Two Sigma Securities LLC Makes New $445,000 Investment in World Kinect Co. (NYSE:WKC)

Two Sigma Securities LLC acquired a new position in World Kinect Co. (NYSE:WKC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,181 shares of the company's stock, valued at approximately $445,000.

A number of other institutional investors also recently modified their holdings of the company. Hennessy Advisors Inc. purchased a new position in World Kinect during the 4th quarter worth $50,707,000. Principal Financial Group Inc. increased its holdings in World Kinect by 4.4% during the third quarter. Principal Financial Group Inc. now owns 1,341,484 shares of the company's stock worth $41,465,000 after buying an additional 56,952 shares during the last quarter. ExodusPoint Capital Management LP purchased a new stake in World Kinect in the fourth quarter worth $2,978,000. Sei Investments Co. raised its stake in shares of World Kinect by 49.9% in the fourth quarter. Sei Investments Co. now owns 32,860 shares of the company's stock valued at $904,000 after buying an additional 10,944 shares during the period. Finally, Barclays PLC increased its holdings in World Kinect by 18.6% in the 3rd quarter. Barclays PLC now owns 256,126 shares of the company's stock worth $7,918,000 after acquiring an additional 40,233 shares during the last quarter. 97.06% of the stock is owned by institutional investors.

World Kinect Stock Up 1.3 %

NYSE:WKC traded up $0.33 during mid-day trading on Wednesday, hitting $25.14. 1,010,496 shares of the company's stock were exchanged, compared to its average volume of 764,299. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.16 and a quick ratio of 0.99. The company has a market cap of $1.43 billion, a PE ratio of 23.72, a P/E/G ratio of 0.89 and a beta of 1.19. The business has a fifty day moving average price of $26.83 and a 200 day moving average price of $27.73. World Kinect Co. has a one year low of $22.71 and a one year high of $31.71.

World Kinect (NYSE:WKC - Get Free Report) last posted its quarterly 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. World Kinect had a return on equity of 6.43% and a net margin of 0.16%. The firm had revenue of $9.45 billion during the quarter, compared to analyst estimates of $10.47 billion. During the same quarter in the previous year, the firm earned $0.47 EPS. World Kinect's quarterly revenue was down 13.7% compared to the same quarter last year. Equities analysts predict that World Kinect Co. will post 2.56 EPS for the current year.

World Kinect Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Monday, March 31st. World Kinect's payout ratio is currently 283.33%.

Insider Activity at World Kinect

In other news, CEO Michael J. Kasbar sold 21,507 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $28.96, for a total transaction of $622,842.72. Following the completion of the sale, the chief executive officer now owns 1,019,063 shares of the company's stock, valued at $29,512,064.48. This represents a 2.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on WKC shares. Stifel Nicolaus decreased their price objective on World Kinect from $32.00 to $30.00 and set a "hold" rating on the stock in a research note on Friday, February 21st. Bank of America reduced their price objective on World Kinect from $27.00 to $26.00 and set an "underperform" rating on the stock in a research report on Friday, April 25th.

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.