WINTON GROUP Ltd Sells 60,184 Shares of World Kinect Co. (NYSE:WKC)

WINTON GROUP Ltd trimmed its holdings in shares of World Kinect Co. (NYSE:WKC) by 52.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,976 shares of the company’s stock after selling 60,184 shares during the period. WINTON GROUP Ltd owned about 0.09% of World Kinect worth $1,512,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its position in World Kinect by 1.6% during the third quarter. Geode Capital Management LLC now owns 1,370,124 shares of the company’s stock valued at $42,358,000 after purchasing an additional 22,077 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of World Kinect by 244.6% in the 3rd quarter. Quantbot Technologies LP now owns 86,746 shares of the company’s stock valued at $2,681,000 after buying an additional 61,572 shares during the last quarter. Hennessy Advisors Inc. bought a new position in shares of World Kinect in the fourth quarter valued at $50,707,000. Principal Financial Group Inc. increased its holdings in World Kinect by 4.4% during the third quarter. Principal Financial Group Inc. now owns 1,341,484 shares of the company’s stock worth $41,465,000 after buying an additional 56,952 shares during the last quarter. Finally, Barclays PLC raised its position in World Kinect by 18.6% during the third quarter. Barclays PLC now owns 256,126 shares of the company’s stock worth $7,918,000 after acquiring an additional 40,233 shares in the last quarter. Institutional investors own 97.06% of the company’s stock.

Insider Activity

In other news, CEO Michael J. Kasbar sold 21,507 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $28.96, for a total value of $622,842.72. Following the completion of the sale, the chief executive officer now 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.90% of the stock is owned by company insiders.

World Kinect Stock Up 0.0 %

WKC opened at $28.68 on Friday. The stock’s fifty day simple moving average is $28.49 and its 200 day simple moving average is $28.64. World Kinect Co. has a 1-year low of $21.38 and a 1-year high of $31.71. The stock has a market cap of $1.63 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39.

World Kinect (NYSE:WKC) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.05. The company had revenue of $9.76 billion for the quarter, compared to analyst estimates of $10.57 billion. World Kinect had a net margin of 0.16% and a return on equity of 6.43%. As a group, research analysts expect that World Kinect Co. will post 2.56 earnings per share for the current year.

World Kinect Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Monday, March 31st. World Kinect’s dividend payout ratio is presently 64.15%.

Analyst Ratings Changes

Separately, Stifel Nicolaus decreased their price objective on shares of World Kinect from $32.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, February 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.