Boston Partners Purchases 63,234 Shares of World Kinect Co. (NYSE:WKC)

Boston Partners increased its stake in shares of World Kinect Co. (NYSE:WKC) by 4.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,492,026 shares of the company’s stock after buying an additional 63,234 shares during the period. Boston Partners’ holdings in World Kinect were worth $41,226,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. HHM Wealth Advisors LLC purchased a new position in shares of World Kinect during the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of World Kinect during the third quarter valued at approximately $31,000. Quarry LP raised its holdings in shares of World Kinect by 3,600.0% during the third quarter. Quarry LP now owns 1,073 shares of the company’s stock valued at $33,000 after purchasing an additional 1,044 shares during the last quarter. Centricity Wealth Management LLC purchased a new position in shares of World Kinect during the fourth quarter valued at approximately $74,000. Finally, KBC Group NV raised its holdings 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 purchasing an additional 1,351 shares during the last quarter. 97.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus decreased their price objective on shares of World Kinect from $32.00 to $30.00 and set a “hold” rating for the company in a 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 issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $29.80.

Insiders Place Their Bets

In other World Kinect news, CEO Michael J. Kasbar sold 21,507 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $28.96, for a total value of $622,842.72. Following the completion of the transaction, 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 through this hyperlink. Company insiders own 2.90% of the company’s stock.

World Kinect Stock Up 1.0 %

Shares of WKC stock opened at $28.80 on Thursday. World Kinect Co. has a 12 month low of $21.38 and a 12 month high of $31.71. The stock has a market cap of $1.63 billion, a P/E ratio of 27.17, a P/E/G ratio of 0.89 and a beta of 1.16. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39. The company has a 50 day simple moving average of $28.40 and a two-hundred day simple moving average of $28.64.

World Kinect (NYSE:WKC) last announced its earnings results on Thursday, February 20th. The company reported $0.62 EPS 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 business had revenue of $9.76 billion during the quarter, compared to analysts’ expectations of $10.57 billion. On average, research analysts expect that World Kinect Co. will post 2.56 earnings per share for the current year.

World Kinect Dividend Announcement

The company 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. The ex-dividend date is Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.36%. World Kinect’s payout ratio is currently 64.15%.

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.