World Kinect (NYSE:WKC) PT Lowered to $33.00

World Kinect (NYSE:WKC) had its price objective decreased by Stifel Nicolaus from $35.00 to $33.00 in a report published on Friday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Separately, Raymond James increased their target price on shares of World Kinect from $30.00 to $32.00 and gave the stock an outperform rating in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $28.00.

World Kinect Trading Up 3.5 %

Shares of World Kinect stock opened at $27.80 on Friday. The business has a fifty day simple moving average of $25.89 and a two-hundred day simple moving average of $24.90. World Kinect has a 1 year low of $17.69 and a 1 year high of $27.88. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 29.89, a P/E/G ratio of 0.91 and a beta of 1.24. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.15 and a quick ratio of 0.98.

World Kinect (NYSE:WKC) last posted its earnings results on Thursday, July 25th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.08). World Kinect had a return on equity of 6.26% and a net margin of 0.29%. The firm had revenue of $10.97 billion for the quarter, compared to analyst estimates of $11.98 billion. During the same period in the prior year, the business posted $0.48 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Research analysts forecast that World Kinect will post 2.19 EPS for the current year.

World Kinect Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Monday, June 17th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Monday, June 17th. World Kinect’s dividend payout ratio (DPR) is presently 73.12%.

Insiders Place Their Bets

In related news, Director Ken Bakshi sold 10,936 shares of the company’s stock in a transaction 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 sale, the director now owns 41,545 shares in the company, valued at $999,988.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.90% of the company’s stock.

Institutional Trading of World Kinect

A number of hedge funds and other institutional investors have recently made changes to their positions in WKC. Nisa Investment Advisors LLC purchased a new stake in shares of World Kinect during the fourth quarter valued at approximately $1,421,000. Trexquant Investment LP purchased a new stake in shares of World Kinect during the 4th quarter valued at about $1,262,000. Panagora Asset Management Inc. purchased a new position in World Kinect during the fourth quarter valued at $4,100,000. Semanteon Capital Management LP bought a new position in shares of World Kinect in the fourth quarter worth approximately $1,248,000. Finally, Principal Financial Group Inc. purchased a new position in shares of World Kinect in the fourth quarter valued at about $35,957,000. 97.06% of the stock is currently owned by institutional investors.

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.