American Century Companies Inc. Sells 194,320 Shares of World Kinect Co. (NYSE:WKC)

American Century Companies Inc. decreased its holdings in World Kinect Co. (NYSE:WKC - Free Report) by 17.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 933,238 shares of the company's stock after selling 194,320 shares during the period. American Century Companies Inc. owned approximately 1.61% of World Kinect worth $25,673,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WKC. Intech Investment Management LLC bought a new position in shares of World Kinect in the 3rd quarter valued at $454,000. Charles Schwab Investment Management Inc. grew its holdings in World Kinect by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,371,030 shares of the company's stock worth $42,379,000 after acquiring an additional 4,201 shares during the last quarter. Edgestream Partners L.P. increased its position in World Kinect by 369.1% in the 3rd quarter. Edgestream Partners L.P. now owns 63,542 shares of the company's stock valued at $1,964,000 after acquiring an additional 49,997 shares during the period. HighTower Advisors LLC acquired a new position in World Kinect in the 3rd quarter valued at approximately $297,000. Finally, Point72 Asset Management L.P. bought a new position in shares of World Kinect during the third quarter valued at $535,000. Institutional investors and hedge funds own 97.06% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reduced their price objective on shares of World Kinect from $32.00 to $30.00 and set a "hold" rating on the stock in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $29.80.

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World Kinect Trading Down 7.3 %

NYSE:WKC traded down $2.08 on Thursday, reaching $26.31. 813,750 shares of the stock traded hands, compared to its average volume of 728,118. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 0.89 and a beta of 1.15. World Kinect Co. has a 1-year low of $21.38 and a 1-year high of $31.71. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39. The company's 50 day moving average is $28.46 and its 200-day moving average is $28.63.

World Kinect (NYSE:WKC - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.05. The company had revenue of $9.76 billion during the quarter, compared to analysts' expectations of $10.57 billion. World Kinect had a net margin of 0.16% and a return on equity of 6.43%. Equities research analysts anticipate that World Kinect Co. will post 2.56 EPS for the current fiscal year.

World Kinect Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Monday, March 31st. World Kinect's dividend payout ratio is 64.15%.

Insider Activity at World Kinect

In other World Kinect news, CEO Michael J. Kasbar sold 21,507 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $28.96, for a total value of $622,842.72. Following the transaction, the chief executive officer now directly owns 1,019,063 shares of the company's stock, valued at approximately $29,512,064.48. The trade was a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.90% of the stock is owned by corporate insiders.

World Kinect 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.