Yousif Capital Management LLC Makes New $927,000 Investment in World Kinect Co. (NYSE:WKC)

Yousif Capital Management LLC bought a new position in shares of World Kinect Co. (NYSE:WKC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 40,711 shares of the company's stock, valued at approximately $927,000. Yousif Capital Management LLC owned 0.07% of World Kinect at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WKC. Vanguard Group Inc. bought a new stake in World Kinect during the 3rd quarter worth approximately $157,793,000. Exchange Traded Concepts LLC purchased a new stake in World Kinect during the 4th quarter valued at approximately $777,000. Nordea Investment Management AB purchased a new stake in World Kinect during the 4th quarter valued at approximately $3,843,000. North Star Investment Management Corp. purchased a new stake in World Kinect during the 4th quarter valued at approximately $1,139,000. Finally, Legacy Wealth Asset Management LLC purchased a new stake in World Kinect during the 4th quarter valued at approximately $208,000. Institutional investors own 97.06% of the company's stock.

World Kinect Price Performance

WKC traded up $0.19 during trading hours on Friday, hitting $23.93. The company's stock had a trading volume of 506,096 shares, compared to its average volume of 490,255. The business's 50-day moving average price is $25.06 and its 200-day moving average price is $22.94. World Kinect Co. has a 12 month low of $17.69 and a 12 month high of $26.83. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 2.19 and a beta of 1.27. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41.

World Kinect (NYSE:WKC - Get Free Report) last posted 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. World Kinect had a net margin of 0.12% and a return on equity of 6.39%. The business had revenue of $12 billion for the quarter, compared to analysts' expectations of $12.23 billion. During the same quarter in the previous year, the business posted $0.54 earnings per share. Sell-side analysts expect that World Kinect Co. will post 2.19 earnings per share for the current fiscal year.

World Kinect Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Monday, March 25th were given a dividend of $0.17 per share. This is a boost from World Kinect's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $0.68 dividend on an annualized basis and a yield of 2.84%. World Kinect's payout ratio is 73.12%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at World Kinect

In other World Kinect news, Director Paul H. Stebbins sold 20,000 shares of the business's stock in a transaction on 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 owns 75,375 shares in the company, valued at $1,836,888.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.60% 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.