Jacobs Levy Equity Management Inc. Has $30.80 Million Stock Holdings in World Kinect Co. (NYSE:WKC)

Jacobs Levy Equity Management Inc. grew its stake in shares of World Kinect Co. (NYSE:WKC - Free Report) by 24.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,119,750 shares of the company's stock after acquiring an additional 216,903 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 1.93% of World Kinect worth $30,804,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. HHM Wealth Advisors LLC bought a new stake in shares of World Kinect during the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB bought a new stake in shares of World Kinect during the 3rd quarter valued at $31,000. Headlands Technologies LLC acquired a new position in shares of World Kinect during the 4th quarter worth $48,000. Centricity Wealth Management LLC acquired a new position in shares of World Kinect during the 4th quarter worth $74,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of World Kinect during the 4th quarter worth $98,000. 97.06% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other World Kinect news, CEO Michael J. Kasbar sold 21,507 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $28.96, for a total value of $622,842.72. Following the completion of the transaction, the chief executive officer now owns 1,019,063 shares of the company's stock, valued at $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 is available at this link. Insiders own 3.20% of the company's stock.

World Kinect Price Performance

Shares of World Kinect stock traded up $0.16 during trading on Friday, reaching $27.75. 435,997 shares of the company's stock were exchanged, compared to its average volume of 778,492. 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 1-year low of $22.71 and a 1-year high of $31.71. The company has a market cap of $1.57 billion, a P/E ratio of 26.18, a PEG ratio of 0.89 and a beta of 1.34. The firm's 50-day moving average price is $26.13 and its 200 day moving average price is $27.45.

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 analysts' consensus estimates of $0.45 by $0.03. World Kinect had a return on equity of 6.43% and a net margin of 0.16%. The business had revenue of $9.45 billion during the quarter, compared to analysts' expectations of $10.47 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. The business's revenue for the quarter was down 13.7% compared to the same quarter last year. As a group, research analysts anticipate that World Kinect Co. will post 2.56 earnings per share for the current year.

World Kinect Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a yield of 2.45%. World Kinect's payout ratio is presently 283.33%.

Analysts Set New Price Targets

A number of research firms have recently commented on WKC. Stifel Nicolaus lowered their price target on World Kinect from $32.00 to $30.00 and set a "hold" rating for the company in a report on Friday, February 21st. 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.

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.