Proficio Capital Partners LLC purchased a new position in shares of World Kinect Co. (NYSE:WKC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,762 shares of the company's stock, valued at approximately $516,000.
Other hedge funds have also recently made changes to their positions in the company. Quest Partners LLC grew its holdings in shares of World Kinect by 678,100.0% in the third quarter. Quest Partners LLC now owns 6,782 shares of the company's stock worth $210,000 after purchasing an additional 6,781 shares during the last quarter. Intech Investment Management LLC purchased a new stake in World Kinect in the 3rd quarter worth approximately $454,000. Charles Schwab Investment Management Inc. grew its position in shares of World Kinect by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,371,030 shares of the company's stock worth $42,379,000 after buying an additional 4,201 shares during the last quarter. Algert Global LLC increased its stake in shares of World Kinect by 88.0% during the third quarter. Algert Global LLC now owns 138,560 shares of the company's stock valued at $4,283,000 after buying an additional 64,867 shares during the period. Finally, Quantbot Technologies LP raised its holdings in shares of World Kinect by 244.6% during the third quarter. Quantbot Technologies LP now owns 86,746 shares of the company's stock valued at $2,681,000 after acquiring an additional 61,572 shares in the last quarter. 97.06% of the stock is currently owned by institutional investors.
Insider Activity
In other World Kinect news, CEO Michael J. Kasbar sold 21,507 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $28.96, for a total value of $622,842.72. Following the transaction, the chief executive officer now directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company's stock.
Analysts Set New Price Targets
Separately, Stifel Nicolaus cut their price target on shares of World Kinect from $32.00 to $30.00 and set a "hold" rating on the stock in a report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $29.80.
View Our Latest Stock Analysis on WKC
World Kinect Stock Up 0.0 %
Shares of NYSE WKC traded up $0.01 during mid-day trading on Thursday, hitting $28.68. 456,973 shares of the stock traded hands, compared to its average volume of 753,155. The stock has a fifty day moving average price of $28.47 and a 200-day moving average price of $28.64. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 0.89 and a beta of 1.16. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.16. World Kinect Co. has a 52 week low of $21.38 and a 52 week high of $31.70.
World Kinect (NYSE:WKC - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. World Kinect had a net margin of 0.16% and a return on equity of 6.43%. The business had revenue of $9.76 billion for the quarter, compared to analyst estimates of $10.57 billion. Research analysts anticipate that World Kinect Co. will post 2.56 EPS for the current year.
World Kinect Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be paid a $0.17 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.37%. World Kinect's dividend payout ratio is currently 64.15%.
About World Kinect
(
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.
Further Reading
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
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
