Mutual of America Capital Management LLC Purchases Shares of 10,537 World Kinect Co. (NYSE:WKC)

Mutual of America Capital Management LLC purchased a new stake in World Kinect Co. (NYSE:WKC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,537 shares of the company’s stock, valued at approximately $240,000.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new position in World Kinect in the 4th quarter valued at $32,000. Allworth Financial LP bought a new position in World Kinect in the 4th quarter valued at $35,000. SG Americas Securities LLC bought a new position in World Kinect in the 4th quarter valued at $142,000. Legacy Wealth Asset Management LLC bought a new position in World Kinect in the 4th quarter valued at $208,000. Finally, Arizona State Retirement System bought a new position in World Kinect in the 4th quarter valued at $383,000. 97.06% of the stock is owned by institutional investors.

Insider Buying and Selling at World Kinect

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

World Kinect Price Performance

WKC stock opened at $25.17 on Wednesday. The firm’s 50-day moving average price is $25.12 and its two-hundred day moving average price is $22.80. World Kinect Co. has a 12-month low of $17.69 and a 12-month high of $26.83. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 2.19 and a beta of 1.26. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42.

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

World Kinect Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Monday, March 25th were given a $0.17 dividend. 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 2.70%. World Kinect’s payout ratio is presently 80.95%.

Wall Street Analyst Weigh In

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

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.