World Kinect (NYSE:WKC) Sets New 12-Month High – Here’s Why

World Kinect Corporation (NYSE:WKC)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $29.92 and last traded at $29.8260, with a volume of 135508 shares. The stock had previously closed at $29.73.

Wall Street Analyst Weigh In

WKC has been the subject of several research reports. Zacks Research downgraded shares of World Kinect from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley boosted their target price on shares of World Kinect from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Tuesday, May 5th. Weiss Ratings upgraded shares of World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Finally, Wall Street Zen upgraded shares of World Kinect from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $29.50.

World Kinect Stock Up 0.6%

The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of -2.93, a P/E/G ratio of 0.60 and a beta of 1.22. The business’s 50-day moving average is $26.06 and its 200-day moving average is $25.32. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.65.

World Kinect (NYSE:WKC) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $9.29 billion. During the same quarter in the previous year, the company earned $0.48 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. As a group, equities analysts predict that World Kinect Corporation will post 2.79 earnings per share for the current year.

World Kinect Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Monday, March 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.7%. World Kinect’s payout ratio is presently -7.84%.

Insider Activity

In other World Kinect news, Chairman Michael J. Kasbar sold 23,653 shares of World Kinect stock in a transaction on Friday, April 24th. The shares were sold at an average price of $28.18, for a total value of $666,541.54. Following the completion of the transaction, the chairman owned 1,062,797 shares of the company’s stock, valued at approximately $29,949,619.46. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul H. Stebbins sold 20,828 shares of World Kinect stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $27.69, for a total transaction of $576,727.32. Following the completion of the transaction, the director directly owned 40,669 shares of the company’s stock, valued at $1,126,124.61. The trade was a 33.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 77,928 shares of company stock worth $2,169,984 over the last three months. Corporate insiders own 3.80% of the company’s stock.

Institutional Trading of World Kinect

A number of institutional investors and hedge funds have recently modified their holdings of WKC. Hantz Financial Services Inc. increased its stake in shares of World Kinect by 282.7% during the third quarter. Hantz Financial Services Inc. now owns 1,286 shares of the company’s stock worth $33,000 after purchasing an additional 950 shares in the last quarter. Clearstead Advisors LLC increased its stake in shares of 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 purchasing an additional 436 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of World Kinect during the first quarter worth about $37,000. Aquatic Capital Management LLC purchased a new stake in shares of World Kinect during the third quarter worth about $61,000. Finally, Aster Capital Management DIFC Ltd increased its stake in shares of World Kinect by 977.9% during the fourth 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 in the last quarter. 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.