Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Position in World Kinect Corporation $WKC

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in World Kinect Corporation (NYSE:WKC) by 42.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 156,011 shares of the company’s stock after acquiring an additional 46,390 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in World Kinect were worth $4,048,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of WKC. Prudential Financial Inc. grew its position in shares of World Kinect by 7.9% during the 2nd quarter. Prudential Financial Inc. now owns 313,239 shares of the company’s stock valued at $8,880,000 after buying an additional 22,865 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of World Kinect during the second quarter valued at $216,000. Y Intercept Hong Kong Ltd bought a new stake in shares of World Kinect during the 2nd quarter worth about $3,615,000. Nordea Investment Management AB raised its holdings in World Kinect by 1.5% during the second quarter. Nordea Investment Management AB now owns 145,513 shares of the company’s stock worth $4,103,000 after purchasing an additional 2,180 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in World Kinect by 68.7% during the second quarter. Squarepoint Ops LLC now owns 242,093 shares of the company’s stock valued at $6,863,000 after buying an additional 98,607 shares in the last quarter. Institutional investors own 97.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on WKC shares. Zacks Research raised World Kinect from a “strong sell” rating to a “hold” rating in a report on Monday. Weiss Ratings restated a “sell (d)” rating on shares of World Kinect in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $28.75.

World Kinect Stock Performance

Shares of NYSE:WKC opened at $26.02 on Wednesday. World Kinect Corporation has a twelve month low of $22.70 and a twelve month high of $31.54. The firm has a market cap of $1.45 billion, a PE ratio of -3.36, a price-to-earnings-growth ratio of 1.18 and a beta of 1.13. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 1.15. The business has a fifty day moving average of $24.74 and a 200-day moving average of $25.66.

World Kinect Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Monday, December 15th were given a dividend of $0.20 per share. The ex-dividend date was Monday, December 15th. This represents a $0.80 annualized dividend and a dividend yield of 3.1%. World Kinect’s payout ratio is presently -10.34%.

About World Kinect

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.