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

Key Points

• Zacks Research downgraded World Kinect from “strong buy” to “hold.” With other mixed analyst actions, MarketBeat reports an overall “sell” rating and a $30 average price target.
• World Kinect reported stronger-than-expected quarterly results, posting $1.29 in EPS versus a $0.75 estimate and $13.59 billion in revenue, up 50.3% year over year.
• Insiders sold 104,445 shares worth about $3.9 million over the past three months, while institutional investors own a substantial 97.06% of the company’s outstanding stock.

World Kinect (NYSE:WKC - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Monday, Zacks reports.

Other analysts also recently issued research reports about the company. Weiss Ratings downgraded World Kinect from a "hold (c-)" rating to a "sell (d)" rating in a research report on Tuesday, July 28th. Wall Street Zen upgraded World Kinect from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Morgan Stanley set a $30.00 price target on World Kinect in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Sell" and an average target price of $30.00.

World Kinect Stock Performance

WKC stock opened at $35.93 on Monday. The business's 50-day moving average price is $36.51 and its two-hundred day moving average price is $31.18. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 0.58. The firm has a market cap of $1.84 billion, a PE ratio of -11.19, a P/E/G ratio of 0.54 and a beta of 1.16. World Kinect has a 1-year low of $22.21 and a 1-year high of $41.20.

World Kinect (NYSE:WKC - Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $0.75 by $0.54. The firm had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $10.50 billion. World Kinect had a negative net margin of 0.43% and a positive return on equity of 11.24%. The business's quarterly revenue was up 50.3% on a year-over-year basis. During the same period last year, the company posted $0.59 EPS. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. As a group, research analysts forecast that World Kinect will post 3.6 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John Manley sold 10,000 shares of World Kinect stock in a transaction that occurred 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 completion of the transaction, the director directly owned 54,116 shares in the company, valued at approximately $2,158,146.08. The trade was a 15.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Michael Kasbar sold 10,000 shares of the firm's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $35.40, for a total value of $354,000.00. Following the sale, the chairman directly owned 966,450 shares of the company's stock, valued at $34,212,330. This represents a 1.02% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 104,445 shares of company stock valued at $3,915,119. Corporate insiders own 3.80% of the company's stock.

Institutional Investors Weigh In On World Kinect

A number of institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in World Kinect in the 2nd quarter valued at $2,346,000. Bank of New York Mellon Corp acquired a new stake in shares of World Kinect during the second quarter worth $10,224,000. Empowered Funds LLC bought a new stake in shares of World Kinect in the second quarter valued at about $7,867,000. Man Group plc bought a new position in World Kinect during the second quarter worth about $10,379,000. Finally, Y Intercept Hong Kong Ltd raised its stake in World Kinect by 128.7% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 51,389 shares of the company's stock worth $1,186,000 after purchasing an additional 28,922 shares in the last quarter. Institutional investors own 97.06% of the company's stock.

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.

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