71,728 Shares in World Kinect Co. (NYSE:WKC) Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. purchased a new position in World Kinect Co. (NYSE:WKC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 71,728 shares of the company's stock, valued at approximately $1,634,000. Russell Investments Group Ltd. owned about 0.12% of World Kinect at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. acquired a new stake in World Kinect during the third quarter worth $157,793,000. Exchange Traded Concepts LLC acquired a new stake in shares of World Kinect in the 4th quarter valued at $777,000. Nordea Investment Management AB bought a new position in World Kinect during the 4th quarter valued at about $3,843,000. North Star Investment Management Corp. bought a new position in shares of World Kinect in the fourth quarter valued at approximately $1,139,000. Finally, Legacy Wealth Asset Management LLC bought a new stake in World Kinect during the 4th quarter worth approximately $208,000. Institutional investors own 97.06% of the company's stock.

Insider Transactions at World Kinect

In related news, Director Paul H. Stebbins sold 20,000 shares of the firm's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $24.37, for a total transaction of $487,400.00. Following the sale, the director now owns 75,375 shares of the company's stock, valued at approximately $1,836,888.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other World Kinect news, Director Ken Bakshi sold 10,936 shares of World Kinect stock in a transaction on Monday, May 6th. The shares were sold at an average price of $24.07, for a total value of $263,229.52. Following the sale, the director now directly owns 41,545 shares in the company, valued at approximately $999,988.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul H. Stebbins sold 20,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was 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 of the company's stock, valued at $1,836,888.75. The disclosure for this sale can be found here. Insiders own 2.60% of the company's stock.

World Kinect Trading Up 1.5 %

NYSE WKC traded up $0.37 on Friday, reaching $25.50. The company had a trading volume of 301,978 shares, compared to its average volume of 537,288. World Kinect Co. has a 52 week low of $17.69 and a 52 week high of $26.83. The stock's 50 day moving average is $25.11 and its 200-day moving average is $23.20. 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 stock has a market cap of $1.53 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 2.30 and a beta of 1.27.

World Kinect (NYSE:WKC - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.02). The company had revenue of $10.95 billion during the quarter, compared to the consensus estimate of $12.29 billion. World Kinect had a net margin of 0.12% and a return on equity of 6.39%. Equities analysts predict that World Kinect Co. will post 2.19 earnings per share for the current year.

World Kinect Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Monday, March 25th were issued a $0.17 dividend. The ex-dividend date was Friday, March 22nd. This is a positive change from World Kinect's previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a yield of 2.67%. World Kinect's dividend payout ratio (DPR) is 73.12%.

Analyst Upgrades and Downgrades

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

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.