Invesco Ltd. boosted its position in World Kinect Co. (NYSE:WKC - Free Report) by 30.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,067,946 shares of the company's stock after purchasing an additional 719,631 shares during the period. Invesco Ltd. owned approximately 5.28% of World Kinect worth $84,399,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hennessy Advisors Inc. acquired a new stake in shares of World Kinect in the fourth quarter valued at $50,707,000. Great Lakes Advisors LLC acquired a new position in World Kinect during the fourth quarter valued at $9,182,000. Amundi raised its holdings in shares of World Kinect by 1,254.3% during the fourth quarter. Amundi now owns 164,928 shares of the company's stock worth $4,536,000 after acquiring an additional 152,750 shares in the last quarter. Norges Bank bought a new position in World Kinect during the fourth quarter valued at approximately $3,315,000. Finally, ExodusPoint Capital Management LP bought a new stake in World Kinect in the fourth quarter worth $2,978,000. 97.06% of the stock is owned by institutional investors.
World Kinect Stock Performance
World Kinect stock traded down $0.29 during mid-day trading on Wednesday, reaching $23.54. The company had a trading volume of 521,961 shares, compared to its average volume of 744,246. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 0.39. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 0.89 and a beta of 1.19. The company has a 50 day moving average of $27.59 and a 200-day moving average of $28.19. World Kinect Co. has a 52 week low of $21.38 and a 52 week high of $31.71.
World Kinect (NYSE:WKC - Get Free Report) last announced 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 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%. On average, sell-side analysts expect that World Kinect Co. will post 2.56 EPS for the current fiscal year.
World Kinect Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Monday, March 31st. World Kinect's payout ratio is 64.15%.
Insider Activity
In other World Kinect news, CEO Michael J. Kasbar sold 21,507 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $28.96, for a total transaction of $622,842.72. Following 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 represents a 2.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Separately, Stifel Nicolaus decreased their price objective on shares of World Kinect from $32.00 to $30.00 and set a "hold" rating for the company in a report on Friday, February 21st.
Read Our Latest Stock Analysis on World Kinect
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.
Featured Stories
Before you consider World Kinect, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and World Kinect wasn't on the list.
While World Kinect currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
