Universal Beteiligungs und Servicegesellschaft mbH Grows Position in World Kinect Corporation (NYSE:WKC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in World Kinect Corporation by 63.1%, owning 102,319 shares valued at approximately $2.90 million as of the latest SEC filing.
• World Kinect recently declared a quarterly dividend of $0.20, up from $0.17, providing a yield of 2.83% and reflecting a high dividend payout ratio of 333.33%.
• Bank of America downgraded World Kinect's price target from $27.00 to $26.00, indicating an "underperform" rating amidst institutional investors holding 97.06% of the stock.

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of World Kinect Corporation (NYSE:WKC - Free Report) by 63.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 102,319 shares of the company's stock after buying an additional 39,600 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.18% of World Kinect worth $2,902,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Headlands Technologies LLC acquired a new position in World Kinect in the fourth quarter valued at approximately $48,000. New Age Alpha Advisors LLC acquired a new position in World Kinect in the fourth quarter valued at approximately $98,000. EP Wealth Advisors LLC boosted its holdings in World Kinect by 17.0% in the fourth quarter. EP Wealth Advisors LLC now owns 7,604 shares of the company's stock valued at $209,000 after purchasing an additional 1,104 shares in the last quarter. Eukles Asset Management boosted its holdings in World Kinect by 17.6% in the first quarter. Eukles Asset Management now owns 7,800 shares of the company's stock valued at $221,000 after purchasing an additional 1,165 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in World Kinect in the fourth quarter valued at approximately $224,000. 97.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WKC has been the subject of a number of research analyst reports. Bank of America lowered their price target on World Kinect from $27.00 to $26.00 and set an "underperform" rating for the company in a report on Friday, April 25th. Raymond James Financial reissued an "outperform" rating and issued a $33.00 price objective (down from $35.00) on shares of World Kinect in a report on Friday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $29.80.

World Kinect Stock Performance

Shares of WKC stock traded down $1.95 during trading hours on Friday, hitting $25.32. The stock had a trading volume of 1,369,686 shares, compared to its average volume of 490,405. The firm has a market capitalization of $1.43 billion, a PE ratio of -3.32, a PEG ratio of 1.28 and a beta of 1.40. World Kinect Corporation has a twelve month low of $22.70 and a twelve month high of $31.70. The stock's 50 day moving average is $28.24 and its 200 day moving average is $27.56. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.15 and a quick ratio of 1.00.

World Kinect (NYSE:WKC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.48 by $0.11. World Kinect had a positive return on equity of 6.73% and a negative net margin of 1.11%. The business had revenue of $9.04 billion during the quarter, compared to analysts' expectations of $9.32 billion. As a group, research analysts forecast that World Kinect Corporation will post 2.56 earnings per share for the current fiscal year.

World Kinect Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 16th. Shareholders of record on Tuesday, June 17th were given a $0.20 dividend. The ex-dividend date was Tuesday, June 17th. This is a positive change from World Kinect's previous quarterly dividend of $0.17. This represents a $0.80 annualized dividend and a yield of 3.2%. World Kinect's dividend payout ratio (DPR) is currently 333.33%.

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.