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

World Kinect (NYSE:WKC) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other equities research analysts have also issued reports about the company. Weiss Ratings lowered World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. Zacks Research downgraded World Kinect from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Finally, Morgan Stanley set a $30.00 price objective on World Kinect in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Sell” and a consensus price target of $30.00.

World Kinect Stock Performance

Shares of NYSE:WKC opened at $36.41 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 0.58. World Kinect has a 12 month low of $22.21 and a 12 month high of $41.20. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of -11.34, a PEG ratio of 0.56 and a beta of 1.21. The firm’s 50-day moving average is $36.10 and its 200 day moving average is $31.94.

World Kinect (NYSE:WKC) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.54. The business had revenue of $13.59 billion during 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 firm’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 earnings per share. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. Research analysts predict that World Kinect will post 3.60 EPS for the current year.

Insider Buying and Selling at World Kinect

In other news, Director John Manley sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $39.88, for a total value of $398,800.00. Following the completion of the sale, the director 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Michael Kasbar sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $35.67, for a total transaction of $356,700.00. Following the completion of the sale, the chairman directly owned 956,450 shares of the company’s stock, valued at $34,116,571.50. The trade was a 1.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 79,445 shares of company stock worth $3,062,019. 3.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On World Kinect

A number of large investors have recently bought and sold shares of WKC. EVR Research LP boosted its stake in World Kinect by 23.3% in the fourth quarter. EVR Research LP now owns 740,000 shares of the company’s stock valued at $17,338,000 after acquiring an additional 140,000 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of World Kinect by 235.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 644,941 shares of the company’s stock worth $14,879,000 after purchasing an additional 452,462 shares in the last quarter. Pacer Advisors Inc. acquired a new position in shares of World Kinect during the fourth quarter worth $9,427,000. Principal Financial Group Inc. boosted its position in shares of World Kinect by 7.6% in the 1st quarter. Principal Financial Group Inc. now owns 365,120 shares of the company’s stock worth $8,423,000 after purchasing an additional 25,708 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in World Kinect by 30.4% during the 1st quarter. Royal Bank of Canada now owns 328,662 shares of the company’s stock worth $7,583,000 after buying an additional 76,657 shares during the last quarter. Institutional investors own 97.06% of the company’s stock.

About World Kinect

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.