World Kinect Co. (NYSE:WKC) Shares Bought by Legato Capital Management LLC

Legato Capital Management LLC lifted its holdings in World Kinect Co. (NYSE:WKC - Free Report) by 51.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,888 shares of the company's stock after buying an additional 21,111 shares during the period. Legato Capital Management LLC owned approximately 0.11% of World Kinect worth $1,703,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Highland Capital Management LLC lifted its stake 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 worth $240,000 after buying an additional 547 shares in the last quarter. HHM Wealth Advisors LLC acquired a new position in shares of World Kinect in the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of World Kinect in the third quarter valued at approximately $31,000. Quarry LP lifted its stake in World Kinect by 3,600.0% in the third quarter. Quarry LP now owns 1,073 shares of the company's stock worth $33,000 after acquiring an additional 1,044 shares during the last quarter. Finally, Savant Capital LLC lifted its stake in World Kinect by 16.5% in the fourth quarter. Savant Capital LLC now owns 7,573 shares of the company's stock worth $208,000 after acquiring an additional 1,071 shares during the last quarter. 97.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus downgraded shares of World Kinect from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $33.00 to $32.00 in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $30.20.

World Kinect Stock Performance

Shares of World Kinect stock traded down $0.86 during trading on Friday, reaching $27.32. The company's stock had a trading volume of 618,089 shares, compared to its average volume of 521,522. The company has a 50-day moving average price of $27.92 and a two-hundred day moving average price of $28.43. The firm has a market cap of $1.59 billion, a PE ratio of 12.14, a P/E/G ratio of 0.92 and a beta of 1.27. World Kinect Co. has a fifty-two week low of $21.38 and a fifty-two week high of $31.70. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39.

World Kinect Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 23rd were issued a $0.17 dividend. The ex-dividend date was Monday, December 23rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.49%. World Kinect's payout ratio is 30.22%.

World Kinect 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.