World Kinect (NYSE:WKC) Sets New 1-Year High – Here’s What Happened

Shares of World Kinect Corporation (NYSE:WKC) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $31.89 and last traded at $31.4140, with a volume of 942899 shares traded. The stock had previously closed at $31.13.

Analyst Upgrades and Downgrades

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

World Kinect Stock Up 0.9%

The business has a fifty day simple moving average of $26.65 and a 200 day simple moving average of $25.52. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of -3.08, a PEG ratio of 0.64 and a beta of 1.22. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 0.87.

World Kinect (NYSE:WKC) last announced its earnings results on Thursday, April 23rd. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.44. World Kinect had a positive return on equity of 8.27% and a negative net margin of 1.53%.The business had revenue of $9.69 billion during the quarter, compared to analysts’ expectations of $9.29 billion. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. As a group, equities analysts forecast that World Kinect Corporation will post 2.79 EPS for the current fiscal year.

World Kinect Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Monday, March 30th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.5%. World Kinect’s dividend payout ratio is presently -7.84%.

Insider Transactions at World Kinect

In other news, Chairman Michael J. Kasbar sold 23,653 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $28.18, for a total transaction of $666,541.54. Following the transaction, the chairman directly owned 1,062,797 shares in the company, valued at $29,949,619.46. The trade was a 2.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard A. Kassar sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $26.97, for a total value of $269,700.00. Following the transaction, the director owned 53,812 shares in the company, valued at approximately $1,451,309.64. This represents a 15.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 97,928 shares of company stock worth $2,773,265 over the last three months. 3.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hantz Financial Services Inc. boosted its holdings in shares of World Kinect by 282.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,286 shares of the company’s stock worth $33,000 after purchasing an additional 950 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in shares of World Kinect by 52.8% during the 3rd quarter. Clearstead Advisors LLC now owns 1,261 shares of the company’s stock worth $33,000 after purchasing an additional 436 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of World Kinect during the 1st quarter worth approximately $37,000. Aquatic Capital Management LLC acquired a new position in shares of World Kinect during the 3rd quarter worth approximately $61,000. Finally, Aster Capital Management DIFC Ltd boosted its holdings in shares of World Kinect by 977.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock worth $62,000 after purchasing an additional 2,386 shares during the last quarter. 97.06% of the stock is currently owned by institutional investors and hedge funds.

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.