Amundi Has $4.54 Million Stock Holdings in World Kinect Co. (NYSE:WKC)

Amundi lifted its position in World Kinect Co. (NYSE:WKC - Free Report) by 1,254.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,928 shares of the company's stock after acquiring an additional 152,750 shares during the period. Amundi owned about 0.28% of World Kinect worth $4,536,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WKC. Geode Capital Management LLC boosted its position in World Kinect by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,370,124 shares of the company's stock worth $42,358,000 after acquiring an additional 22,077 shares during the period. Algert Global LLC boosted its holdings in shares of World Kinect by 88.0% during the third quarter. Algert Global LLC now owns 138,560 shares of the company's stock worth $4,283,000 after purchasing an additional 64,867 shares during the period. Quantbot Technologies LP grew its position in World Kinect by 244.6% during the third quarter. Quantbot Technologies LP now owns 86,746 shares of the company's stock valued at $2,681,000 after purchasing an additional 61,572 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in World Kinect in the 4th quarter valued at approximately $50,707,000. Finally, Principal Financial Group Inc. lifted its position in World Kinect by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,341,484 shares of the company's stock worth $41,465,000 after buying an additional 56,952 shares in the last quarter. Hedge funds and other institutional investors own 97.06% of the company's stock.

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World Kinect Stock Up 1.0 %

NYSE:WKC traded up $0.30 during mid-day trading on Wednesday, reaching $28.80. The stock had a trading volume of 392,003 shares, compared to its average volume of 697,256. The stock has a market cap of $1.63 billion, a P/E ratio of 27.17, a PEG ratio of 0.89 and a beta of 1.16. The business's 50 day moving average is $28.37 and its 200 day moving average is $28.63. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.16 and a quick ratio of 0.99. World Kinect Co. has a fifty-two week low of $21.38 and a fifty-two week high of $31.70.

World Kinect (NYSE:WKC - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.05. The company had revenue of $9.76 billion for the quarter, compared to analyst estimates of $10.57 billion. World Kinect had a return on equity of 6.43% and a net margin of 0.16%. As a group, sell-side analysts predict that World Kinect Co. will post 2.56 earnings per share for the current year.

World Kinect Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Monday, March 31st. World Kinect's dividend payout ratio is currently 64.15%.

Insiders Place Their Bets

In other news, CEO Michael J. Kasbar sold 21,507 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $28.96, for a total value of $622,842.72. Following the sale, the chief executive officer now owns 1,019,063 shares in the company, valued at approximately $29,512,064.48. This trade represents a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.90% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lowered their price target on shares of World Kinect from $32.00 to $30.00 and set a "hold" rating on the stock in a report on Friday, February 21st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $29.80.

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.