World Kinect Co. (NYSE:WKC) Receives Average Recommendation of “Hold” from Analysts

by · The Markets Daily

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World Kinect Co. (NYSE:WKC – Get Free Report) has been given a consensus recommendation of “Hold” by the three research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $25.33.

WKC has been the subject of a number of research analyst reports. StockNews.com initiated coverage on shares of World Kinect in a research report on Thursday, August 31st. They set a “buy” rating for the company. Morgan Stanley initiated coverage on shares of World Kinect in a research report on Monday, November 6th. They set an “equal weight” rating and a $24.00 target price for the company.

Read Our Latest Analysis on World Kinect

World Kinect Price Performance

NYSE WKC opened at $21.10 on Friday. World Kinect has a 12 month low of $17.69 and a 12 month high of $30.65. The company’s 50-day moving average is $20.79. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 1.12. The firm has a market cap of $1.27 billion, a P/E ratio of 12.06, a P/E/G ratio of 2.23 and a beta of 1.30.

World Kinect (NYSE:WKC – Get Free Report) last posted its earnings results on Thursday, October 26th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. The firm had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.51 billion. World Kinect had a net margin of 0.22% and a return on equity of 6.11%. As a group, equities research analysts anticipate that World Kinect will post 1.92 EPS for the current year.

World Kinect Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Monday, October 2nd were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.65%. The ex-dividend date was Friday, September 29th. World Kinect’s dividend payout ratio (DPR) is 32.00%.

Institutional Trading of World Kinect

Several large investors have recently bought and sold shares of the company. Teacher Retirement System of Texas grew its position in World Kinect by 40.0% in the second quarter. Teacher Retirement System of Texas now owns 21,399 shares of the company’s stock valued at $443,000 after acquiring an additional 6,117 shares in the last quarter. Diversified Trust Co raised its holdings in World Kinect by 17.2% in the second quarter. Diversified Trust Co now owns 14,644 shares of the company’s stock valued at $303,000 after acquiring an additional 2,149 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in World Kinect by 12.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 32,600 shares of the company’s stock valued at $674,000 after acquiring an additional 3,700 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in World Kinect by 36.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,438 shares of the company’s stock worth $195,000 after acquiring an additional 2,538 shares in the last quarter. Finally, Boothe Investment Group Inc. increased its position in shares of World Kinect by 3.3% in the 2nd quarter. Boothe Investment Group Inc. now owns 234,398 shares of the company’s stock worth $4,847,000 after purchasing an additional 7,432 shares during the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.

About World Kinect

(Get Free Report

World Kinect Corporation engages in the distribution of fuel and related products and services in the aviation, marine and land transportation industries worldwide. Its Aviation segment supplies fuel and related products and services to commercial airlines, second and third tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, charters, fractional operators, private aircraft, the U.S., foreign governments, intergovernmental, and military customers.

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