Quantbot Technologies LP lifted its stake in shares of World Kinect Co. (NYSE:WKC - Free Report) by 17.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 101,873 shares of the company's stock after acquiring an additional 15,127 shares during the quarter. Quantbot Technologies LP owned about 0.18% of World Kinect worth $2,803,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Hennessy Advisors Inc. bought a new position in World Kinect in the 4th quarter worth $50,707,000. Great Lakes Advisors LLC acquired a new stake in shares of World Kinect in the fourth quarter valued at about $9,182,000. Amundi lifted its position in shares of World Kinect by 1,254.3% during the 4th quarter. Amundi now owns 164,928 shares of the company's stock worth $4,536,000 after purchasing an additional 152,750 shares during the last quarter. Moran Wealth Management LLC bought a new stake in World Kinect during the 4th quarter valued at approximately $2,295,000. Finally, Kingsview Wealth Management LLC acquired a new stake in World Kinect in the 4th quarter valued at approximately $2,248,000. Institutional investors and hedge funds own 97.06% of the company's stock.
World Kinect Stock Performance
Shares of NYSE:WKC traded up $0.01 during trading on Thursday, hitting $28.68. 456,973 shares of the stock were exchanged, compared to its average volume of 680,243. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth 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 1-year low of $21.38 and a 1-year high of $31.71. The company's fifty day simple moving average is $28.47 and its 200-day simple moving average is $28.64.
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 (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.05. World Kinect had a net margin of 0.16% and a return on equity of 6.43%. The company had revenue of $9.76 billion during the quarter, compared to analysts' expectations of $10.57 billion. Sell-side analysts expect that World Kinect Co. will post 2.56 EPS for the current fiscal year.
World Kinect Dividend Announcement
The business also recently disclosed 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 annualized dividend and a dividend yield of 2.37%. World Kinect's dividend payout ratio is currently 64.15%.
Insider Transactions at World Kinect
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 value of $622,842.72. Following the sale, the chief executive officer now directly owns 1,019,063 shares in the company, valued at $29,512,064.48. This represents a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.90% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Separately, Stifel Nicolaus reduced their price objective on World Kinect from $32.00 to $30.00 and set a "hold" rating for the company in a research report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $29.80.
Read 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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