Amalgamated Bank Lowers Stake in World Kinect Co. (NYSE:WKC)

Amalgamated Bank lessened its position in shares of World Kinect Co. (NYSE:WKC) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,899 shares of the company’s stock after selling 663 shares during the period. Amalgamated Bank’s holdings in World Kinect were worth $465,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC purchased a new stake in World Kinect during the fourth quarter valued at about $25,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of World Kinect in the third quarter worth about $31,000. Quarry LP boosted its position in shares of World Kinect by 3,600.0% in the third quarter. Quarry LP now owns 1,073 shares of the company’s stock worth $33,000 after buying an additional 1,044 shares during the period. Centricity Wealth Management LLC purchased a new stake in shares of World Kinect in the fourth quarter worth about $74,000. Finally, Hara Capital LLC purchased a new stake in shares of World Kinect in the third quarter worth about $76,000. Hedge funds and other institutional investors own 97.06% of the company’s stock.

World Kinect Price Performance

Shares of NYSE WKC opened at $28.60 on Wednesday. World Kinect Co. has a 1-year low of $21.38 and a 1-year high of $31.71. The business has a 50-day moving average of $28.22 and a 200-day moving average of $28.64. 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 company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 0.89 and a beta of 1.27.

World Kinect (NYSE:WKC) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. World Kinect had a return on equity of 6.43% and a net margin of 0.16%. The business had revenue of $9.76 billion for the quarter, compared to analysts’ expectations of $10.57 billion. On average, equities analysts anticipate that World Kinect Co. will post 2.56 EPS for the current fiscal year.

World Kinect Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 23rd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Monday, December 23rd. World Kinect’s dividend payout ratio (DPR) is 64.15%.

Analyst Ratings Changes

Separately, Stifel Nicolaus decreased their target price on World Kinect from $32.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, February 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $29.80.

World Kinect Company 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.