World Kinect Co. (NYSE:WKC) Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of World Kinect Co. (NYSE:WKC) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,176 shares of the company’s stock after purchasing an additional 947 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of World Kinect worth $885,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hennessy Advisors Inc. acquired a new stake in shares of World Kinect during the fourth quarter valued at about $50,707,000. Boston Partners lifted its holdings in shares of World Kinect by 4.4% in the 4th quarter. Boston Partners now owns 1,492,026 shares of the company’s stock worth $41,226,000 after acquiring an additional 63,234 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of World Kinect by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,370,124 shares of the company’s stock worth $42,358,000 after purchasing an additional 22,077 shares during the period. Principal Financial Group Inc. increased its holdings in World Kinect by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,341,484 shares of the company’s stock valued at $41,465,000 after purchasing an additional 56,952 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new stake in World Kinect in the fourth quarter valued at approximately $9,182,000. 97.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at World Kinect

In other news, CEO Michael J. Kasbar sold 21,507 shares of World Kinect stock in a transaction 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. The trade was a 2.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.90% of the company’s stock.

World Kinect Trading Up 0.2 %

Shares of WKC stock opened at $28.42 on Wednesday. World Kinect Co. has a fifty-two week low of $21.38 and a fifty-two week high of $31.71. The company has a 50 day moving average price of $28.50 and a 200 day moving average price of $28.65. The stock has a market capitalization of $1.61 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. 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 posted its quarterly earnings data on Thursday, February 20th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $9.76 billion for the quarter, compared to analyst estimates of $10.57 billion. World Kinect had a return on equity of 6.43% and a net margin of 0.16%. Equities research analysts predict that World Kinect Co. will post 2.56 EPS for the current fiscal year.

World Kinect Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Monday, March 31st. World Kinect’s payout ratio is presently 64.15%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus dropped their price objective on World Kinect from $32.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, February 21st. 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 stock. Based on data from MarketBeat.com, World Kinect has an average rating of “Hold” and a consensus price target of $29.80.

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.