Semanteon Capital Management LP Makes New $554,000 Investment in World Kinect Co. (NYSE:WKC)

Semanteon Capital Management LP purchased a new position in shares of World Kinect Co. (NYSE:WKC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,155 shares of the company’s stock, valued at approximately $554,000.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of World Kinect by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,370,124 shares of the company’s stock worth $42,358,000 after purchasing an additional 22,077 shares during the period. Algert Global LLC lifted its stake in shares of World Kinect by 88.0% during the 3rd quarter. Algert Global LLC now owns 138,560 shares of the company’s stock worth $4,283,000 after purchasing an additional 64,867 shares during the period. Quantbot Technologies LP raised its position in shares of World Kinect by 244.6% in the 3rd quarter. Quantbot Technologies LP now owns 86,746 shares of the company’s stock worth $2,681,000 after buying an additional 61,572 shares during the period. Hennessy Advisors Inc. purchased a new position in shares of World Kinect in the 4th quarter worth $50,707,000. Finally, Principal Financial Group Inc. raised its position in shares of World Kinect by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,341,484 shares of the company’s stock worth $41,465,000 after buying an additional 56,952 shares during the period. Hedge funds and other institutional investors own 97.06% of the company’s stock.

World Kinect Stock Down 1.4 %

Shares of NYSE WKC opened at $27.98 on Friday. World Kinect Co. has a 12-month low of $21.38 and a 12-month high of $31.71. The company has a market cap of $1.59 billion, a P/E ratio of 26.40, a P/E/G ratio of 0.89 and a beta of 1.16. 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 stock has a fifty day moving average price of $28.43 and a 200 day moving average price of $28.63.

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. World Kinect had a return on equity of 6.43% and a net margin of 0.16%. The firm had revenue of $9.76 billion during the quarter, compared to the consensus estimate of $10.57 billion. Research analysts anticipate that World Kinect Co. will post 2.56 EPS for the current fiscal year.

World Kinect Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 31st will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.68 annualized dividend and a yield of 2.43%. World Kinect’s dividend payout ratio is currently 64.15%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus cut 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $29.80.

Insider Activity at World Kinect

In other news, CEO Michael J. Kasbar sold 21,507 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 1,019,063 shares in the company, valued at $29,512,064.48. This trade represents a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is owned by insiders.

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.