LSV Asset Management Has $45.17 Million Stake in World Kinect Corporation $WKC

LSV Asset Management increased its position in World Kinect Corporation (NYSE:WKC) by 6.3% in the 3rd quarter, Holdings Channel reports. The firm owned 1,740,728 shares of the company’s stock after buying an additional 103,489 shares during the quarter. LSV Asset Management’s holdings in World Kinect were worth $45,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. First Horizon Advisors Inc. raised its stake in shares of World Kinect by 188.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 998 shares of the company’s stock valued at $28,000 after buying an additional 652 shares in the last quarter. Hantz Financial Services Inc. increased its stake in World Kinect by 282.7% in the third quarter. Hantz Financial Services Inc. now owns 1,286 shares of the company’s stock valued at $33,000 after acquiring an additional 950 shares during the period. Versant Capital Management Inc raised its position in World Kinect by 369.3% in the third quarter. Versant Capital Management Inc now owns 2,112 shares of the company’s stock worth $55,000 after purchasing an additional 1,662 shares in the last quarter. Raymond James Financial Inc. bought a new position in World Kinect during the second quarter worth about $96,000. Finally, Parkside Financial Bank & Trust lifted its stake in World Kinect by 14.5% during the second quarter. Parkside Financial Bank & Trust now owns 3,976 shares of the company’s stock worth $113,000 after purchasing an additional 503 shares during the period. Institutional investors own 97.06% of the company’s stock.

World Kinect Stock Performance

NYSE WKC opened at $26.77 on Friday. World Kinect Corporation has a 1-year low of $22.70 and a 1-year high of $31.54. The company has a 50 day moving average of $25.62 and a 200-day moving average of $25.57. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -3.46, a PEG ratio of 1.19 and a beta of 1.13.

World Kinect Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Monday, December 15th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, December 15th. World Kinect’s dividend payout ratio (DPR) is currently -10.34%.

Analyst Ratings Changes

Several research firms have recently weighed in on WKC. Zacks Research upgraded World Kinect from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of World Kinect in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, World Kinect has a consensus rating of “Reduce” and an average target price of $28.75.

World Kinect Company Profile

World Kinect Energy Services, Inc (NYSE: WKC) is a global energy services company specializing in fuel procurement, supply chain management and risk mitigation solutions. The company offers an integrated platform that facilitates the sourcing, trading and logistics of refined fuels, natural gas, liquefied natural gas (LNG) and renewable energy products. Its services are designed to help industrial, commercial and institutional clients optimize energy costs, comply with environmental regulations and manage price volatility.

In addition to traditional commodity trading and delivery, World Kinect provides a suite of value-added services that include carbon offset and decarbonization strategies, energy efficiency consulting and emissions reporting.