World Kinect (NYSE:WKC) Stock Rating Upgraded by Wall Street Zen

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

A number of other analysts have also recently commented on WKC. Morgan Stanley set a $30.00 target price on shares of World Kinect in a report on Wednesday, July 29th. Weiss Ratings downgraded World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. Finally, Zacks Research raised World Kinect from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, World Kinect currently has an average rating of “Hold” and a consensus price target of $30.00.

World Kinect Trading Up 0.1%

Shares of WKC stock opened at $35.67 on Friday. The business has a 50-day moving average of $36.53 and a 200 day moving average of $31.01. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.06 and a quick ratio of 0.91. World Kinect has a 1-year low of $22.21 and a 1-year high of $41.20. The stock has a market capitalization of $1.82 billion, a PE ratio of -11.11, a P/E/G ratio of 0.55 and a beta of 1.16.

World Kinect (NYSE:WKC) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.54. The firm had revenue of $13.59 billion for the quarter, compared to analysts’ expectations of $10.50 billion. World Kinect had a negative net margin of 0.43% and a positive return on equity of 11.24%. The company’s revenue for the quarter was up 50.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 earnings per share. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. As a group, sell-side analysts anticipate that World Kinect will post 3.6 earnings per share for the current year.

Insider Buying and Selling at World Kinect

In other news, Director John L. Manley sold 10,000 shares of World Kinect stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $39.88, for a total transaction of $398,800.00. Following the transaction, the director owned 54,116 shares in the company, valued at $2,158,146.08. This trade represents a 15.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Michael J. Kasbar sold 25,000 shares of the business’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $35.04, for a total transaction of $876,000.00. Following the sale, the chairman directly owned 986,450 shares of the company’s stock, valued at approximately $34,565,208. The trade was a 2.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 104,445 shares of company stock worth $3,915,119. 3.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On World Kinect

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC purchased a new stake in World Kinect in the second quarter worth about $207,000. Tidal Investments LLC grew its stake in shares of World Kinect by 1.2% during the 2nd quarter. Tidal Investments LLC now owns 161,922 shares of the company’s stock valued at $5,334,000 after acquiring an additional 1,908 shares during the period. Engineers Gate Manager LP grew its stake in shares of World Kinect by 64.6% during the 2nd quarter. Engineers Gate Manager LP now owns 116,078 shares of the company’s stock valued at $3,824,000 after acquiring an additional 45,560 shares during the period. Cidel Asset Management Inc. purchased a new stake in World Kinect in the 2nd quarter worth approximately $265,000. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new stake in World Kinect in the 2nd quarter worth approximately $303,000. 97.06% of the stock is currently owned by hedge funds and other institutional investors.

World Kinect Company Profile

World Kinect Corporation (NYSE: WKC) is an energy management company that provides fuel, energy and related services to customers in the aviation, marine and land transportation industries. Its offerings include the sourcing, marketing, distribution and delivery of conventional and alternative fuels, as well as energy procurement and risk-management solutions.

The company serves commercial airlines, business and general aviation operators, shipping companies, trucking and transportation businesses, government entities, utilities and other commercial customers.