World Kinect Co. (NYSE:WKC) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lessened its holdings in World Kinect Co. (NYSE:WKC - Free Report) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 157,879 shares of the company's stock after selling 9,960 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.27% of World Kinect worth $4,343,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. HHM Wealth Advisors LLC bought a new stake in World Kinect in the fourth quarter worth $25,000. Wilmington Savings Fund Society FSB purchased a new position in World Kinect in the 3rd quarter worth about $31,000. Headlands Technologies LLC purchased a new position in World Kinect in the 4th quarter worth about $48,000. Centricity Wealth Management LLC purchased a new position in World Kinect in the 4th quarter worth about $74,000. Finally, New Age Alpha Advisors LLC purchased a new position in World Kinect in the 4th quarter worth about $98,000. Institutional investors own 97.06% of the company's stock.

World Kinect Stock Up 0.4%

Shares of NYSE:WKC traded up $0.12 during trading on Thursday, reaching $27.37. The stock had a trading volume of 105,278 shares, compared to its average volume of 774,249. World Kinect Co. has a one year low of $22.71 and a one year high of $31.71. The company has a market capitalization of $1.55 billion, a P/E ratio of 25.80, 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. The firm's 50-day simple moving average is $26.17 and its 200 day simple moving average is $27.43.

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

World Kinect Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.48%. The ex-dividend date was Monday, March 31st. World Kinect's dividend payout ratio is presently 283.33%.

Insiders Place Their Bets

In other World Kinect 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 transaction of $622,842.72. Following the completion of the sale, the chief executive officer now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on WKC. Bank of America cut their target price on shares of World Kinect from $27.00 to $26.00 and set an "underperform" rating on the stock in a research report on Friday, April 25th. Stifel Nicolaus cut their target price on shares of World Kinect from $32.00 to $30.00 and set a "hold" rating on the stock in a research report on Friday, February 21st.

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.