World Kinect Corporation $WKC is Villanova Investment Management Co LLC's 9th Largest Position

Key Points

• Villanova Investment Management Co LLC significantly reduced its holdings in World Kinect Corporation by 64.8%, selling 54,980 shares and retaining only 29,889 shares.
• In the first quarter, several institutional investors, including PNC Financial Services Group Inc. and AlphaQuest LLC, increased their stakes in World Kinect, highlighting ongoing interest in the company.
• World Kinect reported earnings surpassing analyst expectations with an EPS of $0.59, but its revenue fell short at $9.04 billion, below the estimated $9.32 billion.

Villanova Investment Management Co LLC reduced its holdings in World Kinect Corporation (NYSE:WKC - Free Report) by 64.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,889 shares of the company's stock after selling 54,980 shares during the period. World Kinect makes up 2.4% of Villanova Investment Management Co LLC's holdings, making the stock its 9th biggest position. Villanova Investment Management Co LLC owned 0.05% of World Kinect worth $848,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas raised its stake in World Kinect by 94.5% during the first quarter. Teacher Retirement System of Texas now owns 33,372 shares of the company's stock worth $946,000 after purchasing an additional 16,211 shares during the period. Natixis Advisors LLC purchased a new position in World Kinect during the first quarter worth about $405,000. CWA Asset Management Group LLC purchased a new position in World Kinect during the first quarter worth about $490,000. Entropy Technologies LP purchased a new position in World Kinect during the first quarter worth about $310,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in World Kinect during the fourth quarter worth about $1,725,000. 97.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Morgan Stanley dropped their price target on shares of World Kinect from $32.00 to $26.00 and set an "underweight" rating for the company in a research report on Wednesday, August 6th. Raymond James Financial reiterated an "outperform" rating and set a $33.00 price target (down from $35.00) on shares of World Kinect in a research report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $29.40.

World Kinect Stock Up 1.3%

Shares of WKC stock traded up $0.33 during trading on Tuesday, reaching $25.75. The company's stock had a trading volume of 132,162 shares, compared to its average volume of 709,523. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.13 and a quick ratio of 0.98. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of -3.37, a P/E/G ratio of 1.15 and a beta of 1.38. The stock's 50-day moving average price is $26.89 and its 200 day moving average price is $26.98. World Kinect Corporation has a 1-year low of $22.70 and a 1-year high of $31.70.

World Kinect (NYSE:WKC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.11. The business had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $9.32 billion. World Kinect had a negative net margin of 1.11% and a positive return on equity of 7.07%. On average, research analysts anticipate that World Kinect Corporation will post 2.56 EPS for the current year.

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.