World Kinect (NYSE:WKC) Stock Gets Downgrade from Wall Street Zen

Key Points

• Wall Street Zen downgraded World Kinect from “strong buy” to “buy,” while the broader analyst consensus remains “sell” with a $30.00 target price.
• World Kinect shares opened at $36.41, down 2.2%, despite the company reporting quarterly EPS of $1.29—well above the $0.75 consensus—and revenue growth of 50.3% year over year.
• Insiders sold 79,445 shares worth about $3.06 million over the past 90 days, while institutional investors continue to own a dominant 97.06% of the company.

World Kinect (NYSE:WKC - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday, Wall Street Zen reports.

Several other equities research analysts have also recently weighed in on WKC. Morgan Stanley set a $30.00 price objective on World Kinect in a research note on Wednesday, July 29th. Weiss Ratings lowered World Kinect from a "hold (c-)" rating to a "sell (d)" rating in a research note on Tuesday, July 28th. Finally, Zacks Research cut World Kinect from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Sell" and a consensus target price of $30.00.

World Kinect Stock Down 2.2%

NYSE WKC opened at $36.41 on Friday. The stock has a 50 day moving average price of $36.10 and a 200-day moving average price of $31.87. World Kinect has a one year low of $22.21 and a one year high of $41.20. 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 company has a market capitalization of $1.86 billion, a P/E ratio of -11.34, a P/E/G ratio of 0.57 and a beta of 1.21.

World Kinect (NYSE:WKC - Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates 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 in the previous year, the firm posted $0.59 EPS. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. As a group, equities analysts predict that World Kinect will post 3.60 EPS for the current fiscal year.

Insider Activity

In other World Kinect news, EVP Jose-Miguel Tejada sold 6,000 shares of the business's stock in a transaction that occurred 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 owned 35,676 shares in the company, valued at $1,325,720.16. The trade was a 14.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Manley sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $39.88, for a total value of $398,800.00. Following the transaction, the director directly owned 54,116 shares in the company, valued at approximately $2,158,146.08. This represents a 15.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 79,445 shares of company stock worth $3,062,019 in the last ninety days. 3.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On World Kinect

Several hedge funds have recently bought and sold shares of WKC. Cassaday & Co Wealth Management LLC purchased a new stake in shares of World Kinect in the first quarter valued at approximately $37,000. IFP Advisors Inc increased its holdings in World Kinect by 858.9% during the 2nd quarter. IFP Advisors Inc now owns 1,774 shares of the company's stock worth $58,000 after purchasing an additional 1,589 shares during the period. Transamerica Financial Advisors LLC purchased a new position in World Kinect during the 2nd quarter worth $73,000. Nykredit A S bought a new stake in World Kinect during the 2nd quarter valued at $84,000. Finally, Allworth Financial LP bought a new stake in World Kinect during the 2nd quarter valued at $167,000. 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 supplies, distributes and manages fuel and other energy products for commercial, industrial and government customers. Its offerings include aviation fuel, marine fuel, land-based transportation fuels, natural gas, electricity, lubricants and renewable energy products.

The company provides services across the aviation, marine and land transportation markets, helping customers procure, deliver and manage energy through its global supply, logistics and technology capabilities.

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