Yousif Capital Management LLC Takes $927,000 Position in World Kinect Co. (NYSE:WKC)

Yousif Capital Management LLC purchased a new position in World Kinect Co. (NYSE:WKC) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 40,711 shares of the company’s stock, valued at approximately $927,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. purchased a new position in shares of World Kinect in the third quarter worth approximately $157,793,000. Exchange Traded Concepts LLC purchased a new stake in shares of World Kinect in the fourth quarter valued at $777,000. Nordea Investment Management AB acquired a new stake in shares of World Kinect in the fourth quarter worth $3,843,000. North Star Investment Management Corp. purchased a new position in shares of World Kinect during the fourth quarter valued at $1,139,000. Finally, Legacy Wealth Asset Management LLC acquired a new position in World Kinect during the fourth quarter valued at $208,000. Institutional investors and hedge funds own 97.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WKC. Bank of America raised their price objective on World Kinect from $23.00 to $26.00 and gave the stock an “underperform” rating in a research report on Thursday, March 14th. JPMorgan Chase & Co. initiated coverage on shares of World Kinect in a research report on Wednesday, February 21st. They set a “neutral” rating and a $25.00 price objective on the stock. Finally, Raymond James increased their target price on shares of World Kinect from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $26.75.

World Kinect Trading Up 0.8 %

NYSE:WKC opened at $23.93 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.14. The company has a market capitalization of $1.43 billion, a P/E ratio of 25.73, a P/E/G ratio of 2.17 and a beta of 1.27. The stock’s 50 day moving average price is $25.06 and its 200 day moving average price is $22.92. World Kinect Co. has a 52 week low of $17.69 and a 52 week high of $26.83.

World Kinect (NYSE:WKC) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.50 by $0.04. World Kinect had a net margin of 0.12% and a return on equity of 6.39%. The company had revenue of $12 billion for the quarter, compared to analyst estimates of $12.23 billion. During the same quarter in the prior year, the business posted $0.54 EPS. On average, research analysts forecast that World Kinect Co. will post 2.19 EPS for the current fiscal year.

World Kinect Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Monday, March 25th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.84%. This is a boost from World Kinect’s previous quarterly dividend of $0.14. World Kinect’s payout ratio is currently 73.12%.

Insider Transactions at World Kinect

In related news, Director Paul H. Stebbins sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $24.37, for a total value of $487,400.00. Following the completion of the sale, the director now directly owns 75,375 shares in the company, valued at approximately $1,836,888.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

About World Kinect

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.