World Kinect Co. (NYSE:WKC) Shares Acquired by Boston Partners

Boston Partners raised its position in shares of World Kinect Co. (NYSE:WKC - Free Report) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,492,026 shares of the company's stock after acquiring an additional 63,234 shares during the quarter. Boston Partners owned approximately 2.57% of World Kinect worth $41,226,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. QRG Capital Management Inc. raised its holdings in World Kinect by 3.7% in the 4th quarter. QRG Capital Management Inc. now owns 14,543 shares of the company's stock valued at $400,000 after acquiring an additional 517 shares during the last quarter. Highland Capital Management LLC grew its position in shares of World Kinect by 6.7% in the fourth quarter. Highland Capital Management LLC now owns 8,728 shares of the company's stock valued at $240,000 after purchasing an additional 547 shares in the last quarter. HHM Wealth Advisors LLC acquired a new stake in shares of World Kinect in the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB purchased a new position in World Kinect during the third quarter worth approximately $31,000. Finally, Quarry LP boosted its stake in World Kinect by 3,600.0% during the third quarter. Quarry LP now owns 1,073 shares of the company's stock worth $33,000 after buying an additional 1,044 shares during the last quarter. Hedge funds and other institutional investors own 97.06% of the company's stock.

World Kinect Trading Up 0.3 %

Shares of WKC stock traded up $0.10 during trading on Monday, hitting $28.15. 857,755 shares of the stock traded hands, compared to its average volume of 680,296. The firm has a market capitalization of $1.60 billion, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. World Kinect Co. has a 52-week low of $21.38 and a 52-week high of $31.71. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.16 and a quick ratio of 0.99. The firm's fifty day moving average price is $28.43 and its 200-day moving average price is $28.63.

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

World Kinect Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Monday, March 31st. World Kinect's dividend payout ratio (DPR) is presently 64.15%.

Insider Buying and Selling at World Kinect

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

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut their target price on World Kinect from $32.00 to $30.00 and set a "hold" rating for the company in a research note on Friday, February 21st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, World Kinect 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.