World Kinect Co. (NYSE:WKC) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV decreased its position in World Kinect Co. (NYSE:WKC) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,491 shares of the company’s stock after selling 429 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in World Kinect were worth $371,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. HHM Wealth Advisors LLC acquired a new stake in World Kinect in the fourth quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new stake in shares of World Kinect during the fourth quarter worth approximately $48,000. Centricity Wealth Management LLC acquired a new stake in shares of World Kinect during the fourth quarter worth approximately $74,000. New Age Alpha Advisors LLC acquired a new stake in shares of World Kinect during the fourth quarter worth approximately $98,000. Finally, KBC Group NV grew its position 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 worth $99,000 after buying an additional 1,351 shares in the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.

World Kinect Stock Performance

Shares of WKC opened at $27.27 on Thursday. The business’s fifty day moving average price is $26.17 and its 200 day moving average price is $27.43. World Kinect Co. has a 12-month low of $22.71 and a 12-month high of $31.71. The stock has a market capitalization of $1.54 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. 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 (NYSE:WKC) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $9.45 billion for the quarter, compared to analysts’ expectations of $10.47 billion. World Kinect had a return on equity of 6.43% and a net margin of 0.16%. The firm’s revenue for the quarter was down 13.7% on a year-over-year basis. During the same period last year, the business posted $0.47 earnings per share. Equities research analysts forecast that World Kinect Co. will post 2.56 EPS for the current year.

World Kinect Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Monday, March 31st. World Kinect’s payout ratio is 283.33%.

Analyst Upgrades and Downgrades

WKC has been the subject of a number of recent analyst reports. 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. Bank of America reduced their price objective on World Kinect from $27.00 to $26.00 and set an “underperform” rating on the stock in a research note on Friday, April 25th.

Insider Buying and Selling at World Kinect

In other World Kinect news, CEO Michael J. Kasbar sold 21,507 shares of the firm’s 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 sale, the chief executive officer now directly owns 1,019,063 shares in the company, valued at approximately $29,512,064.48. This trade represents a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.20% of the stock is currently owned by company insiders.

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.