Semanteon Capital Management LP Buys New Position in World Kinect Co. (NYSE:WKC)

Semanteon Capital Management LP purchased a new position in shares of World Kinect Co. (NYSE:WKC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,155 shares of the company's stock, valued at approximately $554,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WKC. HHM Wealth Advisors LLC acquired a new position in shares of World Kinect in the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of World Kinect during the third quarter worth about $31,000. Quarry LP grew its holdings in shares of World Kinect by 3,600.0% during the third quarter. Quarry LP now owns 1,073 shares of the company's stock worth $33,000 after buying an additional 1,044 shares during the last quarter. Centricity Wealth Management LLC acquired a new position in World Kinect in the 4th quarter valued at about $74,000. Finally, KBC Group NV increased its position in World Kinect by 60.2% in the 4th 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 during the period. Hedge funds and other institutional investors own 97.06% of the company's stock.

World Kinect Stock Performance

WKC traded up $0.27 during trading on Wednesday, reaching $28.69. The company's stock had a trading volume of 501,710 shares, compared to its average volume of 681,460. 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's fifty day moving average price is $28.46 and its 200-day moving average price is $28.64. World Kinect Co. has a 52-week low of $21.38 and a 52-week high of $31.71. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.16.

Remove Ads

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 for the quarter, topping analysts' consensus estimates of $0.57 by $0.05. The firm had revenue of $9.76 billion for the quarter, compared to analyst estimates of $10.57 billion. World Kinect had a return on equity of 6.43% and a net margin of 0.16%. On average, equities analysts forecast that World Kinect Co. will post 2.56 earnings per share for the current fiscal year.

World Kinect Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a yield of 2.37%. World Kinect's dividend payout ratio (DPR) is presently 64.15%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus dropped their target price on World Kinect from $32.00 to $30.00 and set a "hold" rating on the stock in a report on Friday, February 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $29.80.

Insider Activity

In related news, CEO Michael J. Kasbar sold 21,507 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 1,019,063 shares of the company's stock, valued at $29,512,064.48. This trade represents a 2.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.90% of the company's stock.

World Kinect Company 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.