Dean Investment Associates LLC Purchases 41,926 Shares of World Kinect Co. (NYSE:WKC)

Dean Investment Associates LLC lifted its holdings in shares of World Kinect Co. (NYSE:WKC - Free Report) by 40.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,032 shares of the company's stock after purchasing an additional 41,926 shares during the period. Dean Investment Associates LLC owned 0.25% of World Kinect worth $4,017,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC bought a new position in shares of World Kinect during the 4th quarter worth approximately $25,000. Wilmington Savings Fund Society FSB bought a new stake in World Kinect in the third quarter valued at $31,000. Headlands Technologies LLC bought a new position in shares of World Kinect during the 4th quarter worth about $48,000. Centricity Wealth Management LLC bought a new position in World Kinect in the fourth quarter worth approximately $74,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of World Kinect during the fourth quarter worth approximately $98,000. Institutional investors and hedge funds own 97.06% of the company's stock.

World Kinect Stock Performance

Shares of WKC traded up $0.66 on Tuesday, reaching $23.83. 147,405 shares of the company's stock traded hands, compared to its average volume of 749,785. The stock has a market cap of $1.35 billion, a PE ratio of 22.51, a PEG ratio of 0.89 and a beta of 1.19. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39. The stock's 50 day simple moving average is $27.22 and its two-hundred day simple moving average is $27.97. World Kinect Co. has a 52-week low of $21.38 and a 52-week high of $31.71.

World Kinect (NYSE:WKC - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.05. The firm had revenue of $9.76 billion for the quarter, compared to analysts' expectations of $10.57 billion. World Kinect had a net margin of 0.16% and a return on equity of 6.43%. On average, analysts forecast that World Kinect Co. will post 2.56 earnings per share for the current fiscal year.

World Kinect Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.85%. World Kinect's dividend payout ratio is presently 64.15%.

Analyst Ratings Changes

Separately, Stifel Nicolaus decreased their target price on shares of World Kinect from $32.00 to $30.00 and set a "hold" rating for the company in a research report on Friday, February 21st.

Insider Transactions at World Kinect

In other World Kinect news, CEO Michael J. Kasbar sold 21,507 shares of the business's 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 sale, the chief executive officer now owns 1,019,063 shares of the company's stock, valued at $29,512,064.48. The trade was a 2.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.90% of the stock is owned by corporate insiders.

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.