Bridgeway Capital Management LLC Purchases 15,234 Shares of World Kinect Co. (NYSE:WKC)

Bridgeway Capital Management LLC grew its position in shares of World Kinect Co. (NYSE:WKC - Free Report) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 569,103 shares of the company's stock after purchasing an additional 15,234 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.98% of World Kinect worth $15,656,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Brevan Howard Capital Management LP grew its holdings in World Kinect by 72.7% in the fourth quarter. Brevan Howard Capital Management LP now owns 28,649 shares of the company's stock worth $788,000 after purchasing an additional 12,059 shares during the period. Balyasny Asset Management L.P. bought a new position in World Kinect in the 4th quarter worth $4,884,000. Ameriprise Financial Inc. raised its position in shares of World Kinect by 118.7% during the fourth quarter. Ameriprise Financial Inc. now owns 631,698 shares of the company's stock valued at $17,378,000 after buying an additional 342,823 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of World Kinect in the fourth quarter worth about $3,739,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of World Kinect during the 4th quarter valued at approximately $632,000. Hedge funds and other institutional investors own 97.06% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on WKC shares. Bank of America reduced their target price 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 dropped their price target on World Kinect from $32.00 to $30.00 and set a "hold" rating on the stock in a research note on Friday, February 21st.

Insider Transactions at World Kinect

In other news, CEO Michael J. Kasbar sold 21,507 shares of the business's stock in a transaction dated 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 owns 1,019,063 shares in the company, valued at approximately $29,512,064.48. The trade was a 2.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.20% of the stock is currently owned by insiders.

World Kinect Trading Up 0.9 %

Shares of World Kinect stock traded up $0.24 during trading hours on Friday, reaching $26.80. 482,046 shares of the company's stock were exchanged, compared to its average volume of 776,467. 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 firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The company has a fifty day moving average of $26.21 and a 200-day moving average of $27.45. World Kinect Co. has a 52-week low of $22.71 and a 52-week high of $31.71.

World Kinect (NYSE:WKC - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.48 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the business posted $0.47 EPS. The business's revenue was down 13.7% on a year-over-year basis. Sell-side analysts forecast that World Kinect Co. will post 2.56 EPS for the current fiscal year.

World Kinect Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Monday, March 31st were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend was Monday, March 31st. World Kinect's dividend payout ratio is 283.33%.

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.