World Kinect Co. (NYSE:WKC) Shares Acquired by Barclays PLC

Barclays PLC raised its position in World Kinect Co. (NYSE:WKC - Free Report) by 4.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 267,670 shares of the company's stock after acquiring an additional 11,544 shares during the period. Barclays PLC owned approximately 0.46% of World Kinect worth $7,363,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in WKC. HHM Wealth Advisors LLC acquired a new stake in World Kinect in the fourth quarter valued at about $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of World Kinect in the 3rd quarter valued at approximately $31,000. Headlands Technologies LLC purchased a new stake in shares of World Kinect in the fourth quarter valued at approximately $48,000. Centricity Wealth Management LLC purchased a new position in World Kinect in the fourth quarter worth $74,000. Finally, New Age Alpha Advisors LLC acquired a new stake in World Kinect in the fourth quarter valued at $98,000. Hedge funds and other institutional investors own 97.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Bank of America lowered their price target on shares of World Kinect from $27.00 to $26.00 and set an "underperform" rating on the stock in a research note on Friday. Stifel Nicolaus dropped their target price on shares of World Kinect from $32.00 to $30.00 and set a "hold" rating for the company in a report on Friday, February 21st.

Insider Activity at World Kinect

In other news, CEO Michael J. Kasbar sold 21,507 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $28.96, for a total transaction of $622,842.72. Following the sale, the chief executive officer now owns 1,019,063 shares in the company, valued at $29,512,064.48. This trade represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.90% of the company's stock.

World Kinect Price Performance

Shares of World Kinect stock traded up $0.02 on Tuesday, hitting $24.85. The company's stock had a trading volume of 246,902 shares, compared to its average volume of 761,285. The company has a market capitalization of $1.41 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 0.89 and a beta of 1.19. World Kinect Co. has a 52-week low of $22.71 and a 52-week high of $31.71. The firm has a fifty day moving average price of $26.89 and a 200-day moving average price of $27.75. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 0.39.

World Kinect (NYSE:WKC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.48 earnings per share (EPS) for the quarter, beating 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 company had revenue of $9.45 billion for the quarter, compared to the consensus estimate of $10.47 billion. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The company's revenue for the quarter was down 13.7% compared to the same quarter last year. On average, equities research analysts expect that World Kinect Co. will post 2.56 earnings per share for the current fiscal year.

World Kinect Dividend Announcement

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

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.