Russell Investments Group Ltd. Purchases 2,923 Shares of World Kinect Co. (NYSE:WKC)

Russell Investments Group Ltd. lifted its position in shares of World Kinect Co. (NYSE:WKC) by 5.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 54,743 shares of the company’s stock after acquiring an additional 2,923 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of World Kinect worth $1,506,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC bought a new position in World Kinect during the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB bought a new position in World Kinect in the 3rd quarter worth approximately $31,000. Headlands Technologies LLC purchased a new position in World Kinect in the 4th quarter valued at approximately $48,000. Centricity Wealth Management LLC bought a new stake in World Kinect during the 4th quarter valued at $74,000. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of World Kinect during the fourth quarter worth $98,000. Hedge funds and other institutional investors own 97.06% of the company’s stock.

Insider Activity

In other World Kinect news, CEO Michael J. Kasbar sold 21,507 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $28.96, for a total transaction of $622,842.72. Following the completion of the sale, the chief executive officer now directly owns 1,019,063 shares of the company’s stock, valued at approximately $29,512,064.48. This represents a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Stifel Nicolaus reduced their price target on World Kinect from $32.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, February 21st.

World Kinect Trading Up 0.5 %

Shares of WKC stock opened at $23.61 on Friday. The company has a market capitalization of $1.34 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 0.89 and a beta of 1.19. World Kinect Co. has a 52-week low of $21.38 and a 52-week high of $31.71. The business’s fifty day moving average is $27.31 and its 200 day moving average is $28.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.16.

World Kinect (NYSE:WKC) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $9.76 billion for the quarter, compared to the consensus estimate of $10.57 billion. World Kinect had a return on equity of 6.43% and a net margin of 0.16%. On average, equities research analysts anticipate that World Kinect Co. will post 2.56 EPS for the current fiscal year.

World Kinect Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Monday, March 31st were issued a dividend of $0.17 per share. The ex-dividend date was Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.88%. World Kinect’s dividend payout ratio is presently 64.15%.

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.