Campbell & CO Investment Adviser LLC Acquires New Position in World Kinect Co. (NYSE:WKC)

Campbell & CO Investment Adviser LLC acquired a new stake in shares of World Kinect Co. (NYSE:WKCFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,524 shares of the company’s stock, valued at approximately $468,000.

Several other large investors have also bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of World Kinect during the fourth quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC bought a new stake in shares of World Kinect in the 4th quarter worth $32,000. Allworth Financial LP purchased a new position in shares of World Kinect in the fourth quarter worth $35,000. Parkside Financial Bank & Trust bought a new position in shares of World Kinect during the fourth quarter valued at $45,000. Finally, Assetmark Inc. purchased a new stake in shares of World Kinect during the fourth quarter valued at $96,000. 97.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at World Kinect

In related news, Director Ken Bakshi sold 10,936 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $24.07, for a total transaction of $263,229.52. Following the completion of the transaction, the director now directly owns 41,545 shares in the company, valued at approximately $999,988.15. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.90% of the company’s stock.

World Kinect Stock Performance

WKC opened at $25.95 on Monday. The company’s 50 day moving average is $25.14 and its 200 day moving average is $23.86. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 0.88 and a beta of 1.30. World Kinect Co. has a 12-month low of $17.69 and a 12-month high of $26.83.

World Kinect (NYSE:WKCGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.02). The business had revenue of $10.95 billion for the quarter, compared to analysts’ expectations of $12.29 billion. World Kinect had a return on equity of 6.39% and a net margin of 0.12%. On average, equities research analysts predict that World Kinect Co. will post 2.2 EPS for the current year.

World Kinect Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Monday, June 17th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Monday, June 17th. World Kinect’s payout ratio is 73.12%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WKC. JPMorgan Chase & Co. began coverage on shares of World Kinect in a research note on Wednesday, February 21st. They set a “neutral” rating and a $25.00 target price on the stock. Bank of America raised their target price 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. Finally, Raymond James boosted their target price on shares of World Kinect from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, April 3rd. One 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $26.75.

Check Out Our Latest Report on WKC

About World Kinect

(Free Report)

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.

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Institutional Ownership by Quarter for World Kinect (NYSE:WKC)

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