Schonfeld Strategic Advisors LLC Makes New $632,000 Investment in World Kinect Co. (NYSE:WKC)

Schonfeld Strategic Advisors LLC acquired a new stake in World Kinect Co. (NYSE:WKC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 22,971 shares of the company's stock, valued at approximately $632,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. HHM Wealth Advisors LLC bought a new position in World Kinect in the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB bought a new position in shares of World Kinect in the third quarter valued at $31,000. Headlands Technologies LLC acquired a new position in World Kinect during the fourth quarter worth $48,000. Centricity Wealth Management LLC bought a new stake in World Kinect during the fourth quarter worth $74,000. Finally, New Age Alpha Advisors LLC acquired a new stake in World Kinect in the fourth quarter valued at $98,000. Institutional investors and hedge funds own 97.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Stifel Nicolaus lowered their price target on World Kinect from $32.00 to $30.00 and set a "hold" rating on the stock in a research report on Friday, February 21st. Bank of America dropped their price target 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 Trading Up 0.9 %

Shares of WKC stock opened at $26.80 on Friday. World Kinect Co. has a 12-month low of $22.71 and a 12-month high of $31.71. The firm has a 50 day moving average price of $26.21 and a two-hundred day moving average price of $27.47. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $1.52 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

World Kinect (NYSE:WKC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $9.45 billion during the quarter, compared to the consensus estimate of $10.47 billion. World Kinect had a return on equity of 6.43% and a net margin of 0.16%. The firm's quarterly revenue was down 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 EPS. As a group, analysts predict that World Kinect Co. will post 2.56 earnings per share for the current year.

World Kinect Announces Dividend

The firm also recently disclosed 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 2.54%. The ex-dividend date of this dividend was Monday, March 31st. World Kinect's dividend payout ratio is currently 283.33%.

Insiders Place Their Bets

In related news, CEO Michael J. Kasbar sold 21,507 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 directly owns 1,019,063 shares in the company, valued at approximately $29,512,064.48. The trade was a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.20% of the company's stock.

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.

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