Rhumbline Advisers Raises Stake in World Kinect Co. (NYSE:WKC)

Rhumbline Advisers grew its stake in shares of World Kinect Co. (NYSE:WKC - Free Report) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 208,980 shares of the company's stock after buying an additional 14,233 shares during the period. Rhumbline Advisers owned 0.36% of World Kinect worth $5,749,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC bought a new position in shares of World Kinect during the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of World Kinect in the third quarter worth about $31,000. Quarry LP increased its holdings in shares of World Kinect by 3,600.0% in the 3rd quarter. Quarry LP now owns 1,073 shares of the company's stock valued at $33,000 after purchasing an additional 1,044 shares during the period. Hara Capital LLC purchased a new stake in shares of World Kinect during the third quarter worth $76,000. Finally, KBC Group NV raised its position in World Kinect by 60.2% during the fourth quarter. KBC Group NV now owns 3,597 shares of the company's stock valued at $99,000 after acquiring an additional 1,351 shares in the last quarter. Institutional investors and hedge funds own 97.06% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus decreased their price target 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. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, World Kinect presently has a consensus rating of "Hold" and an average target price of $29.80.

World Kinect Trading Up 0.4 %

Shares of World Kinect stock traded up $0.11 during trading on Friday, reaching $29.91. 1,815,961 shares of the company were exchanged, compared to its average volume of 672,247. 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 capitalization of $1.74 billion, a price-to-earnings ratio of 28.22, a P/E/G ratio of 0.89 and a beta of 1.27. The business has a 50-day moving average price of $28.14 and a 200-day moving average price of $28.60. World Kinect Co. has a twelve month low of $21.38 and a twelve month high of $31.71.

World Kinect (NYSE:WKC - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.62 earnings per share for the quarter, beating 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 company had revenue of $9.76 billion during the quarter, compared to analysts' expectations of $10.57 billion. Sell-side analysts anticipate that World Kinect Co. will post 2.56 EPS for the current fiscal year.

World Kinect Announces Dividend

The company 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 2.27%. World Kinect's payout ratio is 64.15%.

About World Kinect

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.