Illinois Municipal Retirement Fund Purchases Shares of 36,148 World Kinect Co. (NYSE:WKC)

Illinois Municipal Retirement Fund purchased a new position in shares of World Kinect Co. (NYSE:WKC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 36,148 shares of the company's stock, valued at approximately $823,000. Illinois Municipal Retirement Fund owned about 0.06% of World Kinect at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new stake in World Kinect during the fourth quarter worth about $32,000. Allworth Financial LP purchased a new stake in World Kinect in the 4th quarter worth approximately $35,000. SG Americas Securities LLC acquired a new stake in shares of World Kinect during the 4th quarter worth approximately $142,000. EMC Capital Management purchased a new position in shares of World Kinect during the 4th quarter valued at approximately $146,000. Finally, Investors Research Corp acquired a new position in shares of World Kinect in the 4th quarter valued at $151,000. 97.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at World Kinect

In other World Kinect news, Director Paul H. Stebbins sold 20,000 shares of World Kinect stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $24.37, for a total transaction of $487,400.00. Following the transaction, the director now directly owns 75,375 shares of the company's stock, valued at $1,836,888.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is owned by company insiders.

World Kinect Price Performance

Shares of World Kinect stock traded down $0.26 during mid-day trading on Tuesday, reaching $23.50. 1,111,021 shares of the stock traded hands, compared to its average volume of 555,693. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average of $25.12 and a 200 day moving average of $22.86. The stock has a market capitalization of $1.41 billion, a PE ratio of 25.55, a PEG ratio of 2.03 and a beta of 1.26. World Kinect Co. has a fifty-two week low of $17.69 and a fifty-two week high of $26.83.

World Kinect (NYSE:WKC - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.04. The company had revenue of $12 billion for the quarter, compared to analyst estimates of $12.23 billion. World Kinect had a return on equity of 6.39% and a net margin of 0.12%. During the same quarter last year, the firm posted $0.54 EPS. On average, analysts predict that World Kinect Co. will post 2.26 EPS for the current year.

World Kinect Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Monday, March 25th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, March 22nd. This represents a $0.68 dividend on an annualized basis and a yield of 2.89%. This is a positive change from World Kinect's previous quarterly dividend of $0.14. World Kinect's payout ratio is 73.12%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Bank of America upped their price objective on shares of World Kinect from $23.00 to $26.00 and gave the stock an "underperform" rating in a research report on Thursday, March 14th. Raymond James increased their price target on World Kinect from $30.00 to $32.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. began coverage on World Kinect in a research report on Wednesday, February 21st. They issued a "neutral" rating and a $25.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $26.75.

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.