Quantbot Technologies LP Buys 15,127 Shares of World Kinect Co. (NYSE:WKC)

Quantbot Technologies LP boosted its stake in World Kinect Co. (NYSE:WKC) by 17.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,873 shares of the company’s stock after purchasing an additional 15,127 shares during the period. Quantbot Technologies LP owned about 0.18% of World Kinect worth $2,803,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WKC. Hennessy Advisors Inc. bought a new position in World Kinect in the 4th quarter valued at approximately $50,707,000. Great Lakes Advisors LLC acquired a new position in World Kinect in the 4th quarter valued at approximately $9,182,000. Amundi increased its position in World Kinect by 1,254.3% in the 4th quarter. Amundi now owns 164,928 shares of the company’s stock valued at $4,536,000 after acquiring an additional 152,750 shares during the period. Moran Wealth Management LLC acquired a new position in World Kinect in the 4th quarter valued at approximately $2,295,000. Finally, Kingsview Wealth Management LLC acquired a new position in World Kinect in the 4th quarter valued at approximately $2,248,000. Institutional investors own 97.06% of the company’s stock.

World Kinect Trading Down 1.4 %

WKC opened at $27.98 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 0.39. The stock has a market cap of $1.59 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. The company has a fifty day moving average of $28.43 and a 200-day moving average of $28.63. World Kinect Co. has a twelve month low of $21.38 and a twelve month high of $31.71.

World Kinect (NYSE:WKC) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. World Kinect had a net margin of 0.16% and a return on equity of 6.43%. The firm had revenue of $9.76 billion for the quarter, compared to analyst estimates of $10.57 billion. On average, sell-side analysts predict that World Kinect Co. will post 2.56 EPS for the current year.

World Kinect Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Monday, March 31st. World Kinect’s dividend payout ratio (DPR) is 64.15%.

Insider Buying and Selling at World Kinect

In related news, CEO Michael J. Kasbar sold 21,507 shares of the firm’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 transaction, the chief executive officer now directly owns 1,019,063 shares of the company’s stock, valued at $29,512,064.48. This trade represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus decreased their price target on shares of World Kinect from $32.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $29.80.

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.