Teacher Retirement System of Texas Has $472,000 Holdings in World Kinect Co. (NYSE:WKC)

Teacher Retirement System of Texas raised its position in World Kinect Co. (NYSE:WKC) by 64.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,161 shares of the company’s stock after buying an additional 6,733 shares during the quarter. Teacher Retirement System of Texas’ holdings in World Kinect were worth $472,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Intech Investment Management LLC bought a new position in World Kinect in the third quarter valued at approximately $454,000. Charles Schwab Investment Management Inc. lifted its stake in World Kinect by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,371,030 shares of the company’s stock worth $42,379,000 after purchasing an additional 4,201 shares during the last quarter. Edgestream Partners L.P. boosted its holdings in shares of World Kinect by 369.1% in the 3rd quarter. Edgestream Partners L.P. now owns 63,542 shares of the company’s stock valued at $1,964,000 after purchasing an additional 49,997 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of World Kinect during the 3rd quarter worth $297,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of World Kinect during the 3rd quarter worth $535,000. 97.06% of the stock is currently owned by institutional investors and hedge funds.

World Kinect Stock Performance

NYSE WKC opened at $28.37 on Tuesday. World Kinect Co. has a fifty-two week low of $21.38 and a fifty-two week high of $31.71. The stock has a market cap of $1.61 billion, a PE ratio of 26.77, a PEG ratio of 0.89 and a beta of 1.16. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.16. The firm’s fifty day moving average price is $28.51 and its two-hundred day moving average price is $28.65.

World Kinect (NYSE:WKC) last issued its earnings results on Thursday, February 20th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $10.57 billion. On average, equities analysts expect that World Kinect Co. will post 2.56 EPS for the current fiscal year.

World Kinect Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 31st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.68 annualized dividend and a yield of 2.40%. World Kinect’s dividend payout ratio is presently 64.15%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus decreased their target price on World Kinect from $32.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $29.80.

Insiders Place Their Bets

In other World Kinect news, CEO Michael J. Kasbar sold 21,507 shares of World Kinect stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $28.96, for a total transaction of $622,842.72. Following the transaction, the chief executive officer now directly owns 1,019,063 shares of the company’s stock, valued at approximately $29,512,064.48. The trade was a 2.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.90% of the company’s stock.

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.