SG Americas Securities LLC Has $857,000 Position in World Kinect Co. (NYSE:WKC)

SG Americas Securities LLC lowered its position in World Kinect Co. (NYSE:WKC - Free Report) by 50.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,139 shares of the company's stock after selling 32,202 shares during the period. SG Americas Securities LLC owned 0.05% of World Kinect worth $857,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of World Kinect during the 3rd quarter worth $31,000. Quarry LP boosted its holdings in World Kinect by 3,600.0% in the third quarter. Quarry LP now owns 1,073 shares of the company's stock worth $33,000 after purchasing an additional 1,044 shares in the last quarter. Hara Capital LLC acquired a new position in World Kinect during the third quarter worth $76,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in World Kinect by 20.7% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,927 shares of the company's stock valued at $179,000 after buying an additional 1,189 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in shares of World Kinect in the third quarter worth about $201,000. Institutional investors own 97.06% of the company's stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lowered World Kinect from a "buy" rating to a "hold" rating and lowered their price objective for the company from $33.00 to $32.00 in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $30.20.

World Kinect Stock Performance

World Kinect stock traded down $0.33 on Friday, reaching $28.28. 1,053,384 shares of the stock were exchanged, compared to its average volume of 500,634. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39. World Kinect Co. has a twelve month low of $21.38 and a twelve month high of $31.70. The firm has a fifty day moving average price of $28.09 and a two-hundred day moving average price of $28.35. The stock has a market cap of $1.64 billion, a PE ratio of 12.57, a PEG ratio of 0.94 and a beta of 1.28.

World Kinect Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 23rd were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Monday, December 23rd. World Kinect's dividend payout ratio (DPR) is currently 30.22%.

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.