Bridgeway Capital Management LLC Has $15.66 Million Stake in World Kinect Co. (NYSE:WKC)

Bridgeway Capital Management LLC increased its stake in World Kinect Co. (NYSE:WKC - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 569,103 shares of the company's stock after purchasing an additional 15,234 shares during the period. Bridgeway Capital Management LLC owned approximately 0.98% of World Kinect worth $15,656,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In other news, CEO Michael J. Kasbar sold 21,507 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,019,063 shares of the company's stock, valued at approximately $29,512,064.48. This trade represents a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.90% of the company's stock.

World Kinect Stock Up 0.9 %

WKC stock opened at $26.04 on Tuesday. The business's 50 day simple moving average is $26.45 and its 200 day simple moving average is $27.56. World Kinect Co. has a 1-year low of $22.71 and a 1-year high of $31.71. The firm has a market capitalization of $1.47 billion, a PE ratio of 24.56, a PEG ratio of 0.89 and a beta of 1.34. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39.

World Kinect (NYSE:WKC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. World Kinect had a return on equity of 6.43% and a net margin of 0.16%. The company had revenue of $9.45 billion during the quarter, compared to analysts' expectations of $10.47 billion. During the same quarter in the previous year, the company posted $0.47 earnings per share. The business's revenue was down 13.7% on a year-over-year basis. As a group, research analysts anticipate that World Kinect Co. will post 2.56 EPS for the current year.

World Kinect Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Monday, March 31st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Monday, March 31st. World Kinect's dividend payout ratio is 283.33%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WKC. Bank of America dropped their price objective on World Kinect from $27.00 to $26.00 and set an "underperform" rating on the stock in a research note on Friday, April 25th. Stifel Nicolaus decreased their price objective 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.

World Kinect Company 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.

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