Dimensional Fund Advisors LP reduced its stake in World Kinect Co. (NYSE:WKC - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,130,278 shares of the company's stock after selling 70,488 shares during the period. Dimensional Fund Advisors LP owned approximately 7.11% of World Kinect worth $113,623,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. First Trust Advisors LP lifted its holdings in shares of World Kinect by 23.5% in the 4th quarter. First Trust Advisors LP now owns 139,476 shares of the company's stock worth $3,837,000 after acquiring an additional 26,573 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in World Kinect by 2.2% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 63,209 shares of the company's stock worth $1,738,000 after purchasing an additional 1,331 shares in the last quarter. Dean Investment Associates LLC boosted its position in shares of World Kinect by 40.3% during the fourth quarter. Dean Investment Associates LLC now owns 146,032 shares of the company's stock worth $4,017,000 after buying an additional 41,926 shares during the period. Barclays PLC grew its stake in shares of World Kinect by 4.5% in the fourth quarter. Barclays PLC now owns 267,670 shares of the company's stock valued at $7,363,000 after buying an additional 11,544 shares in the last quarter. Finally, EVR Research LP raised its holdings in shares of World Kinect by 163.0% in the 4th quarter. EVR Research LP now owns 710,000 shares of the company's stock valued at $19,532,000 after buying an additional 440,000 shares during the period. Institutional investors and hedge funds own 97.06% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Bank of America dropped their target price on World Kinect from $27.00 to $26.00 and set an "underperform" rating for the company 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 note on Friday, February 21st.
Check Out Our Latest Research Report on WKC
Insiders Place Their Bets
In other news, CEO Michael J. Kasbar sold 21,507 shares of the stock in a transaction dated Tuesday, March 4th. The stock was 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 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 link. 2.90% of the stock is owned by company insiders.
World Kinect Stock Up 1.3 %
Shares of WKC traded up $0.33 during midday trading on Wednesday, hitting $25.14. The company had a trading volume of 1,010,496 shares, compared to its average volume of 764,299. 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 $1.43 billion, a P/E ratio of 23.72, a P/E/G ratio of 0.89 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.16. The company's 50-day simple moving average is $26.83 and its 200-day simple moving average is $27.73.
World Kinect (NYSE:WKC - Get Free Report) last issued its quarterly earnings results 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 net margin of 0.16% and a return on equity of 6.43%. The company had revenue of $9.45 billion during the quarter, compared to the consensus estimate of $10.47 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The firm's quarterly revenue was down 13.7% on a year-over-year basis. As a group, sell-side analysts expect 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. Shareholders 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 2.70%. The ex-dividend date was Monday, March 31st. World Kinect's dividend payout ratio is presently 283.33%.
About World Kinect
(
Free Report)
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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