World Kinect Co. (NYSE:WKC) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP cut its position in shares of World Kinect Co. (NYSE:WKC - Free Report) by 36.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 239,500 shares of the company's stock after selling 137,700 shares during the period. Two Sigma Advisers LP owned about 0.41% of World Kinect worth $6,589,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of WKC. Sei Investments Co. boosted its stake in World Kinect by 49.9% in the fourth 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 during the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of World Kinect in the fourth quarter valued at about $2,978,000. Barclays PLC lifted its holdings in shares of World Kinect by 18.6% in the third quarter. Barclays PLC now owns 256,126 shares of the company's stock valued at $7,918,000 after purchasing an additional 40,233 shares in the last quarter. Verity Asset Management Inc. bought a new stake in World Kinect in the 4th quarter valued at approximately $266,000. Finally, State of Alaska Department of Revenue lifted its stake in World Kinect by 155.0% in the 4th quarter. State of Alaska Department of Revenue now owns 86,007 shares of the company's stock valued at $2,366,000 after acquiring an additional 52,284 shares in the last quarter. 97.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

World Kinect Price Performance

WKC stock traded down $0.03 during midday trading on Thursday, reaching $27.54. 72,972 shares of the stock were exchanged, compared to its average volume of 754,006. The stock has a market capitalization of $1.56 billion, a PE ratio of 25.99, a P/E/G ratio of 0.89 and a beta of 1.34. World Kinect Co. has a 52 week low of $22.70 and a 52 week high of $31.70. 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 fifty day moving average price of $26.02 and a 200 day moving average price of $27.47.

World Kinect (NYSE:WKC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $10.47 billion. During the same quarter in the previous year, the firm posted $0.47 earnings per share. The company's quarterly revenue was down 13.7% compared to the same quarter last year. As a group, analysts expect that World Kinect Co. will post 2.56 EPS for the current fiscal year.

World Kinect Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st were given a $0.17 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.47%. World Kinect's dividend payout ratio (DPR) is currently 283.33%.

Insider Buying and Selling

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 transaction of $622,842.72. Following the transaction, the chief executive officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is currently owned by insiders.

World Kinect 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.