Aquatic Capital Management LLC Has $1.02 Million Stock Position in World Kinect Co. (NYSE:WKC)

Aquatic Capital Management LLC boosted its position in shares of World Kinect Co. (NYSE:WKC - Free Report) by 443.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,985 shares of the company's stock after purchasing an additional 30,185 shares during the period. Aquatic Capital Management LLC owned 0.06% of World Kinect worth $1,017,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WKC. Invesco Ltd. grew its holdings in shares of World Kinect by 30.6% during the fourth quarter. Invesco Ltd. now owns 3,067,946 shares of the company's stock valued at $84,399,000 after buying an additional 719,631 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in World Kinect during the 4th quarter valued at about $50,707,000. Boston Partners grew its stake in World Kinect by 4.4% during the 4th quarter. Boston Partners now owns 1,492,026 shares of the company's stock valued at $41,226,000 after acquiring an additional 63,234 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of World Kinect by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,341,484 shares of the company's stock valued at $41,465,000 after purchasing an additional 56,952 shares during the period. Finally, EVR Research LP lifted its position in shares of World Kinect by 163.0% in the fourth quarter. EVR Research LP now owns 710,000 shares of the company's stock worth $19,532,000 after purchasing an additional 440,000 shares in the last quarter. 97.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Michael J. Kasbar sold 21,507 shares of World Kinect stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $28.96, for a total value of $622,842.72. Following 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.90% of the company's stock.

World Kinect Stock Up 1.5 %

NYSE:WKC traded up $0.39 during mid-day trading on Friday, reaching $25.81. The stock had a trading volume of 978,726 shares, compared to its average volume of 768,950. The stock has a market cap of $1.46 billion, a P/E ratio of 24.35, a PEG ratio of 0.89 and a beta of 1.34. The business's 50 day moving average is $26.54 and its 200 day moving average is $27.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.16 and a quick ratio of 0.99. World Kinect Co. has a fifty-two week low of $22.71 and a fifty-two week high of $31.71.

World Kinect (NYSE:WKC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.48 EPS for the quarter, topping 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 analyst estimates of $10.47 billion. During the same quarter in the prior year, the business posted $0.47 EPS. World Kinect's quarterly revenue was down 13.7% on a year-over-year basis. As a group, sell-side analysts predict that World Kinect Co. will post 2.56 earnings per share for the current year.

World Kinect Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st were issued a dividend of $0.17 per share. The ex-dividend date was Monday, March 31st. This represents a $0.68 annualized dividend and a yield of 2.63%. World Kinect's dividend payout ratio (DPR) is currently 283.33%.

Analyst Ratings Changes

WKC has been the topic of several research reports. Stifel Nicolaus dropped their price objective on shares of World Kinect from $32.00 to $30.00 and set a "hold" rating on the stock in a research note on Friday, February 21st. 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 report on Friday, April 25th.

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.