Dimensional Fund Advisors LP Has $113.62 Million Position in World Kinect Co. (NYSE:WKC)

Dimensional Fund Advisors LP decreased its holdings in shares of World Kinect Co. (NYSE:WKC) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,130,278 shares of the company’s stock after selling 70,488 shares during the period. Dimensional Fund Advisors LP owned approximately 0.07% of World Kinect worth $113,623,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Hennessy Advisors Inc. acquired a new stake in shares of World Kinect in the 4th quarter worth about $50,707,000. Principal Financial Group Inc. raised its stake in shares of World Kinect by 4.4% in the third quarter. Principal Financial Group Inc. now owns 1,341,484 shares of the company’s stock worth $41,465,000 after purchasing an additional 56,952 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in shares of World Kinect in the fourth quarter valued at approximately $2,978,000. Sei Investments Co. boosted its position in shares of World Kinect by 49.9% during the fourth quarter. Sei Investments Co. now owns 32,860 shares of the company’s stock valued at $904,000 after buying an additional 10,944 shares during the last quarter. Finally, Barclays PLC grew its holdings in World Kinect by 18.6% during the third quarter. Barclays PLC now owns 256,126 shares of the company’s stock worth $7,918,000 after buying an additional 40,233 shares in the last quarter. 97.06% of the stock is owned by institutional investors.

World Kinect Stock Performance

Shares of World Kinect stock opened at $24.16 on Friday. The firm has a market capitalization of $1.37 billion, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.19. 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 business’s fifty day simple moving average is $26.94 and its 200 day simple moving average is $27.80. World Kinect Co. has a 12 month low of $22.71 and a 12 month high of $31.71.

World Kinect (NYSE:WKC) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. World Kinect had a net margin of 0.16% and a return on equity of 6.43%. The company had revenue of $9.45 billion for the quarter, compared to the consensus estimate of $10.47 billion. During the same period in the previous year, the firm earned $0.47 EPS. As a group, analysts anticipate that World Kinect Co. will post 2.56 EPS for the current year.

World Kinect Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.68 annualized dividend and a dividend yield of 2.81%. World Kinect’s payout ratio is currently 64.15%.

Analyst Ratings Changes

A number of research firms have issued reports on WKC. Bank of America cut their price objective on shares of World Kinect from $27.00 to $26.00 and set an “underperform” rating on the stock in a report on Friday. Stifel Nicolaus cut their price target on shares of World Kinect from $32.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, February 21st.

Insider Buying and Selling

In related news, CEO Michael J. Kasbar sold 21,507 shares of World Kinect stock in a transaction dated 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 owns 1,019,063 shares of the company’s stock, valued at approximately $29,512,064.48. This trade represents a 2.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is currently owned by insiders.

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.