World Kinect Corporation $WKC Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC lowered its holdings in World Kinect Corporation (NYSE:WKC) by 57.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,149 shares of the company’s stock after selling 57,191 shares during the period. Campbell & CO Investment Adviser LLC owned about 0.08% of World Kinect worth $1,094,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in WKC. Brandes Investment Partners LP raised its holdings in World Kinect by 0.5% in the second quarter. Brandes Investment Partners LP now owns 2,635,485 shares of the company’s stock valued at $74,716,000 after acquiring an additional 13,262 shares in the last quarter. LSV Asset Management raised its stake in shares of World Kinect by 5.6% in the 2nd quarter. LSV Asset Management now owns 1,637,239 shares of the company’s stock valued at $46,416,000 after purchasing an additional 87,197 shares in the last quarter. Boston Partners lifted its position in shares of World Kinect by 1.4% during the second quarter. Boston Partners now owns 1,492,314 shares of the company’s stock worth $41,367,000 after purchasing an additional 20,046 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of World Kinect by 18.0% during the second quarter. Ameriprise Financial Inc. now owns 732,715 shares of the company’s stock worth $20,773,000 after purchasing an additional 111,525 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in World Kinect by 45.0% in the second quarter. American Century Companies Inc. now owns 635,541 shares of the company’s stock worth $18,018,000 after purchasing an additional 197,153 shares in the last quarter. 97.06% of the stock is owned by institutional investors and hedge funds.

World Kinect Stock Down 1.6%

Shares of World Kinect stock opened at $27.62 on Monday. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -3.57, a PEG ratio of 1.25 and a beta of 1.13. World Kinect Corporation has a twelve month low of $22.70 and a twelve month high of $31.54. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. The business’s 50 day simple moving average is $24.47 and its 200-day simple moving average is $25.80.

World Kinect (NYSE:WKC) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.07). World Kinect had a negative net margin of 1.16% and a positive return on equity of 7.11%. The company had revenue of $9.39 billion for the quarter, compared to analyst estimates of $9.38 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. Equities research analysts forecast that World Kinect Corporation will post 2.56 earnings per share for the current year.

World Kinect Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Monday, December 15th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, December 15th. World Kinect’s dividend payout ratio (DPR) is -10.34%.

Analyst Ratings Changes

A number of research firms have commented on WKC. Weiss Ratings reaffirmed a “sell (d)” rating on shares of World Kinect in a report on Monday, December 29th. Zacks Research lowered World Kinect from a “hold” rating to a “strong sell” rating in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, World Kinect currently has an average rating of “Reduce” and an average price target of $28.75.

World Kinect Company Profile

World Kinect Energy Services, Inc (NYSE: WKC) is a global energy services company specializing in fuel procurement, supply chain management and risk mitigation solutions. The company offers an integrated platform that facilitates the sourcing, trading and logistics of refined fuels, natural gas, liquefied natural gas (LNG) and renewable energy products. Its services are designed to help industrial, commercial and institutional clients optimize energy costs, comply with environmental regulations and manage price volatility.

In addition to traditional commodity trading and delivery, World Kinect provides a suite of value-added services that include carbon offset and decarbonization strategies, energy efficiency consulting and emissions reporting.