Dimensional Fund Advisors LP Has $113.62 Million Stock Holdings in World Kinect Co. (NYSE:WKC)

Dimensional Fund Advisors LP lowered its stake in World Kinect Co. (NYSE:WKC) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,130,278 shares of the company’s stock after selling 70,488 shares during the period. Dimensional Fund Advisors LP owned 7.11% of World Kinect worth $113,623,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Stifel Financial Corp bought a new stake in World Kinect during the 3rd quarter worth $485,000. Barclays PLC boosted its stake in shares of World Kinect by 18.6% during the third quarter. Barclays PLC now owns 256,126 shares of the company’s stock valued at $7,918,000 after purchasing an additional 40,233 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of World Kinect during the third quarter worth about $31,000. Principal Financial Group Inc. increased its stake in shares of World Kinect by 4.4% in the third quarter. Principal Financial Group Inc. now owns 1,341,484 shares of the company’s stock valued at $41,465,000 after buying an additional 56,952 shares during the period. Finally, Nordea Investment Management AB raised its holdings in World Kinect by 1.5% in the 4th quarter. Nordea Investment Management AB now owns 138,386 shares of the company’s stock valued at $3,779,000 after buying an additional 2,012 shares during the last quarter. Institutional investors own 97.06% of the company’s stock.

Wall Street Analysts Forecast Growth

WKC has been the topic of a number of research reports. Stifel Nicolaus reduced their target price on shares of World Kinect from $32.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, February 21st. Bank of America reduced their price objective on shares of World Kinect from $27.00 to $26.00 and set an “underperform” rating on the stock in a research note on Friday.

Insider Activity

In other World Kinect news, CEO Michael J. Kasbar sold 21,507 shares of World Kinect stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 directly owns 1,019,063 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is owned by company insiders.

World Kinect Stock Performance

Shares of WKC stock opened at $24.16 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.16 and a quick ratio of 0.99. World Kinect Co. has a one year low of $22.71 and a one year high of $31.71. The business’s 50 day simple moving average is $26.94 and its 200 day simple moving average is $27.80. The stock has a market capitalization of $1.37 billion, a PE ratio of 22.79, a PEG ratio of 0.89 and a beta of 1.19.

World Kinect (NYSE:WKC) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $9.45 billion during the quarter, compared to analysts’ expectations of $10.47 billion. World Kinect had a net margin of 0.16% and a return on equity of 6.43%. During the same period in the prior year, the company posted $0.47 earnings per share. As a group, research analysts forecast that World Kinect Co. will post 2.56 earnings per share for the current year.

World Kinect Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, March 31st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Monday, March 31st. World Kinect’s dividend payout ratio (DPR) is presently 64.15%.

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.