WINTON GROUP Ltd Has $1.51 Million Stock Holdings in World Kinect Co. (NYSE:WKC)

WINTON GROUP Ltd cut its position in World Kinect Co. (NYSE:WKC - Free Report) by 52.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,976 shares of the company's stock after selling 60,184 shares during the quarter. WINTON GROUP Ltd owned 0.09% of World Kinect worth $1,512,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HHM Wealth Advisors LLC bought a new stake in World Kinect during the fourth quarter worth $25,000. Wilmington Savings Fund Society FSB bought a new stake in shares of World Kinect during the 3rd quarter worth $31,000. Quarry LP boosted its stake in World Kinect by 3,600.0% in the third quarter. Quarry LP now owns 1,073 shares of the company's stock valued at $33,000 after buying an additional 1,044 shares in the last quarter. Centricity Wealth Management LLC bought a new position in World Kinect in the fourth quarter valued at about $74,000. Finally, KBC Group NV raised its stake in World Kinect by 60.2% during the fourth quarter. KBC Group NV now owns 3,597 shares of the company's stock worth $99,000 after acquiring an additional 1,351 shares in the last quarter. Institutional investors own 97.06% of the company's stock.

World Kinect Trading Up 0.2 %

World Kinect stock traded up $0.06 during trading hours on Tuesday, hitting $28.42. The stock had a trading volume of 465,562 shares, compared to its average volume of 728,230. The business's 50 day simple moving average is $28.50 and its 200-day simple moving average is $28.65. World Kinect Co. has a one year low of $21.38 and a one year high of $31.71. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 26.81, a P/E/G ratio of 0.89 and a beta of 1.16. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 0.39.

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World Kinect (NYSE:WKC - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.05. World Kinect had a net margin of 0.16% and a return on equity of 6.43%. The business had revenue of $9.76 billion during the quarter, compared to analyst estimates of $10.57 billion. On average, equities analysts predict that World Kinect Co. will post 2.56 EPS 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 dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.39%. The ex-dividend date is Monday, March 31st. World Kinect's payout ratio is presently 64.15%.

Insider Buying and Selling

In related news, CEO Michael J. Kasbar sold 21,507 shares of World Kinect stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $28.96, for a total transaction 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 $29,512,064.48. This trade represents a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus decreased 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. Two 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 MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $29.80.

World Kinect 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.