Sanctuary Advisors LLC Sells 18,316 Shares of World Kinect Co. (NYSE:WKC)

Sanctuary Advisors LLC reduced its stake in World Kinect Co. (NYSE:WKC - Free Report) by 46.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 21,069 shares of the company's stock after selling 18,316 shares during the quarter. Sanctuary Advisors LLC's holdings in World Kinect were worth $603,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in World Kinect by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,370,124 shares of the company's stock valued at $42,358,000 after buying an additional 22,077 shares during the last quarter. Algert Global LLC increased its position in World Kinect by 88.0% during the third quarter. Algert Global LLC now owns 138,560 shares of the company's stock worth $4,283,000 after acquiring an additional 64,867 shares during the period. Quantbot Technologies LP raised its stake in World Kinect by 244.6% during the 3rd quarter. Quantbot Technologies LP now owns 86,746 shares of the company's stock valued at $2,681,000 after purchasing an additional 61,572 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in World Kinect during the 4th quarter valued at $50,707,000. Finally, Principal Financial Group Inc. raised its stake in World Kinect by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,341,484 shares of the company's stock valued at $41,465,000 after purchasing an additional 56,952 shares during the last quarter. Institutional investors own 97.06% of the company's stock.

World Kinect Price Performance

Shares of World Kinect stock traded down $0.21 during trading on Wednesday, hitting $28.36. 852,233 shares of the company's stock traded hands, compared to its average volume of 675,921. The company has a market cap of $1.61 billion, a PE ratio of 26.75, a PEG ratio of 0.89 and a beta of 1.27. The firm's fifty day moving average price is $28.25 and its 200 day moving average price is $28.63. World Kinect Co. has a twelve month low of $21.38 and a twelve month high of $31.71. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.16 and a quick ratio of 0.99.

World Kinect (NYSE:WKC - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.05. World Kinect had a return on equity of 6.43% and a net margin of 0.16%. The company had revenue of $9.76 billion for the quarter, compared to the consensus estimate of $10.57 billion. Analysts forecast that World Kinect Co. will post 2.56 earnings per share for the current year.

World Kinect Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.17 per share. The ex-dividend date was Monday, December 23rd. This represents a $0.68 annualized dividend and a yield of 2.40%. World Kinect's dividend payout ratio is currently 64.15%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut their price objective on shares of 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 equities 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $29.80.

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.