Hennessy Advisors Inc. Has $47.62 Million Holdings in World Kinect Co. (NYSE:WKC)

Hennessy Advisors Inc. decreased its position in World Kinect Co. (NYSE:WKC - Free Report) by 8.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,679,034 shares of the company's stock after selling 164,200 shares during the period. World Kinect makes up 1.6% of Hennessy Advisors Inc.'s portfolio, making the stock its 13th largest position. Hennessy Advisors Inc. owned approximately 2.96% of World Kinect worth $47,617,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Sei Investments Co. lifted its position in World Kinect by 49.9% in the 4th quarter. Sei Investments Co. now owns 32,860 shares of the company's stock valued at $904,000 after acquiring an additional 10,944 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of World Kinect in the 4th quarter valued at about $2,978,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of World Kinect in the fourth quarter valued at about $1,725,000. Deutsche Bank AG boosted its position in shares of World Kinect by 117.6% during the fourth quarter. Deutsche Bank AG now owns 105,780 shares of the company's stock worth $2,910,000 after buying an additional 57,179 shares during the period. Finally, Aquatic Capital Management LLC grew its holdings in shares of World Kinect by 443.9% during the fourth quarter. Aquatic Capital Management LLC now owns 36,985 shares of the company's stock worth $1,017,000 after buying an additional 30,185 shares in the last quarter. Institutional investors own 97.06% of the company's stock.

World Kinect Stock Down 0.7%

Shares of World Kinect stock traded down $0.21 on Tuesday, reaching $28.06. 553,676 shares of the company were exchanged, compared to its average volume of 735,405. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 0.89 and a beta of 1.35. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39. World Kinect Co. has a one year low of $22.70 and a one year high of $31.70. The company has a 50-day moving average of $26.26 and a 200 day moving average of $27.41.

World Kinect (NYSE:WKC - Get Free Report) last issued its earnings results 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. World Kinect had a net margin of 0.16% and a return on equity of 6.43%. The business had revenue of $9.45 billion for the quarter, compared to the consensus estimate of $10.47 billion. During the same period in the previous year, the company earned $0.47 earnings per share. The firm's revenue for the quarter was down 13.7% on a year-over-year basis. On average, equities research analysts forecast that World Kinect Co. will post 2.56 earnings per share for the current year.

World Kinect Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Tuesday, June 17th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.80 dividend on an annualized basis and a yield of 2.85%. This is a boost from World Kinect's previous quarterly dividend of $0.17. World Kinect's dividend payout ratio (DPR) is presently 333.33%.

Wall Street Analysts Forecast Growth

Several research firms have commented on WKC. Bank of America cut their target price on World Kinect from $27.00 to $26.00 and set an "underperform" rating on the stock in a research note on Friday, April 25th. Stifel Nicolaus cut their price objective 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.

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.