Jane Street Group LLC Makes New $3.74 Million Investment in World Kinect Co. (NYSE:WKC)

Jane Street Group LLC acquired a new stake in shares of World Kinect Co. (NYSE:WKC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 135,925 shares of the company's stock, valued at approximately $3,739,000. Jane Street Group LLC owned approximately 0.23% of World Kinect as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC acquired a new stake in shares of World Kinect during the fourth quarter worth $25,000. Wilmington Savings Fund Society FSB acquired a new stake in World Kinect during the third quarter worth about $31,000. Headlands Technologies LLC bought a new position in World Kinect in the fourth quarter worth about $48,000. Centricity Wealth Management LLC acquired a new position in World Kinect in the fourth quarter valued at approximately $74,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of World Kinect during the fourth quarter valued at approximately $98,000. 97.06% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Michael J. Kasbar sold 21,507 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $28.96, for a total transaction of $622,842.72. Following the completion of the sale, the chief executive officer now directly owns 1,019,063 shares of the company's stock, valued at $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 is available through this link. 3.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Stifel Nicolaus cut their price target on World Kinect from $32.00 to $30.00 and set a "hold" rating on the stock in a report on Friday, February 21st. Bank of America cut their target price on World Kinect from $27.00 to $26.00 and set an "underperform" rating on the stock in a research note on Friday, April 25th.

World Kinect Stock Performance

WKC traded up $0.16 during trading hours on Friday, hitting $27.75. The company's stock had a trading volume of 435,997 shares, compared to its average volume of 775,856. The company has a 50-day simple moving average of $26.14 and a 200 day simple moving average of $27.44. 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 $1.57 billion, a PE ratio of 26.18, a PEG ratio of 0.89 and a beta of 1.34. World Kinect Co. has a fifty-two week low of $22.71 and a fifty-two week high of $31.71.

World Kinect (NYSE:WKC - Get Free Report) last announced 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 firm had revenue of $9.45 billion during the quarter, compared to analyst estimates of $10.47 billion. During the same quarter in the prior year, the firm posted $0.47 EPS. World Kinect's revenue was down 13.7% compared to the same quarter last year. As a group, sell-side analysts expect that World Kinect Co. will post 2.56 EPS 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 given a $0.17 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a yield of 2.45%. World Kinect's dividend payout ratio (DPR) is 283.33%.

About World Kinect

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.