World Kinect Co. (NYSE:WKC) Shares Bought by Barclays PLC

Barclays PLC increased its position in shares of World Kinect Co. (NYSE:WKC - Free Report) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 267,670 shares of the company's stock after purchasing an additional 11,544 shares during the period. Barclays PLC owned 0.46% of World Kinect worth $7,363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. HHM Wealth Advisors LLC purchased a new position in World Kinect during the fourth quarter valued at $25,000. Wilmington Savings Fund Society FSB bought a new stake in World Kinect in the 3rd quarter valued at $31,000. Headlands Technologies LLC bought a new stake in World Kinect in the 4th quarter valued at $48,000. Centricity Wealth Management LLC bought a new stake in World Kinect in the 4th quarter valued at $74,000. Finally, New Age Alpha Advisors LLC bought a new stake in World Kinect in the 4th quarter valued at $98,000. 97.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WKC has been the topic of a number of research reports. Bank of America reduced their target price on shares of World Kinect from $27.00 to $26.00 and set an "underperform" rating on the stock in a report on Friday, April 25th. Stifel Nicolaus cut their price target 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.

World Kinect Trading Up 1.3 %

World Kinect stock traded up $0.33 during trading hours on Wednesday, hitting $25.14. The company had a trading volume of 1,010,496 shares, compared to its average volume of 762,864. The firm has a market cap of $1.43 billion, a P/E ratio of 23.72, a P/E/G ratio of 0.89 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.16. World Kinect Co. has a 1 year low of $22.71 and a 1 year high of $31.71. The company has a 50-day moving average price of $26.83 and a two-hundred day moving average price of $27.73.

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 analysts' consensus estimates of $0.45 by $0.03. The firm had revenue of $9.45 billion for the quarter, compared to the consensus estimate of $10.47 billion. World Kinect had a net margin of 0.16% and a return on equity of 6.43%. The company's quarterly revenue was down 13.7% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. On average, sell-side analysts anticipate that World Kinect Co. will post 2.56 earnings per share for the current year.

World Kinect Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st were given a dividend of $0.17 per share. The ex-dividend date was Monday, March 31st. This represents a $0.68 annualized dividend and a yield of 2.70%. World Kinect's dividend payout ratio (DPR) is presently 283.33%.

Insider Buying and Selling at World Kinect

In other news, CEO Michael J. Kasbar sold 21,507 shares of the stock in a transaction 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 sale, the chief executive officer now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.90% of the company's stock.

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.