World Kinect Co. (NYSE:WKC) Shares Purchased by Dean Investment Associates LLC

Dean Investment Associates LLC grew its holdings in shares of World Kinect Co. (NYSE:WKC - Free Report) by 40.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 146,032 shares of the company's stock after purchasing an additional 41,926 shares during the period. Dean Investment Associates LLC owned approximately 0.25% of World Kinect worth $4,017,000 as of its most recent filing with the Securities and Exchange Commission.Initiated Dividends At World Fuel Services, Are They Sustainable?Other hedge funds and other institutional investors have also made changes to their positions in the company. HHM Wealth Advisors LLC purchased a new stake in World Kinect during the fourth quarter valued at about $25,000. Wilmington Savings Fund Society FSB acquired a new stake in World Kinect during the 3rd quarter valued at $31,000. Headlands Technologies LLC purchased a new stake in shares of World Kinect in the fourth quarter valued at $48,000. Centricity Wealth Management LLC acquired a new stake in shares of World Kinect in the fourth quarter worth $74,000. Finally, New Age Alpha Advisors LLC purchased a new position in shares of World Kinect during the fourth quarter valued at $98,000. 97.06% of the stock is currently owned by institutional investors. World Kinect Stock PerformanceShares of WKC stock opened at $23.54 on Thursday. The firm has a market cap of $1.34 billion, a P/E ratio of 22.21, a PEG ratio of 0.89 and a beta of 1.19. 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 Co. has a fifty-two week low of $21.38 and a fifty-two week high of $31.71. The stock's 50-day moving average is $27.50 and its two-hundred day moving average is $28.16. World Kinect (NYSE:WKC - Get Free Report) last released its quarterly earnings data 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 net margin of 0.16% and a return on equity of 6.43%. The business had revenue of $9.76 billion during the quarter, compared to analyst estimates of $10.57 billion. Analysts predict that World Kinect Co. will post 2.56 earnings per share for the current fiscal year. World Kinect Dividend AnnouncementThe business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Monday, March 31st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Monday, March 31st. World Kinect's dividend payout ratio is 64.15%. Insiders Place Their BetsIn other World Kinect news, CEO Michael J. Kasbar sold 21,507 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $28.96, for a total value of $622,842.72. Following the transaction, the chief executive officer now directly owns 1,019,063 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Corporate insiders own 2.90% of the company's stock. Analyst Upgrades and DowngradesSeparately, Stifel Nicolaus decreased their price objective on World Kinect from $32.00 to $30.00 and set a "hold" rating for the company in a research report on Friday, February 21st.Get Our Latest Stock Analysis on World KinectWorld Kinect Company Profile (Free Report)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.Featured StoriesFive stocks we like better than World KinectStocks with Unusual Volume: How to Find Unusual Volume Stocks in Real TimeMorgan Stanley: 3 Financial Stocks That Will Thrive in VolatilityStock Splits, Do They Really Impact Investors?Spotify Stock Climbs as Its Growth Strategy Diversifies The Most Important Warren Buffett Stock for Investors: His OwnViking Therapeutics Stock Pops But Struggles to Hold GainsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in World Kinect Right Now?Before you consider World Kinect, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and World Kinect wasn't on the list.While World Kinect currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here