Michael Kasbar Sells 500 Shares of World Kinect (NYSE:WKC) Stock

Key Points

• Chairman Michael Kasbar sold 500 shares of World Kinect on May 5 at an average price of $27.50 for $13,750, leaving him with about 1,051,450 shares (a 0.05% reduction in his position).
• World Kinect reported a quarterly EPS beat ( $0.75 vs. $0.31 expected) and revenue of $9.69 billion, and set FY2026 guidance of 2.65–2.85 EPS (analysts project ~2.83 EPS).
• Market signals are mixed: clustered insider selling (including the chairman and the CAO) may weigh on sentiment, even as Zacks upgraded the stock and large hedge funds increased stakes; the stock traded near $26.83 and yields about 3.0% annually.

World Kinect Corporation (NYSE:WKC - Get Free Report) Chairman Michael Kasbar sold 500 shares of World Kinect stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $27.50, for a total transaction of $13,750.00. Following the completion of the sale, the chairman directly owned 1,051,450 shares in the company, valued at $28,914,875. This trade represents a 0.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

World Kinect Stock Performance

World Kinect stock traded down $0.80 during trading on Wednesday, hitting $26.83. The stock had a trading volume of 1,015,901 shares, compared to its average volume of 883,067. The stock's 50 day moving average is $24.02 and its two-hundred day moving average is $24.86. World Kinect Corporation has a 1 year low of $22.21 and a 1 year high of $29.85. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -2.63, a price-to-earnings-growth ratio of 0.55 and a beta of 1.22. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.65.

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

World Kinect Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Monday, March 30th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, March 30th. This represents a $0.80 annualized dividend and a dividend yield of 3.0%. World Kinect's dividend payout ratio is presently -7.84%.

World Kinect News Summary

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

Hedge Funds Weigh In On World Kinect

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in World Kinect by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 6,713,507 shares of the company's stock worth $157,297,000 after purchasing an additional 62,111 shares during the period. Brandes Investment Partners LP increased its position in shares of World Kinect by 30.9% during the fourth quarter. Brandes Investment Partners LP now owns 3,845,750 shares of the company's stock valued at $90,106,000 after buying an additional 907,490 shares during the period. Invesco Ltd. lifted its holdings in shares of World Kinect by 9.5% in the third quarter. Invesco Ltd. now owns 2,450,762 shares of the company's stock worth $63,597,000 after buying an additional 213,145 shares in the last quarter. LSV Asset Management lifted its holdings in shares of World Kinect by 11.4% in the fourth quarter. LSV Asset Management now owns 1,938,804 shares of the company's stock worth $45,426,000 after buying an additional 198,076 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of World Kinect by 373.8% in the third quarter. Millennium Management LLC now owns 1,602,996 shares of the company's stock valued at $41,598,000 after acquiring an additional 1,264,684 shares during the period. 97.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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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