74,689 Shares in World Kinect Co. (NYSE:WKC) Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new stake in shares of World Kinect Co. (NYSE:WKC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 74,689 shares of the company’s stock, valued at approximately $2,055,000.

A number of other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new stake in shares of World Kinect in the 3rd quarter worth about $138,806,000. Deprince Race & Zollo Inc. purchased a new stake in shares of World Kinect during the second quarter valued at about $12,207,000. Brandes Investment Partners LP grew its holdings in World Kinect by 10.6% in the second quarter. Brandes Investment Partners LP now owns 2,972,932 shares of the company’s stock worth $76,714,000 after purchasing an additional 284,560 shares during the last quarter. EVR Research LP raised its stake in World Kinect by 14.1% in the second quarter. EVR Research LP now owns 850,000 shares of the company’s stock valued at $21,930,000 after buying an additional 105,000 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in World Kinect in the second quarter worth about $1,901,000. Institutional investors own 97.06% of the company’s stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus downgraded shares of World Kinect from a “buy” rating to a “hold” rating and dropped their price objective for the company from $33.00 to $32.00 in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, World Kinect presently has an average rating of “Hold” and an average target price of $30.20.

World Kinect Trading Down 1.0 %

Shares of NYSE:WKC opened at $28.29 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.16 and a quick ratio of 0.99. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 0.94 and a beta of 1.28. World Kinect Co. has a 1 year low of $21.38 and a 1 year high of $31.70. The business’s 50 day moving average price is $27.99 and its 200-day moving average price is $28.20.

World Kinect (NYSE:WKC) last announced its earnings results on Thursday, October 24th. The company reported $0.62 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.62. The company had revenue of $10.49 billion for the quarter, compared to analysts’ expectations of $11.77 billion. World Kinect had a net margin of 0.30% and a return on equity of 6.29%. The firm’s quarterly revenue was down 14.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 EPS. On average, equities research analysts forecast that World Kinect Co. will post 2.13 earnings per share for the current fiscal year.

World Kinect Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.17 per share. The ex-dividend date was Monday, December 23rd. This represents a $0.68 annualized dividend and a dividend yield of 2.40%. World Kinect’s dividend payout ratio is presently 30.22%.

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.