World Kinect Co. (NYSE:WKC) Given Average Rating of “Hold” by Brokerages

World Kinect Co. (NYSE:WKC) has earned a consensus rating of “Hold” from the four analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $26.75.

A number of equities analysts have recently weighed in on WKC shares. Raymond James upped their price objective on World Kinect from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 3rd. Bank of America increased their price target on World Kinect from $23.00 to $26.00 and gave the company an “underperform” rating in a research note on Thursday, March 14th.

Insider Activity

In other news, Director Ken Bakshi sold 10,936 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was 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 approximately $999,988.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On World Kinect

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of World Kinect by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 7,056,230 shares of the company’s stock valued at $186,637,000 after purchasing an additional 146,899 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of World Kinect in the fourth quarter worth approximately $90,585,000. Brandes Investment Partners LP purchased a new stake in shares of World Kinect in the fourth quarter worth approximately $57,423,000. Principal Financial Group Inc. raised its holdings in shares of World Kinect by 3.4% in the first quarter. Principal Financial Group Inc. now owns 1,631,393 shares of the company’s stock worth $43,150,000 after buying an additional 52,930 shares during the period. Finally, Boston Partners raised its holdings in shares of World Kinect by 12.4% in the first quarter. Boston Partners now owns 1,358,173 shares of the company’s stock worth $35,263,000 after buying an additional 149,433 shares during the period. 97.06% of the stock is owned by institutional investors.

World Kinect Stock Down 0.0 %

World Kinect stock opened at $25.79 on Tuesday. The stock has a market cap of $1.55 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 0.83 and a beta of 1.24. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.14. World Kinect has a one year low of $17.69 and a one year high of $26.83. The stock has a fifty day moving average of $25.22 and a 200 day moving average of $24.40.

World Kinect (NYSE:WKC) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). The firm had revenue of $10.95 billion for the quarter, compared to analysts’ expectations of $12.29 billion. World Kinect had a net margin of 0.12% and a return on equity of 6.39%. As a group, sell-side analysts predict that World Kinect will post 2.3 EPS for the current year.

World Kinect Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Monday, June 17th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Monday, June 17th. World Kinect’s payout ratio 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.