Susquehanna Fundamental Investments LLC Acquires New Shares in World Kinect Co. (NYSE:WKC)

Susquehanna Fundamental Investments LLC purchased a new position in shares of World Kinect Co. (NYSE:WKC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 130,149 shares of the company's stock, valued at approximately $3,580,000. Susquehanna Fundamental Investments LLC owned about 0.22% of World Kinect as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WKC. HHM Wealth Advisors LLC acquired a new stake in shares of World Kinect in the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of World Kinect in the third quarter valued at about $31,000. Headlands Technologies LLC bought a new position in shares of World Kinect during the fourth quarter worth approximately $48,000. Centricity Wealth Management LLC bought a new position in World Kinect during the 4th quarter worth $74,000. Finally, New Age Alpha Advisors LLC bought a new stake in World Kinect during the fourth quarter worth about $98,000. 97.06% of the stock is owned by institutional investors.

World Kinect Trading Up 1.5 %

WKC stock traded up $0.39 during midday trading on Friday, hitting $25.81. The stock had a trading volume of 978,726 shares, compared to its average volume of 768,950. The firm has a market cap of $1.46 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. 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 business has a fifty day moving average price of $26.54 and a two-hundred day moving average price of $27.59. World Kinect Co. has a 1-year low of $22.71 and a 1-year high of $31.71.

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

World Kinect Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Monday, March 31st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Monday, March 31st. World Kinect's payout ratio is currently 283.33%.

Wall Street Analyst Weigh In

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

Insider Transactions at World Kinect

In other news, CEO Michael J. Kasbar sold 21,507 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were 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 owns 1,019,063 shares in the company, valued at $29,512,064.48. This represents a 2.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.90% of the stock is currently owned by insiders.

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.