Yousif Capital Management LLC Sells 1,015 Shares of World Kinect Corporation (NYSE:WKC)

Yousif Capital Management LLC reduced its position in World Kinect Corporation (NYSE:WKC) by 3.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,041 shares of the company’s stock after selling 1,015 shares during the quarter. Yousif Capital Management LLC owned approximately 0.05% of World Kinect worth $880,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Headlands Technologies LLC acquired a new position in shares of World Kinect in the 4th quarter worth approximately $48,000. Centricity Wealth Management LLC bought a new stake in World Kinect in the fourth quarter valued at $74,000. New Age Alpha Advisors LLC acquired a new position in World Kinect during the fourth quarter worth $98,000. Savant Capital LLC lifted its holdings in shares of World Kinect by 16.5% during the fourth quarter. Savant Capital LLC now owns 7,573 shares of the company’s stock valued at $208,000 after acquiring an additional 1,071 shares during the period. Finally, EP Wealth Advisors LLC grew its holdings in shares of World Kinect by 17.0% in the 4th quarter. EP Wealth Advisors LLC now owns 7,604 shares of the company’s stock worth $209,000 after purchasing an additional 1,104 shares during the last quarter. Institutional investors own 97.06% of the company’s stock.

World Kinect Price Performance

Shares of WKC stock opened at $28.02 on Friday. World Kinect Corporation has a 52 week low of $22.71 and a 52 week high of $31.71. The stock has a market capitalization of $1.59 billion, a PE ratio of 116.74, a PEG ratio of 1.15 and a beta of 1.35. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.00 and a current ratio of 1.15. The stock’s fifty day moving average is $26.47 and its 200-day moving average is $27.41.

World Kinect (NYSE:WKC) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $9.45 billion for the quarter, compared to analyst estimates of $10.47 billion. World Kinect had a net margin of 0.05% and a return on equity of 6.46%. The company’s revenue was down 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. Equities research analysts expect that World Kinect Corporation will post 2.56 EPS for the current fiscal year.

World Kinect Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.20 per share. This is a boost from World Kinect’s previous quarterly dividend of $0.17. This represents a $0.80 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Tuesday, June 17th. World Kinect’s dividend payout ratio is 333.33%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Bank of America cut their price target on shares of World Kinect from $27.00 to $26.00 and set an “underperform” rating for the company in a report on Friday, April 25th. Stifel Nicolaus cut their target price on shares of World Kinect from $32.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, February 21st.

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.