World Kinect Co. (NYSE:WKC) Stock Holdings Decreased by Hara Capital LLC

Hara Capital LLC lowered its stake in World Kinect Co. (NYSE:WKC) by 22.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,908 shares of the company’s stock after selling 550 shares during the period. Hara Capital LLC’s holdings in World Kinect were worth $52,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. HHM Wealth Advisors LLC bought a new stake in shares of World Kinect in the 4th quarter worth about $25,000. Wilmington Savings Fund Society FSB bought a new stake in shares of World Kinect in the 3rd quarter worth about $31,000. Quarry LP increased its position in shares of 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 during the last quarter. KBC Group NV grew its position in shares of World Kinect by 60.2% during the 4th quarter. KBC Group NV now owns 3,597 shares of the company’s stock valued at $99,000 after buying an additional 1,351 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of World Kinect during the 3rd quarter valued at about $201,000. Institutional investors own 97.06% of the company’s stock.

World Kinect Price Performance

Shares of NYSE:WKC opened at $27.32 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 0.39. World Kinect Co. has a fifty-two week low of $21.38 and a fifty-two week high of $31.70. The firm has a 50-day simple moving average of $27.90 and a 200 day simple moving average of $28.43. The company has a market cap of $1.59 billion, a PE ratio of 12.14, a P/E/G ratio of 0.92 and a beta of 1.27.

World Kinect Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Monday, December 23rd. World Kinect’s payout ratio is 30.22%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus downgraded shares of World Kinect from a “buy” rating to a “hold” rating and lowered their price objective for the company from $33.00 to $32.00 in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given 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 $30.20.

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.