Dean Capital Management Acquires 40,370 Shares of World Kinect Co. (NYSE:WKC)

Dean Capital Management lifted its stake in shares of World Kinect Co. (NYSE:WKC - Free Report) by 69.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,420 shares of the company's stock after acquiring an additional 40,370 shares during the period. World Kinect makes up about 1.2% of Dean Capital Management's investment portfolio, making the stock its 14th largest holding. Dean Capital Management owned about 0.17% of World Kinect worth $2,708,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Hennessy Advisors Inc. acquired a new position in shares of World Kinect during the 4th quarter worth about $50,707,000. Sei Investments Co. raised its holdings in shares of World Kinect by 49.9% during the 4th quarter. Sei Investments Co. now owns 32,860 shares of the company's stock worth $904,000 after buying an additional 10,944 shares in the last quarter. Principal Financial Group Inc. raised its holdings in 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 buying an additional 56,952 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in World Kinect during the 4th quarter worth $2,978,000. Finally, Barclays PLC raised its stake in World Kinect by 18.6% during the third quarter. Barclays PLC now owns 256,126 shares of the company's stock worth $7,918,000 after buying an additional 40,233 shares during the last quarter. Institutional investors own 97.06% of the company's stock.

World Kinect Stock Performance

NYSE:WKC traded up $0.44 during mid-day trading on Monday, hitting $27.23. The company's stock had a trading volume of 202,347 shares, compared to its average volume of 774,217. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 0.89 and a beta of 1.34. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.16 and a quick ratio of 0.99. The business's fifty day moving average is $26.21 and its two-hundred day moving average is $27.42. World Kinect Co. has a 1 year low of $22.71 and a 1 year high of $31.71.

World Kinect (NYSE:WKC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The company 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 firm's revenue for the quarter was down 13.7% on a year-over-year basis. During the same quarter last year, the company earned $0.47 earnings per share. Analysts anticipate that World Kinect Co. will post 2.56 EPS for the current fiscal year.

World Kinect Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Monday, March 31st were issued a $0.17 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.68 annualized dividend and a yield of 2.50%. World Kinect's dividend payout ratio is presently 283.33%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Stifel Nicolaus decreased their price target on World Kinect from $32.00 to $30.00 and set a "hold" rating for the company in a report on Friday, February 21st. Bank of America lowered their price objective on shares of World Kinect from $27.00 to $26.00 and set an "underperform" rating for the company in a research note on Friday, April 25th.

Insiders Place Their Bets

In other news, CEO Michael J. Kasbar sold 21,507 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was 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 owns 1,019,063 shares in the company, valued at approximately $29,512,064.48. This represents a 2.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is currently owned by corporate insiders.

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.