Empowered Funds LLC Grows Position in World Kinect Co. (NYSE:WKC)

Empowered Funds LLC lifted its holdings in World Kinect Co. (NYSE:WKC - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 315,669 shares of the company's stock after acquiring an additional 15,234 shares during the period. Empowered Funds LLC owned 0.54% of World Kinect worth $8,684,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in WKC. Highland Capital Management LLC boosted its stake in World Kinect by 6.7% in the 4th quarter. Highland Capital Management LLC now owns 8,728 shares of the company's stock worth $240,000 after purchasing an additional 547 shares during the period. HHM Wealth Advisors LLC purchased a new position in shares of World Kinect in the fourth quarter worth $25,000. Wilmington Savings Fund Society FSB bought a new stake in World Kinect in the 3rd quarter valued at $31,000. Quarry LP boosted its holdings in shares of World Kinect by 3,600.0% during the 3rd quarter. Quarry LP now owns 1,073 shares of the company's stock valued at $33,000 after purchasing an additional 1,044 shares during the last quarter. Finally, Inspire Investing LLC increased its holdings in shares of World Kinect by 10.0% in the fourth quarter. Inspire Investing LLC now owns 14,620 shares of the company's stock worth $402,000 after purchasing an additional 1,324 shares during the last quarter. Institutional investors own 97.06% of the company's stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lowered World Kinect from a "buy" rating to a "hold" rating and dropped their price target for the company from $33.00 to $32.00 in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $30.20.

World Kinect Price Performance

Shares of World Kinect stock traded up $0.17 during trading hours on Thursday, reaching $28.19. The company's stock had a trading volume of 335,745 shares, compared to its average volume of 512,660. 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 one year low of $21.38 and a one year high of $31.70. The firm has a 50 day moving average price of $27.95 and a 200-day moving average price of $28.43. The stock has a market cap of $1.64 billion, a P/E ratio of 12.53, a P/E/G ratio of 0.92 and a beta of 1.27.

World Kinect Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 23rd were given a dividend of $0.17 per share. The ex-dividend date was Monday, December 23rd. This represents a $0.68 dividend on an annualized basis and a yield of 2.41%. World Kinect's dividend payout ratio (DPR) is presently 30.22%.

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.