16,181 Shares in World Kinect Co. (NYSE:WKC) Bought by Two Sigma Securities LLC

Two Sigma Securities LLC bought a new position in World Kinect Co. (NYSE:WKC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 16,181 shares of the company's stock, valued at approximately $445,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WKC. Stifel Financial Corp purchased a new stake in World Kinect during the 3rd quarter valued at about $485,000. Barclays PLC grew its position in World Kinect by 18.6% during the 3rd quarter. Barclays PLC now owns 256,126 shares of the company's stock valued at $7,918,000 after purchasing an additional 40,233 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in World Kinect during the 3rd quarter valued at about $31,000. Principal Financial Group Inc. grew its position 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. Finally, Nordea Investment Management AB grew its position in World Kinect by 1.5% during the 4th quarter. Nordea Investment Management AB now owns 138,386 shares of the company's stock valued at $3,779,000 after purchasing an additional 2,012 shares during the last quarter. 97.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WKC. Bank of America dropped their price target on shares of World Kinect from $27.00 to $26.00 and set an "underperform" rating on the stock in a report on Friday. Stifel Nicolaus dropped their price target on shares of World Kinect from $32.00 to $30.00 and set a "hold" rating on the stock in a report on Friday, February 21st.

World Kinect Stock Performance

Shares of NYSE:WKC traded down $0.05 during trading on Tuesday, hitting $24.78. The company's stock had a trading volume of 586,234 shares, compared to its average volume of 763,313. The company has a 50-day moving average of $26.89 and a 200-day moving average of $27.75. World Kinect Co. has a 12 month low of $22.71 and a 12 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. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 23.38, a P/E/G ratio of 0.89 and a beta of 1.19.

World Kinect (NYSE:WKC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. World Kinect had a net margin of 0.16% and a return on equity of 6.43%. The firm had revenue of $9.45 billion for the quarter, compared to analysts' expectations of $10.47 billion. During the same quarter in the prior year, the business earned $0.47 EPS. The business's quarterly revenue was down 13.7% on a year-over-year basis. On average, sell-side analysts expect that World Kinect Co. will post 2.56 earnings per share for the current year.

World Kinect Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend was Monday, March 31st. World Kinect's dividend payout ratio (DPR) is presently 283.33%.

Insider Transactions at World Kinect

In related news, CEO Michael J. Kasbar sold 21,507 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were 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 owns 1,019,063 shares of the company's stock, valued at approximately $29,512,064.48. This represents a 2.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.90% of the company's stock.

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.