World Kinect Co. (NYSE:WKC) Shares Bought by Boston Partners

Boston Partners raised its holdings in World Kinect Co. (NYSE:WKC) by 12.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,358,173 shares of the company’s stock after purchasing an additional 149,433 shares during the period. Boston Partners owned about 2.27% of World Kinect worth $35,263,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP acquired a new stake in shares of World Kinect in the fourth quarter worth approximately $90,585,000. Brandes Investment Partners LP acquired a new stake in shares of World Kinect in the fourth quarter worth approximately $57,423,000. Principal Financial Group Inc. acquired a new stake in shares of World Kinect in the fourth quarter worth approximately $35,957,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of World Kinect in the fourth quarter worth approximately $28,874,000. Finally, River Road Asset Management LLC acquired a new stake in shares of World Kinect in the fourth quarter worth approximately $26,514,000. 97.06% of the stock is owned by institutional investors and hedge funds.

World Kinect Trading Down 3.3 %

NYSE WKC traded down $0.92 on Friday, reaching $26.64. 721,809 shares of the company were exchanged, compared to its average volume of 501,635. The business’s fifty day moving average price is $26.11 and its 200 day moving average price is $25.03. The stock has a market capitalization of $1.57 billion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 1.05 and a beta of 1.24. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 0.39. World Kinect Co. has a fifty-two week low of $17.69 and a fifty-two week high of $28.60.

World Kinect (NYSE:WKC) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.08). The company had revenue of $10.97 billion for the quarter, compared to analyst estimates of $11.98 billion. World Kinect had a return on equity of 6.26% and a net margin of 0.29%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the firm posted $0.48 EPS. Analysts forecast that World Kinect Co. will post 2.16 earnings per share for the current year.

World Kinect Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Monday, June 17th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.68 dividend on an annualized basis and a yield of 2.55%. World Kinect’s dividend payout ratio is currently 73.12%.

Insider Buying and Selling at World Kinect

In other World Kinect news, Director John L. Manley sold 16,000 shares of World Kinect stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $28.28, for a total value of $452,480.00. Following the sale, the director now owns 49,614 shares in the company, valued at $1,403,083.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Ken Bakshi sold 10,936 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $24.07, for a total value of $263,229.52. Following the sale, the director now owns 41,545 shares in the company, valued at approximately $999,988.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Manley sold 16,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $28.28, for a total value of $452,480.00. Following the completion of the sale, the director now owns 49,614 shares in the company, valued at approximately $1,403,083.92. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lowered their price target on World Kinect from $35.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, World Kinect presently has a consensus rating of “Hold” and a consensus target price of $28.00.

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.