Universal Beteiligungs und Servicegesellschaft mbH 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 13F filing with the SEC. The firm purchased 62,719 shares of the company's stock, valued at approximately $1,725,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of World Kinect as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in WKC. Invesco Ltd. raised its holdings in World Kinect by 30.6% during the 4th quarter. Invesco Ltd. now owns 3,067,946 shares of the company's stock worth $84,399,000 after purchasing an additional 719,631 shares during the last quarter. Millennium Management LLC increased its stake in shares of 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 acquiring an additional 440,168 shares in the last quarter. EVR Research LP increased its stake in shares of 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 acquiring an additional 440,000 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of 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 acquiring an additional 384,413 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of 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 acquiring an additional 342,823 shares in the last quarter. Institutional investors own 97.06% of the company's stock.
World Kinect Stock Up 1.9%
NYSE WKC traded up $0.53 during mid-day trading on Friday, hitting $28.04. The company's stock had a trading volume of 603,244 shares, compared to its average volume of 780,763. The company's 50 day simple moving average is $25.90 and its 200 day simple moving average is $27.45. World Kinect Co. has a twelve month low of $22.71 and a twelve month high of $31.71. 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 capitalization of $1.59 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 0.89 and a beta of 1.34.
World Kinect (NYSE:WKC - Get Free Report) last posted 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 firm had revenue of $9.45 billion for the quarter, compared to the consensus estimate of $10.47 billion. World Kinect had a net margin of 0.16% and a return on equity of 6.43%. The business's revenue for the quarter was down 13.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 EPS. Analysts anticipate 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 issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.85%. This is an increase from World Kinect's previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, June 17th. World Kinect's payout ratio is currently 283.33%.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Bank of America lowered their price objective on shares of 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 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 note on Friday, February 21st.
Read Our Latest Stock Analysis on World Kinect
About World Kinect
(
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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