Two Sigma Securities LLC Acquires Shares of 16,181 World Kinect Co. (NYSE:WKC)

Two Sigma Securities LLC purchased a new position in World Kinect Co. (NYSE:WKC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 16,181 shares of the company's stock, valued at approximately $445,000.

Several other large investors have also recently modified their holdings of WKC. Stifel Financial Corp bought a new stake in World Kinect in the third quarter worth about $485,000. Barclays PLC increased its position in World Kinect by 18.6% during the 3rd quarter. Barclays PLC now owns 256,126 shares of the company's stock valued at $7,918,000 after purchasing an additional 40,233 shares during the period. Wilmington Savings Fund Society FSB bought a new position in World Kinect in the third quarter worth approximately $31,000. Principal Financial Group Inc. lifted its stake in shares of World Kinect by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,341,484 shares of the company's stock worth $41,465,000 after purchasing an additional 56,952 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in shares of World Kinect by 1.5% in the 4th quarter. Nordea Investment Management AB now owns 138,386 shares of the company's stock worth $3,779,000 after buying an additional 2,012 shares during the last quarter. 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 business's stock in a transaction dated 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 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.90% of the company's stock.

World Kinect Trading Up 1.8 %

Shares of World Kinect stock traded up $0.45 during trading hours on Friday, hitting $25.87. The company's stock had a trading volume of 407,226 shares, compared to its average volume of 764,407. The firm has a fifty day moving average of $26.62 and a 200-day moving average of $27.67. World Kinect Co. has a twelve month low of $22.71 and a twelve month high of $31.71. 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 stock has a market cap of $1.47 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 0.89 and a beta of 1.19.

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

World Kinect Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders 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 was Monday, March 31st. World Kinect's dividend payout ratio is currently 283.33%.

Analysts Set New Price Targets

A number of research firms have issued reports on WKC. Bank of America decreased their price target 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. Stifel Nicolaus decreased their target price 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.

World Kinect 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.