14,298 Shares in World Kinect Corporation (NYSE:WKC) Acquired by Natixis Advisors LLC

Natixis Advisors LLC purchased a new stake in World Kinect Corporation (NYSE:WKC) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,298 shares of the company’s stock, valued at approximately $405,000.

Other institutional investors also recently modified their holdings of the company. EP Wealth Advisors LLC raised its position in shares of World Kinect by 17.0% in the fourth quarter. EP Wealth Advisors LLC now owns 7,604 shares of the company’s stock valued at $209,000 after purchasing an additional 1,104 shares during the period. Eukles Asset Management raised its position in shares of World Kinect by 17.6% in the first quarter. Eukles Asset Management now owns 7,800 shares of the company’s stock valued at $221,000 after purchasing an additional 1,165 shares during the period. Quantinno Capital Management LP bought a new position in shares of World Kinect in the fourth quarter valued at approximately $224,000. Cetera Investment Advisers bought a new position in shares of World Kinect in the fourth quarter valued at approximately $242,000. Finally, Syon Capital LLC bought a new position in shares of World Kinect in the fourth quarter valued at approximately $273,000. Institutional investors own 97.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WKC. Raymond James Financial reissued an “outperform” rating and issued a $33.00 price target (down previously from $35.00) on shares of World Kinect in a research report on Friday, August 1st. Bank of America lowered their price objective on shares of World Kinect from $27.00 to $26.00 and set an “underperform” rating on the stock in a research note on Friday, April 25th. Finally, Morgan Stanley lowered their price target on shares of World Kinect from $32.00 to $26.00 and set an “underweight” rating on the stock in a report on Wednesday, August 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $29.40.

World Kinect Stock Down 1.3%

WKC opened at $25.09 on Tuesday. The firm’s 50-day simple moving average is $27.91 and its 200-day simple moving average is $27.41. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -3.29, a PEG ratio of 1.15 and a beta of 1.39. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.98 and a current ratio of 1.13. World Kinect Corporation has a twelve month low of $22.70 and a twelve month high of $31.70.

World Kinect (NYSE:WKC) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.11. The business had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $9.32 billion. World Kinect had a negative net margin of 1.11% and a positive return on equity of 7.07%. Equities research analysts anticipate 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 was paid on Wednesday, July 16th. Investors of record on Tuesday, June 17th were given a dividend of $0.20 per share. This is a positive change from World Kinect’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, June 17th. This represents a $0.80 annualized dividend and a yield of 3.2%. World Kinect’s dividend payout ratio is currently -10.48%.

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.