Semanteon Capital Management LP Purchases Shares of 54,798 World Kinect Co. (NYSE:WKC)

Semanteon Capital Management LP purchased a new stake in shares of World Kinect Co. (NYSE:WKC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 54,798 shares of the company’s stock, valued at approximately $1,248,000. World Kinect comprises about 0.8% of Semanteon Capital Management LP’s holdings, making the stock its 16th biggest position. Semanteon Capital Management LP owned about 0.09% of World Kinect at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of WKC. Allspring Global Investments Holdings LLC purchased a new stake in shares of World Kinect during the fourth quarter valued at about $32,000. Allworth Financial LP purchased a new position in shares of World Kinect in the 4th quarter valued at approximately $35,000. Parkside Financial Bank & Trust purchased a new position in shares of World Kinect in the 4th quarter valued at approximately $45,000. SG Americas Securities LLC purchased a new position in shares of World Kinect in the 4th quarter valued at approximately $142,000. Finally, EMC Capital Management purchased a new position in shares of World Kinect in the 4th quarter valued at approximately $146,000. 97.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at World Kinect

In other news, Director Paul H. Stebbins sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $24.37, for a total transaction of $487,400.00. Following the sale, the director now owns 75,375 shares of the company’s stock, valued at approximately $1,836,888.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on WKC shares. Bank of America increased their price objective on shares of World Kinect from $23.00 to $26.00 and gave the company an “underperform” rating in a research report on Thursday, March 14th. JPMorgan Chase & Co. started coverage on shares of World Kinect in a research report on Wednesday, February 21st. They issued a “neutral” rating and a $25.00 price objective for the company. Finally, Raymond James increased their price objective on shares of World Kinect from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, World Kinect currently has a consensus rating of “Hold” and an average price target of $26.75.

World Kinect Stock Performance

WKC traded down $0.36 during trading on Thursday, reaching $24.68. 426,891 shares of the company’s stock were exchanged, compared to its average volume of 542,296. World Kinect Co. has a 1 year low of $17.69 and a 1 year high of $26.83. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.11 and a quick ratio of 0.95. The stock has a market capitalization of $1.48 billion, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 2.24 and a beta of 1.26. The company’s fifty day simple moving average is $25.15 and its 200-day simple moving average is $22.83.

World Kinect (NYSE:WKC) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.04. The company had revenue of $12 billion during the quarter, compared to analyst estimates of $12.23 billion. World Kinect had a net margin of 0.11% and a return on equity of 6.07%. During the same period last year, the firm posted $0.54 EPS. As a group, research analysts predict that World Kinect Co. will post 2.25 earnings per share for the current fiscal year.

World Kinect Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Monday, March 25th were paid a dividend of $0.17 per share. This is a boost from World Kinect’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, March 22nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.76%. World Kinect’s dividend payout ratio (DPR) is presently 80.95%.

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.