Rhumbline Advisers Acquires 14,233 Shares of World Kinect Co. (NYSE:WKC)

Rhumbline Advisers raised its stake in World Kinect Co. (NYSE:WKC) by 7.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 208,980 shares of the company’s stock after acquiring an additional 14,233 shares during the period. Rhumbline Advisers’ holdings in World Kinect were worth $5,749,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of WKC. HHM Wealth Advisors LLC bought a new stake in shares of World Kinect in the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB bought a new position in World Kinect during the 3rd quarter valued at approximately $31,000. Quarry LP lifted its holdings in World Kinect by 3,600.0% in the 3rd quarter. Quarry LP now owns 1,073 shares of the company’s stock worth $33,000 after buying an additional 1,044 shares during the period. Hara Capital LLC bought a new stake in shares of World Kinect in the 3rd quarter worth approximately $76,000. Finally, KBC Group NV increased its stake in shares of World Kinect by 60.2% during the fourth quarter. KBC Group NV now owns 3,597 shares of the company’s stock valued at $99,000 after buying an additional 1,351 shares during the period. Hedge funds and other institutional investors own 97.06% of the company’s stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus dropped their price target 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $29.80.

World Kinect Price Performance

WKC stock opened at $30.13 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.16 and a quick ratio of 0.99. World Kinect Co. has a 1 year low of $21.38 and a 1 year high of $31.70. The firm has a 50-day moving average of $27.98 and a 200 day moving average of $28.55. The company has a market cap of $1.75 billion, a P/E ratio of 28.42, a PEG ratio of 0.89 and a beta of 1.27.

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

World Kinect Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 23rd were issued a $0.17 dividend. The ex-dividend date was Monday, December 23rd. This represents a $0.68 dividend on an annualized basis and a yield of 2.26%. World Kinect’s dividend payout ratio (DPR) is 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.