Great Lakes Advisors LLC bought a new position in World Kinect Co. (NYSE:WKC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 333,779 shares of the company's stock, valued at approximately $9,182,000. Great Lakes Advisors LLC owned approximately 0.57% of World Kinect as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. HHM Wealth Advisors LLC acquired a new position in World Kinect in the 4th quarter worth about $25,000. Wilmington Savings Fund Society FSB acquired a new position in World Kinect in the 3rd quarter worth about $31,000. Quarry LP increased its holdings in World Kinect by 3,600.0% in the 3rd quarter. Quarry LP now owns 1,073 shares of the company's stock worth $33,000 after purchasing an additional 1,044 shares in the last quarter. Centricity Wealth Management LLC acquired a new position in World Kinect in the 4th quarter worth about $74,000. Finally, KBC Group NV increased its holdings in World Kinect by 60.2% in the 4th quarter. KBC Group NV now owns 3,597 shares of the company's stock worth $99,000 after purchasing an additional 1,351 shares in the last quarter. Institutional investors and hedge funds own 97.06% of the company's stock.
Insider Activity at World Kinect
In related news, CEO Michael J. Kasbar sold 21,507 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $28.96, for a total transaction of $622,842.72. Following the sale, the chief executive officer now owns 1,019,063 shares in the company, valued at $29,512,064.48. This represents a 2.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is owned by corporate insiders.
World Kinect Trading Up 1.9 %
Shares of NYSE WKC traded up $0.53 during trading on Friday, reaching $27.96. The company had a trading volume of 981,254 shares, compared to its average volume of 667,167. The company's fifty day moving average price is $28.32 and its 200-day moving average price is $28.63. World Kinect Co. has a 12 month low of $21.38 and a 12 month high of $31.71. The stock has a market cap of $1.59 billion, a P/E ratio of 26.37, a PEG ratio of 0.89 and a beta of 1.16. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 0.39.
World Kinect (NYSE:WKC - Get Free Report) last released its quarterly 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. World Kinect had a return on equity of 6.43% and a net margin of 0.16%. The firm had revenue of $9.76 billion for the quarter, compared to analyst estimates of $10.57 billion. As a group, research analysts expect that World Kinect Co. will post 2.56 earnings per share for the current year.
World Kinect Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 31st will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.43%. World Kinect's payout ratio is 64.15%.
Wall Street Analysts Forecast Growth
Separately, Stifel Nicolaus lowered their target price on World Kinect from $32.00 to $30.00 and set a "hold" rating for the company in a report on Friday, February 21st. Two 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $29.80.
View Our Latest Stock Report on WKC
World Kinect Company Profile
(
Free Report)
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.
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