World Kinect Co. (NYSE:WKC) Holdings Lifted by Sei Investments Co.

Sei Investments Co. boosted its stake in World Kinect Co. (NYSE:WKC - Free Report) by 49.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,860 shares of the company's stock after acquiring an additional 10,944 shares during the period. Sei Investments Co. owned 0.06% of World Kinect worth $904,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. HHM Wealth Advisors LLC acquired a new position in shares of World Kinect in the 4th quarter worth approximately $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of World Kinect during the third quarter worth $31,000. Quarry LP boosted its holdings in shares of World Kinect by 3,600.0% in the 3rd quarter. Quarry LP now owns 1,073 shares of the company's stock valued at $33,000 after buying an additional 1,044 shares during the period. Centricity Wealth Management LLC bought a new stake in shares of World Kinect during the 4th 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 during the period. 97.06% of the stock is currently owned by institutional investors.

Insider Transactions at World Kinect

In other World Kinect news, CEO Michael J. Kasbar sold 21,507 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.90% of the company's stock.

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World Kinect Stock Performance

NYSE WKC traded up $0.32 on Friday, hitting $23.90. The stock had a trading volume of 782,503 shares, compared to its average volume of 745,493. World Kinect Co. has a one year low of $21.38 and a one year high of $31.71. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 0.39. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 0.89 and a beta of 1.19. The company's 50-day moving average is $27.78 and its two-hundred day moving average is $28.27.

World Kinect (NYSE:WKC - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.62 EPS 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 analyst estimates of $10.57 billion. On average, analysts expect 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 will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be given a dividend of $0.17 per share. The ex-dividend date is Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.84%. World Kinect's dividend payout ratio (DPR) is presently 64.15%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus cut their price target on World Kinect from $32.00 to $30.00 and set a "hold" rating on the stock in a report on Friday, February 21st.

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.