Tudor Investment Corp ET AL Trims Stake in World Kinect Co. (NYSE:WKC)

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

A number of other institutional investors have also recently made changes to their positions in the stock. Aquatic Capital Management LLC grew its position in shares of World Kinect by 443.9% in the 4th quarter. Aquatic Capital Management LLC now owns 36,985 shares of the company's stock worth $1,017,000 after buying an additional 30,185 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of World Kinect in the 4th quarter worth approximately $3,580,000. Two Sigma Securities LLC purchased a new position in World Kinect during the fourth quarter valued at $445,000. Syon Capital LLC bought a new stake in World Kinect during the fourth quarter worth about $273,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of World Kinect by 3.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 140,981 shares of the company's stock worth $3,879,000 after buying an additional 4,431 shares during the last quarter. Hedge funds and other institutional investors own 97.06% of the company's stock.

Insider Transactions at World Kinect

In other news, CEO Michael J. Kasbar sold 21,507 shares of the 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 completion of the transaction, the chief executive officer now directly owns 1,019,063 shares in the company, valued at approximately $29,512,064.48. This represents a 2.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.20% of the company's stock.

World Kinect Price Performance

Shares of NYSE WKC traded up $0.24 during mid-day trading on Friday, reaching $26.80. The company's stock had a trading volume of 482,046 shares, compared to its average volume of 776,467. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.16 and a quick ratio of 0.99. World Kinect Co. has a 52 week low of $22.71 and a 52 week high of $31.71. The stock has a fifty day moving average of $26.21 and a two-hundred day moving average of $27.45. The firm has a market capitalization of $1.52 billion, a PE ratio of 25.28, a P/E/G ratio of 0.89 and a beta of 1.34.

World Kinect (NYSE:WKC - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $9.45 billion for the quarter, compared to analysts' expectations of $10.47 billion. World Kinect had a net margin of 0.16% and a return on equity of 6.43%. The company's revenue for the quarter was down 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 earnings per share. As a group, sell-side analysts anticipate that World Kinect Co. will post 2.56 EPS for the current fiscal year.

World Kinect Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.54%. World Kinect's payout ratio is 283.33%.

Wall Street Analysts Forecast Growth

WKC has been the subject of several recent analyst reports. Stifel Nicolaus decreased their target price on shares of World Kinect from $32.00 to $30.00 and set a "hold" rating for the company in a report on Friday, February 21st. Bank of America reduced their target price on shares of World Kinect from $27.00 to $26.00 and set an "underperform" rating for the company in a report on Friday, April 25th.

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.