World Kinect (NYSE:WKC) Downgraded by Zacks Research to Strong Sell

Zacks Research downgraded shares of World Kinect (NYSE:WKC) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of World Kinect in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Sell” and an average target price of $28.33.

World Kinect Stock Performance

NYSE WKC opened at $25.42 on Tuesday. The firm has a market cap of $1.41 billion, a P/E ratio of -2.29, a P/E/G ratio of 0.64 and a beta of 1.13. World Kinect has a 52-week low of $22.70 and a 52-week high of $30.59. The business’s 50-day moving average price is $25.92 and its 200 day moving average price is $25.56. The company has a quick ratio of 0.92, a current ratio of 1.06 and a debt-to-equity ratio of 0.52.

World Kinect (NYSE:WKC) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.17). World Kinect had a positive return on equity of 6.62% and a negative net margin of 1.66%.The company had revenue of $9.03 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same period in the previous year, the business posted $0.62 earnings per share. The firm’s revenue was down 7.5% compared to the same quarter last year. World Kinect has set its FY 2026 guidance at 2.200-2.400 EPS. On average, equities research analysts expect that World Kinect will post 2.56 earnings per share for the current year.

World Kinect Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, December 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, December 15th. World Kinect’s dividend payout ratio (DPR) is currently -7.22%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WKC. First Horizon Advisors Inc. boosted its position in shares of World Kinect by 188.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 998 shares of the company’s stock worth $28,000 after purchasing an additional 652 shares in the last quarter. Clearstead Advisors LLC grew its position in World Kinect by 52.8% during the third quarter. Clearstead Advisors LLC now owns 1,261 shares of the company’s stock worth $33,000 after buying an additional 436 shares during the period. Hantz Financial Services Inc. increased its holdings in World Kinect by 282.7% in the third quarter. Hantz Financial Services Inc. now owns 1,286 shares of the company’s stock valued at $33,000 after buying an additional 950 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of World Kinect by 369.3% during the 3rd quarter. Versant Capital Management Inc now owns 2,112 shares of the company’s stock valued at $55,000 after acquiring an additional 1,662 shares during the period. Finally, Aquatic Capital Management LLC purchased a new stake in shares of World Kinect during the 3rd quarter worth approximately $61,000. Hedge funds and other 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.