World Kinect Co. (NYSE:WKC) Receives $26.75 Average PT from Analysts

World Kinect Co. (NYSE:WKC) has received a consensus recommendation of “Hold” from the four research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $26.75.

Several research analysts have recently issued reports on the company. Raymond James lifted their price target on World Kinect from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. began coverage on World Kinect in a research report on Wednesday, February 21st. They set a “neutral” rating and a $25.00 price objective for the company. Finally, Bank of America lifted their price objective on World Kinect from $23.00 to $26.00 and gave the stock an “underperform” rating in a research report on Thursday, March 14th.

Insiders Place Their Bets

In related news, Director Ken Bakshi sold 10,936 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $24.07, for a total transaction of $263,229.52. Following the completion of the sale, the director now directly owns 41,545 shares of the company’s stock, valued at approximately $999,988.15. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Paul H. Stebbins sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $24.37, for a total value of $487,400.00. Following the completion of the sale, the director now directly owns 75,375 shares of the company’s stock, valued at $1,836,888.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ken Bakshi sold 10,936 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $24.07, for a total value of $263,229.52. Following the completion of the sale, the director now directly owns 41,545 shares of the company’s stock, valued at $999,988.15. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

Institutional Trading of World Kinect

Several hedge funds and other institutional investors have recently bought and sold shares of WKC. Headlands Technologies LLC bought a new position in World Kinect in the 4th quarter worth about $29,000. Allspring Global Investments Holdings LLC bought a new stake in World Kinect during the 4th quarter valued at $32,000. Allworth Financial LP acquired a new position in World Kinect during the 4th quarter worth $35,000. Parkside Financial Bank & Trust acquired a new position in shares of World Kinect during the fourth quarter valued at $45,000. Finally, Assetmark Inc. bought a new stake in shares of World Kinect during the fourth quarter valued at about $96,000. 97.06% of the stock is owned by institutional investors.

World Kinect Price Performance

World Kinect stock opened at $24.60 on Monday. World Kinect has a one year low of $17.69 and a one year high of $26.83. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.14. The business has a fifty day moving average of $25.03 and a two-hundred day moving average of $23.00. The company has a market cap of $1.47 billion, a P/E ratio of 26.45, a price-to-earnings-growth ratio of 2.19 and a beta of 1.27.

World Kinect (NYSE:WKC) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.04. The business had revenue of $12 billion during the quarter, compared to the consensus estimate of $12.23 billion. World Kinect had a return on equity of 6.39% and a net margin of 0.12%. During the same quarter in the previous year, the company posted $0.54 EPS. As a group, analysts predict that World Kinect will post 2.19 earnings per share for the current fiscal year.

World Kinect Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Monday, March 25th were issued a dividend of $0.17 per share. This is an increase from World Kinect’s previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Friday, March 22nd. World Kinect’s dividend payout ratio (DPR) is presently 73.12%.

World Kinect Company Profile

World Kinect Corporation operates as an energy management company in the United States, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. This segment also offers fuel management, price risk management, ground handling, dispatch services, and trip planning services, such as flight planning and scheduling, weather reports and overflight permits; payment and processing services; and operates a web-based marketplace platform.