World Kinect (NYSE:WKC) Price Target Lowered to $30.00 at Stifel Nicolaus

World Kinect (NYSE:WKC) had its price target decreased by Stifel Nicolaus from $32.00 to $30.00 in a report released on Friday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

World Kinect Price Performance

Shares of World Kinect stock opened at $30.72 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.16 and a quick ratio of 0.99. World Kinect has a one year low of $21.38 and a one year high of $31.70. The business’s 50 day simple moving average is $27.89 and its two-hundred day simple moving average is $28.46. The stock has a market capitalization of $1.78 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 0.88 and a beta of 1.27.

World Kinect (NYSE:WKC) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.05. World Kinect had a return on equity of 6.29% and a net margin of 0.30%. The firm had revenue of $9.76 billion during the quarter, compared to the consensus estimate of $10.57 billion. Analysts forecast that World Kinect will post 2.08 EPS for the current year.

World Kinect Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 23rd were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $0.68 annualized dividend and a yield of 2.21%. World Kinect’s payout ratio is currently 30.22%.

Institutional Trading of World Kinect

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. QRG Capital Management Inc. lifted its position in World Kinect by 3.7% in the fourth quarter. QRG Capital Management Inc. now owns 14,543 shares of the company’s stock valued at $400,000 after purchasing an additional 517 shares during the last quarter. Highland Capital Management LLC raised its holdings in shares of World Kinect by 6.7% during the fourth quarter. Highland Capital Management LLC now owns 8,728 shares of the company’s stock valued at $240,000 after acquiring an additional 547 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of World Kinect by 2.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,475 shares of the company’s stock valued at $893,000 after acquiring an additional 707 shares in the last quarter. Vident Advisory LLC raised its holdings in shares of World Kinect by 4.4% during the fourth quarter. Vident Advisory LLC now owns 17,831 shares of the company’s stock valued at $491,000 after acquiring an additional 748 shares in the last quarter. Finally, HHM Wealth Advisors LLC bought a new position in shares of World Kinect during the fourth quarter valued at approximately $25,000. Institutional investors own 97.06% of the company’s stock.

About World Kinect

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.