UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 42,487 Shares of World Kinect Co. (NYSE:WKC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in World Kinect Co. (NYSE:WKC - Free Report) by 29.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 185,984 shares of the company's stock after purchasing an additional 42,487 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.32% of World Kinect worth $5,116,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WKC. 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 worth $7,918,000 after buying an additional 40,233 shares in the last quarter. KBC Group NV boosted its holdings in World Kinect by 60.2% in the 4th quarter. KBC Group NV now owns 3,597 shares of the company's stock valued at $99,000 after purchasing an additional 1,351 shares during the period. HHM Wealth Advisors LLC purchased a new position in shares of World Kinect during the 4th quarter valued at $25,000. Verity Asset Management Inc. bought a new position in shares of World Kinect in the fourth quarter worth $266,000. Finally, State of Alaska Department of Revenue raised its position in shares of World Kinect by 155.0% in the fourth quarter. State of Alaska Department of Revenue now owns 86,007 shares of the company's stock worth $2,366,000 after buying an additional 52,284 shares in the last quarter. 97.06% of the stock is currently owned by institutional investors.

World Kinect Trading Up 1.7%

WKC traded up $0.46 on Friday, hitting $27.97. 193,898 shares of the company were exchanged, compared to its average volume of 777,571. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.16. World Kinect Co. has a 12 month low of $22.71 and a 12 month high of $31.71. The firm has a fifty day simple moving average of $25.91 and a two-hundred day simple moving average of $27.45. The stock has a market capitalization of $1.58 billion, a PE ratio of 26.39, 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 earnings results on Thursday, April 24th. The company reported $0.48 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $9.45 billion for the quarter, compared to analysts' expectations of $10.47 billion. During the same quarter last year, the business earned $0.47 earnings per share. The business's revenue was down 13.7% on a year-over-year basis. Sell-side analysts expect that World Kinect Co. will post 2.56 earnings per share for the current year.

World Kinect Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Tuesday, June 17th will be given a $0.20 dividend. This is a boost from World Kinect's previous quarterly dividend of $0.17. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.86%. World Kinect's payout ratio is presently 283.33%.

Analyst Ratings Changes

Several research firms recently commented on WKC. Bank of America reduced 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 lowered 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.

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.