $28,518,364.50. The trade was a 0.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 67,928 shares of company stock valued at $1,878,484 over the last 90 days. 3.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On World Kinect

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Edgestream Partners L.P. grew its holdings in shares of World Kinect by 2.9% during the first quarter. Edgestream Partners L.P. now owns 120,060 shares of the company’s stock valued at $2,770,000 after buying an additional 3,398 shares during the last quarter. Amundi raised its position in World Kinect by 87.4% during the first quarter. Amundi now owns 24,394 shares of the company’s stock valued at $563,000 after acquiring an additional 11,378 shares in the last quarter. California State Teachers Retirement System boosted its holdings in World Kinect by 36.2% during the first quarter. California State Teachers Retirement System now owns 73,864 shares of the company’s stock worth $1,704,000 after buying an additional 19,622 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of World Kinect by 30.4% during the 1st quarter. Royal Bank of Canada now owns 328,662 shares of the company’s stock worth $7,583,000 after acquiring an additional 76,657 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in World Kinect by 51.2% in the first quarter. Quantinno Capital Management LP now owns 70,506 shares of the company’s stock valued at $1,627,000 after purchasing an additional 23,889 shares during the period. 97.06% of the stock is owned by hedge funds and other institutional investors.

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.