World Kinect (NYSE:WKC) Reaches New 52-Week High – What’s Next?

World Kinect Corporation (NYSE:WKC)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $36.89 and last traded at $36.44, with a volume of 951280 shares changing hands. The stock had previously closed at $35.95.

Wall Street Analyst Weigh In

WKC has been the subject of a number of analyst reports. Zacks Research downgraded shares of World Kinect from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Weiss Ratings raised shares of World Kinect from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 29th. Morgan Stanley increased their price target on shares of World Kinect from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen upgraded shares of World Kinect from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $29.50.

World Kinect Stock Up 0.6%

The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of -3.63, a price-to-earnings-growth ratio of 0.75 and a beta of 1.19. The firm has a 50 day simple moving average of $31.16 and a 200-day simple moving average of $27.25. 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 issued its earnings results on Thursday, April 23rd. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.31 by $0.44. World Kinect had a negative net margin of 1.53% and a positive return on equity of 8.27%. The company had revenue of $9.69 billion for the quarter, compared to the consensus estimate of $9.29 billion. During the same quarter in the previous year, the company earned $0.48 EPS. The firm’s revenue for the quarter 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. On average, sell-side analysts forecast that World Kinect Corporation will post 2.79 EPS for the current fiscal year.

World Kinect Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.5%. This is a boost from World Kinect’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, June 30th. World Kinect’s dividend payout ratio (DPR) is presently -9.01%.

Insider Activity

In other news, Director Richard A. Kassar sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $26.97, for a total transaction of $269,700.00. Following the completion of the sale, the director owned 53,812 shares of the company’s stock, valued at approximately $1,451,309.64. This trade represents a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Michael John Kroll sold 2,100 shares of World Kinect stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $27.30, for a total transaction of $57,330.00. Following the completion of the transaction, the chief accounting officer owned 10,390 shares of the company’s stock, valued at $283,647. This trade represents a 16.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 132,928 shares of company stock valued at $3,983,065 over the last three months. 3.80% of the stock is owned by corporate insiders.

Institutional Trading of World Kinect

Large investors have recently made changes to their positions in the business. Cassaday & Co Wealth Management LLC bought a new position in shares of World Kinect in the first quarter valued at about $37,000. Aquatic Capital Management LLC bought a new stake in World Kinect during the 3rd quarter worth about $61,000. Aster Capital Management DIFC Ltd grew its holdings in 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 acquiring an additional 2,386 shares during the last quarter. Clearstead Advisors LLC increased its position in World Kinect by 108.8% in the 4th quarter. Clearstead Advisors LLC now owns 2,633 shares of the company’s stock valued at $62,000 after acquiring an additional 1,372 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in World Kinect in the 2nd quarter valued at about $96,000. 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.