Tudor Investment Corp ET AL Sells 77,510 Shares of World Kinect Co. (NYSE:WKC)

Tudor Investment Corp ET AL decreased its position in shares of World Kinect Co. (NYSE:WKC - Free Report) by 81.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,109 shares of the company's stock after selling 77,510 shares during the quarter. Tudor Investment Corp ET AL's holdings in World Kinect were worth $498,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. HHM Wealth Advisors LLC bought a new position in World Kinect during the fourth quarter worth $25,000. Wilmington Savings Fund Society FSB acquired a new stake in World Kinect during the 3rd quarter valued at approximately $31,000. Headlands Technologies LLC bought a new position in shares of World Kinect during the 4th quarter worth approximately $48,000. Centricity Wealth Management LLC bought a new position in shares of World Kinect during the 4th quarter worth approximately $74,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of World Kinect in the 4th quarter worth $98,000. Institutional investors own 97.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Stifel Nicolaus lowered their price target on World Kinect from $32.00 to $30.00 and set a "hold" rating for the company in a research report on Friday, February 21st. Bank of America decreased their price objective on World Kinect from $27.00 to $26.00 and set an "underperform" rating for the company in a report on Friday, April 25th.

Insider Buying and Selling at World Kinect

In other 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 transaction of $622,842.72. Following the transaction, the chief executive officer now directly owns 1,019,063 shares of the company's stock, valued at approximately $29,512,064.48. The trade was a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.20% of the company's stock.

World Kinect Price Performance

NYSE WKC traded down $0.32 during trading hours on Wednesday, hitting $27.33. The company had a trading volume of 75,053 shares, compared to its average volume of 774,041. World Kinect Co. has a 52 week low of $22.71 and a 52 week high of $31.71. The firm has a 50 day simple moving average of $26.17 and a 200 day simple moving average of $27.43. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.16. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 0.89 and a beta of 1.34.

World Kinect (NYSE:WKC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The firm 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 company's revenue for the quarter was down 13.7% on a year-over-year basis. During the same quarter last year, the company posted $0.47 EPS. Equities research analysts expect that World Kinect Co. will post 2.56 earnings per share for the current year.

World Kinect Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.68 annualized dividend and a yield of 2.49%. World Kinect's payout ratio is currently 283.33%.

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.