World Kinect Co. (NYSE:WKC - Get Free Report) Director Ken Bakshi sold 10,936 shares of the business'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 transaction, the director now directly owns 41,545 shares in the company, valued at approximately $999,988.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
World Kinect Stock Up 0.4 %
WKC opened at $24.60 on Thursday. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 2.19 and a beta of 1.27. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.14. The firm's 50-day simple moving average is $25.03 and its 200-day simple moving average is $23.00. World Kinect Co. has a twelve month low of $17.69 and a twelve month high of $26.83.
World Kinect (NYSE:WKC - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.04. The business had revenue of $12 billion for the quarter, compared to analyst estimates of $12.23 billion. World Kinect had a return on equity of 6.39% and a net margin of 0.12%. During the same period in the prior year, the company earned $0.54 EPS. Equities research analysts anticipate that World Kinect Co. will post 2.19 EPS for the current fiscal year.
World Kinect Increases Dividend
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The business also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Monday, March 25th were paid a dividend of $0.17 per share. This is a boost from World Kinect's previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend was Friday, March 22nd. World Kinect's dividend payout ratio is 73.12%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Raymond James boosted their price objective on shares of World Kinect from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. started coverage on World Kinect in a research note on Wednesday, February 21st. They issued a "neutral" rating and a $25.00 target price for the company. Finally, Bank of America lifted their price target on shares of World Kinect from $23.00 to $26.00 and gave the stock an "underperform" rating in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $26.75.
View Our Latest Report on WKC
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. ProShare Advisors LLC lifted its stake in shares of World Kinect by 7.4% during the first quarter. ProShare Advisors LLC now owns 12,062 shares of the company's stock valued at $319,000 after acquiring an additional 829 shares during the period. Sei Investments Co. raised its holdings in World Kinect by 25.6% during the 1st quarter. Sei Investments Co. now owns 23,468 shares of the company's stock worth $621,000 after purchasing an additional 4,776 shares during the last quarter. Empowered Funds LLC lifted its position in World Kinect by 8.7% during the 1st quarter. Empowered Funds LLC now owns 244,062 shares of the company's stock valued at $6,455,000 after purchasing an additional 19,449 shares during the period. Quantbot Technologies LP boosted its stake in shares of World Kinect by 105.3% in the 1st quarter. Quantbot Technologies LP now owns 42,408 shares of the company's stock valued at $1,122,000 after purchasing an additional 21,755 shares during the last quarter. Finally, LSV Asset Management grew its position in shares of World Kinect by 2.0% during the 1st quarter. LSV Asset Management now owns 1,180,681 shares of the company's stock worth $31,229,000 after buying an additional 22,869 shares during the period. Institutional investors own 97.06% of the company's stock.
About World Kinect
(
Get Free Report)
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.
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