WINTON GROUP Ltd Sells 60,184 Shares of World Kinect Co. (NYSE:WKC)

WINTON GROUP Ltd lessened its position in shares of World Kinect Co. (NYSE:WKC) by 52.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 54,976 shares of the company’s stock after selling 60,184 shares during the period. WINTON GROUP Ltd’s holdings in World Kinect were worth $1,512,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WKC. Hennessy Advisors Inc. acquired a new position in World Kinect during the fourth quarter valued at approximately $50,707,000. Boston Partners raised its holdings in shares of World Kinect by 4.4% during the 4th quarter. Boston Partners now owns 1,492,026 shares of the company’s stock worth $41,226,000 after buying an additional 63,234 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of World Kinect by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,371,030 shares of the company’s stock worth $42,379,000 after buying an additional 4,201 shares during the last quarter. Geode Capital Management LLC boosted its stake in World Kinect by 1.6% in the third quarter. Geode Capital Management LLC now owns 1,370,124 shares of the company’s stock valued at $42,358,000 after buying an additional 22,077 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in World Kinect by 4.4% in the third quarter. Principal Financial Group Inc. now owns 1,341,484 shares of the company’s stock valued at $41,465,000 after acquiring an additional 56,952 shares during the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.

Insider Activity

In related 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 value of $622,842.72. Following the completion of the sale, the chief executive officer now directly owns 1,019,063 shares in the company, valued at $29,512,064.48. This represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lowered their target price on World Kinect from $32.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, February 21st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $29.80.

World Kinect Trading Up 0.0 %

Shares of WKC stock opened at $28.68 on Friday. World Kinect Co. has a twelve month low of $21.38 and a twelve month high of $31.71. The stock’s fifty day simple moving average is $28.49 and its 200 day simple moving average is $28.64. 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 firm has a market capitalization of $1.63 billion, a P/E ratio of 27.06, a P/E/G ratio of 0.89 and a beta of 1.16.

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

World Kinect Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Monday, March 31st. World Kinect’s dividend payout ratio (DPR) is currently 64.15%.

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.