GF Fund Management CO. LTD. purchased a new position in shares of World Kinect Co. (NYSE:WKC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,352 shares of the company's stock, valued at approximately $505,000.
Several other institutional investors have also bought and sold shares of WKC. Invesco Ltd. grew its holdings in World Kinect by 30.6% during the fourth quarter. Invesco Ltd. now owns 3,067,946 shares of the company's stock worth $84,399,000 after buying an additional 719,631 shares in the last quarter. Millennium Management LLC grew its stake in World Kinect by 639.9% in the 4th quarter. Millennium Management LLC now owns 508,959 shares of the company's stock valued at $14,001,000 after purchasing an additional 440,168 shares during the period. EVR Research LP grew its stake in 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 purchasing an additional 440,000 shares during the period. Two Sigma Investments LP grew its stake in World Kinect by 311.1% in the 4th quarter. Two Sigma Investments LP now owns 260,864 shares of the company's stock valued at $7,176,000 after purchasing an additional 384,413 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in World Kinect by 118.7% in the 4th quarter. Ameriprise Financial Inc. now owns 631,698 shares of the company's stock valued at $17,378,000 after purchasing an additional 342,823 shares during the period. Institutional investors own 97.06% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on WKC shares. Bank of America reduced their price objective on World Kinect from $27.00 to $26.00 and set an "underperform" rating for the company in a research note on Friday, April 25th. Stifel Nicolaus reduced their price objective on World Kinect from $32.00 to $30.00 and set a "hold" rating for the company in a research note on Friday, February 21st.
Get Our Latest Stock Report on WKC
World Kinect Stock Performance
Shares of NYSE WKC traded down $0.42 during trading on Friday, reaching $27.49. 124,476 shares of the stock traded hands, compared to its average volume of 775,342. World Kinect Co. has a 52-week low of $22.71 and a 52-week high of $31.71. 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 company has a 50-day moving average of $26.01 and a 200-day moving average of $27.46. The stock has a market capitalization of $1.56 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.
World Kinect (NYSE:WKC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The firm had revenue of $9.45 billion for the quarter, compared to analysts' expectations 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 quarter in the prior year, the firm earned $0.47 EPS. Analysts forecast that World Kinect Co. will post 2.56 EPS for the current fiscal year.
World Kinect Dividend Announcement
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 dividend of $0.17 per share. The ex-dividend date was Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a yield of 2.47%. World Kinect's dividend payout ratio (DPR) is 283.33%.
Insider Buying and Selling
In related 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 transaction 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. This represents a 2.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.90% of the stock is currently owned by insiders.
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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