Dimensional Fund Advisors LP trimmed its position in World Kinect Co. (NYSE:WKC - Free Report) by 1.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,130,278 shares of the company's stock after selling 70,488 shares during the period. Dimensional Fund Advisors LP owned 7.11% of World Kinect worth $113,623,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of WKC. HHM Wealth Advisors LLC acquired a new position in shares of World Kinect in the 4th quarter worth approximately $25,000. Wilmington Savings Fund Society FSB bought a new position in World Kinect during the third quarter worth $31,000. Headlands Technologies LLC acquired a new position in World Kinect in the fourth quarter worth $48,000. Centricity Wealth Management LLC bought a new stake in World Kinect during the fourth quarter valued at $74,000. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of World Kinect during the fourth quarter worth $98,000. 97.06% of the stock is owned by institutional investors.
Insider Activity at World Kinect
In other news, CEO Michael J. Kasbar sold 21,507 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $28.96, for a total value of $622,842.72. Following the sale, the chief executive officer now owns 1,019,063 shares of the company's stock, valued at approximately $29,512,064.48. The trade was a 2.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.90% of the stock is currently owned by insiders.
World Kinect Stock Performance
World Kinect stock traded up $0.38 during midday trading on Friday, reaching $25.80. 257,603 shares of the stock traded hands, compared to its average volume of 788,059. World Kinect Co. has a fifty-two week low of $22.70 and a fifty-two week high of $31.70. 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 cap of $1.46 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 0.89 and a beta of 1.19. The firm has a fifty day moving average price of $26.62 and a two-hundred day moving average price of $27.67.
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. The business had revenue of $9.45 billion during the quarter, compared to analyst estimates of $10.47 billion. World Kinect had a return on equity of 6.43% and a net margin of 0.16%. The business's revenue for the quarter was down 13.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 EPS. On average, equities research analysts forecast that World Kinect Co. will post 2.56 earnings per share for the current year.
World Kinect Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Monday, March 31st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.64%. The ex-dividend date was Monday, March 31st. World Kinect's payout ratio is currently 283.33%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus lowered 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. Bank of America cut their price target on World Kinect from $27.00 to $26.00 and set an "underperform" rating on the stock in a report on Friday, April 25th.
Get Our Latest Research Report on World Kinect
World Kinect Company Profile
(
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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