135,925 Shares in World Kinect Co. (NYSE:WKC) Acquired by Jane Street Group LLC

Jane Street Group LLC bought a new stake in World Kinect Co. (NYSE:WKC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 135,925 shares of the company's stock, valued at approximately $3,739,000. Jane Street Group LLC owned 0.23% of World Kinect at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in WKC. HHM Wealth Advisors LLC bought a new stake in shares of World Kinect in the 4th quarter worth about $25,000. Wilmington Savings Fund Society FSB acquired a new position in World Kinect during the 3rd quarter valued at about $31,000. Headlands Technologies LLC acquired a new position in World Kinect during the 4th quarter valued at about $48,000. Centricity Wealth Management LLC acquired a new position in World Kinect during the 4th quarter valued at about $74,000. Finally, New Age Alpha Advisors LLC acquired a new position in World Kinect during the 4th quarter valued at about $98,000. Hedge funds and other institutional investors own 97.06% of the company's stock.

World Kinect Stock Up 0.6%

Shares of WKC traded up $0.16 during mid-day trading on Friday, hitting $27.75. 435,997 shares of the company's stock were exchanged, compared to its average volume of 778,492. The firm has a fifty day moving average of $26.13 and a two-hundred day moving average of $27.46. World Kinect Co. has a twelve month low of $22.71 and a twelve month high of $31.71. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 0.89 and a beta of 1.34. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 0.39.

World Kinect (NYSE:WKC - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. World Kinect had a net margin of 0.16% and a return on equity of 6.43%. The business had revenue of $9.45 billion for the quarter, compared to analyst estimates of $10.47 billion. During the same period last year, the business posted $0.47 EPS. World Kinect's revenue was down 13.7% compared to the same quarter last year. On average, sell-side analysts forecast that World Kinect Co. will post 2.56 earnings per share for the current year.

World Kinect Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Bank of America reduced their target price 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 decreased their price objective on shares of World Kinect from $32.00 to $30.00 and set a "hold" rating for the company in a report on Friday, February 21st.

Insider Buying and Selling at World Kinect

In other World Kinect news, CEO Michael J. Kasbar sold 21,507 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $28.96, for a total value of $622,842.72. Following the completion of the sale, the chief executive officer now owns 1,019,063 shares in the company, valued at approximately $29,512,064.48. This trade represents a 2.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.20% of the company's stock.

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.