New York State Teachers Retirement System Sells 2,915 Shares of World Kinect Co. (NYSE:WKC)

New York State Teachers Retirement System decreased its stake in shares of World Kinect Co. (NYSE:WKC) by 2.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 103,123 shares of the company’s stock after selling 2,915 shares during the period. New York State Teachers Retirement System owned 0.18% of World Kinect worth $2,837,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. HHM Wealth Advisors LLC bought a new stake in shares of World Kinect during the 4th quarter worth about $25,000. Wilmington Savings Fund Society FSB acquired a new stake in World Kinect in the 3rd quarter worth about $31,000. Quarry LP raised its stake in World Kinect by 3,600.0% in the 3rd quarter. Quarry LP now owns 1,073 shares of the company’s stock worth $33,000 after purchasing an additional 1,044 shares in the last quarter. Hara Capital LLC acquired a new stake in World Kinect in the 3rd quarter worth about $76,000. Finally, KBC Group NV raised its stake in World Kinect by 60.2% in the 4th quarter. KBC Group NV now owns 3,597 shares of the company’s stock worth $99,000 after purchasing an additional 1,351 shares in the last quarter. Institutional investors own 97.06% of the company’s stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus dropped their target price 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. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $29.80.

World Kinect Price Performance

Shares of NYSE:WKC opened at $30.72 on Friday. The stock has a market capitalization of $1.78 billion, a PE ratio of 13.65, a PEG ratio of 0.88 and a beta of 1.27. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $27.89 and a 200-day moving average of $28.46. World Kinect Co. has a 12 month low of $21.38 and a 12 month high of $31.70.

World Kinect (NYSE:WKC) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.62 earnings per share (EPS) 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 0.30% and a return on equity of 6.29%. On average, equities research analysts predict that World Kinect Co. will post 2.08 EPS for the current fiscal year.

World Kinect Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 23rd were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Monday, December 23rd. World Kinect’s dividend payout ratio (DPR) 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.