World Kinect Co. (NYSE:WKC) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp lessened its position in shares of World Kinect Co. (NYSE:WKC - Free Report) by 99.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,900 shares of the company's stock after selling 6,500,000 shares during the quarter. Alberta Investment Management Corp owned about 0.07% of World Kinect worth $1,098,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in WKC. Highland Capital Management LLC grew its position in shares of World Kinect by 6.7% during the fourth quarter. Highland Capital Management LLC now owns 8,728 shares of the company's stock worth $240,000 after acquiring an additional 547 shares during the last quarter. HHM Wealth Advisors LLC acquired a new stake in World Kinect during the 4th quarter worth $25,000. Wilmington Savings Fund Society FSB purchased a new position in World Kinect during the 3rd quarter worth $31,000. Quarry LP increased 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 purchasing an additional 1,044 shares during the period. Finally, Savant Capital LLC raised its holdings in shares of World Kinect by 16.5% in the fourth quarter. Savant Capital LLC now owns 7,573 shares of the company's stock valued at $208,000 after buying an additional 1,071 shares during the last quarter. Institutional investors and hedge funds own 97.06% of the company's stock.

World Kinect Stock Performance

WKC traded down $0.27 during trading on Tuesday, hitting $30.31. The stock had a trading volume of 326,959 shares, compared to its average volume of 626,408. The firm has a market capitalization of $1.76 billion, a P/E ratio of 28.60, a PEG ratio of 0.89 and a beta of 1.27. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.16. World Kinect Co. has a twelve month low of $21.38 and a twelve month high of $31.70. The company's 50-day moving average price is $27.94 and its 200 day moving average price is $28.52.

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

World Kinect Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Monday, December 23rd. World Kinect's dividend payout ratio (DPR) is 64.15%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lowered 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. 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price 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.