Insider Selling: World Kinect (NYSE:WKC) Chairman Sells 10,000 Shares of Stock

Key Points

• Insider sale: Chairman Michael Kasbar sold 10,000 shares on May 4 at an average price of $27.11 for $271,100, trimming his stake by 0.94% while still holding about 1,051,950 shares.
• Fundamentals: World Kinect beat Q1 estimates with $0.75 EPS (vs. $0.31) and $9.69B revenue, issued FY2026 guidance of $2.65–$2.85 EPS, and pays a $0.20 quarterly dividend (≈3.0% yield).
• Market and analyst picture: WKC trades around $26.80 with a $1.38B market cap and mixed analyst views—upgrades from Zacks and Wall Street Zen, but an "underweight" from Morgan Stanley and a consensus price target of $29.50.

World Kinect Corporation (NYSE:WKC - Get Free Report) Chairman Michael Kasbar sold 10,000 shares of the firm's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $27.11, for a total transaction of $271,100.00. Following the completion of the transaction, the chairman owned 1,051,950 shares in the company, valued at $28,518,364.50. The trade was a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

World Kinect Stock Performance

NYSE WKC traded down $0.80 during midday trading on Wednesday, hitting $26.83. The company had a trading volume of 1,015,901 shares, compared to its average volume of 883,067. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -2.63, a P/E/G ratio of 0.55 and a beta of 1.22. The firm has a fifty day simple moving average of $24.02 and a two-hundred day simple moving average of $24.86. World Kinect Corporation has a fifty-two week low of $22.21 and a fifty-two week high of $29.85.

World Kinect (NYSE:WKC - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.44. The company had revenue of $9.69 billion for the quarter, compared to analyst estimates of $9.29 billion. World Kinect had a negative net margin of 1.53% and a positive return on equity of 8.27%. The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.48 EPS. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. Equities analysts forecast that World Kinect Corporation will post 2.83 earnings per share for the current fiscal year.

World Kinect Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Monday, March 30th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.0%. The ex-dividend date was Monday, March 30th. World Kinect's dividend payout ratio (DPR) is currently -7.84%.

Analyst Ratings Changes

Several analysts have recently weighed in on WKC shares. Morgan Stanley lifted their target price on shares of World Kinect from $25.00 to $26.00 and gave the company an "underweight" rating in a research report on Tuesday. Wall Street Zen upgraded shares of World Kinect from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Zacks Research upgraded shares of World Kinect from a "hold" rating to a "strong-buy" rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $29.50.

Key Stories Impacting World Kinect

Here are the key news stories impacting World Kinect this week:

• Positive Sentiment: Zacks Research upgraded WKC from "Hold" to "Strong Buy" and added the stock to its Zacks Rank #1 list — a buy-side signal that can attract momentum and retail interest. New Strong Buy Stocks for May 5th
• Positive Sentiment: Zacks published bullish pieces highlighting WKC as a bargain with momentum and noting rising earnings estimates — supporting near-term upside narrative around valuation and earnings revisions. Despite Fast-paced Momentum, World Kinect (WKC) Is Still a Bargain Stock
• Positive Sentiment: Zacks also flagged WKC in coverage about rising earnings estimates and as a value pick, reinforcing the view that recent analyst revisions could support higher shares over time. Can World Kinect (WKC) Run Higher on Rising Earnings Estimates?
• Neutral Sentiment: Morgan Stanley raised its price target from $25 to $26 but kept an "Underweight" rating — a modest PT lift but still signaling relative caution compared with the market. Morgan Stanley Note
• Negative Sentiment: Insider selling: Chairman Michael J. Kasbar sold 10,000 shares on May 4 at an average $27.11 and 500 shares on May 5 at $27.50 (filings show he still holds ~1.05M shares). These disclosed sales can weigh on sentiment, especially when clustered. Chairman SEC Filing
• Negative Sentiment: CAO Michael John Kroll sold 2,100 shares on May 4 at an average $27.30, reducing his stake ~16.8% — a larger percentage reduction that may draw investor attention. CAO SEC Filing
• Neutral Sentiment: Remember the company's recent quarterly beat and FY2026 EPS guidance (2.65–2.85) — a fundamental positive that underpins Zacks' favorable coverage but contrasts with the near-term technical and insider signals. Company Recent Results

Institutional Investors Weigh In On World Kinect

A number of institutional investors and hedge funds have recently modified their holdings of the business. Clearstead Advisors LLC grew its holdings in World Kinect by 52.8% during the third quarter. Clearstead Advisors LLC now owns 1,261 shares of the company's stock valued at $33,000 after purchasing an additional 436 shares during the period. Hantz Financial Services Inc. grew its holdings in World Kinect by 282.7% during the third quarter. Hantz Financial Services Inc. now owns 1,286 shares of the company's stock valued at $33,000 after purchasing an additional 950 shares during the period. Versant Capital Management Inc grew its holdings in World Kinect by 369.3% during the third quarter. Versant Capital Management Inc now owns 2,112 shares of the company's stock valued at $55,000 after purchasing an additional 1,662 shares during the period. Aquatic Capital Management LLC acquired a new position in World Kinect during the third quarter valued at approximately $61,000. Finally, Aster Capital Management DIFC Ltd grew its holdings in World Kinect by 977.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company's stock valued at $62,000 after purchasing an additional 2,386 shares during the period. 97.06% of the stock is owned by institutional investors.

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.

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