Yousif Capital Management LLC Makes New $927,000 Investment in World Kinect Co. (NYSE:WKC)

Yousif Capital Management LLC bought a new stake in World Kinect Co. (NYSE:WKC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 40,711 shares of the company’s stock, valued at approximately $927,000. Yousif Capital Management LLC owned approximately 0.07% of World Kinect as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WKC. Allspring Global Investments Holdings LLC purchased a new stake in World Kinect in the 4th quarter valued at approximately $32,000. Allworth Financial LP acquired a new position in World Kinect during the fourth quarter worth $35,000. Parkside Financial Bank & Trust acquired a new position in World Kinect during the fourth quarter worth $45,000. SG Americas Securities LLC purchased a new position in World Kinect in the fourth quarter worth $142,000. Finally, EMC Capital Management purchased a new stake in shares of World Kinect during the 4th quarter worth $146,000. 97.06% of the stock is currently owned by institutional investors and hedge funds.

World Kinect Trading Up 0.8 %

Shares of WKC opened at $23.93 on Friday. World Kinect Co. has a 1-year low of $17.69 and a 1-year high of $26.83. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.14 and a quick ratio of 0.97. The firm has a 50 day simple moving average of $25.06 and a 200-day simple moving average of $22.92. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 2.17 and a beta of 1.27.

World Kinect (NYSE:WKC) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.04. The business had revenue of $12 billion for the quarter, compared to the consensus estimate 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 business earned $0.54 earnings per share. Equities analysts forecast that World Kinect Co. will post 2.19 EPS for the current fiscal year.

World Kinect Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Monday, March 25th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, March 22nd. This is an increase from World Kinect’s previous quarterly dividend of $0.14. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.84%. World Kinect’s payout ratio is 73.12%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WKC shares. JPMorgan Chase & Co. began coverage on shares of World Kinect in a research note on Wednesday, February 21st. They issued a “neutral” rating and a $25.00 price objective for the company. Bank of America boosted their price target on World Kinect from $23.00 to $26.00 and gave the stock an “underperform” rating in a research note on Thursday, March 14th. Finally, Raymond James raised their price objective on World Kinect from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.75.

Insider Activity

In related news, Director Paul H. Stebbins sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $24.37, for a total transaction of $487,400.00. Following the sale, the director now owns 75,375 shares in the company, valued at $1,836,888.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.60% of the company’s stock.

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.