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

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 500 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $27.50, for a total transaction of $13,750.00. Following the sale, the chairman owned 1,051,450 shares in the company, valued at approximately $28,914,875. This trade represents a 0.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

World Kinect Stock Performance

Shares of WKC stock opened at $26.87 on Friday. World Kinect Corporation has a 12 month low of $22.21 and a 12 month high of $29.85. The stock has a market cap of $1.38 billion, a PE ratio of -2.63, a price-to-earnings-growth ratio of 0.55 and a beta of 1.22. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.65. The company’s fifty day moving average price is $24.09 and its 200-day moving average price is $24.89.

World Kinect (NYSE:WKC) last announced its earnings results on Thursday, April 23rd. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.44. World Kinect had a negative net margin of 1.53% and a positive return on equity of 8.27%. The firm had revenue of $9.69 billion for the quarter, compared to analysts’ expectations of $9.29 billion. During the same quarter in the previous year, the business posted $0.48 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. On average, equities analysts expect that World Kinect Corporation will post 2.79 EPS for the current fiscal year.

World Kinect Dividend Announcement

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

World Kinect News Summary

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

• Positive Sentiment: Zacks upgraded WKC from “hold” to “strong-buy” and published several notes calling the stock a bargain with momentum and rising earnings estimates — a catalyst that can attract retail and momentum investors. Zacks Upgrade
• Positive Sentiment: Zacks featured WKC in articles highlighting it as a value/momentum pick (e.g., “Despite Fast-paced Momentum, World Kinect Is Still a Bargain” and “4 Value Stocks to Buy Now”), reinforcing a near-term bullish case. Despite Fast-paced Momentum
• Neutral Sentiment: Institutional positioning is active: several hedge funds and asset managers have modestly increased or established positions in WKC, which supports liquidity but does not guarantee direction.
• Negative Sentiment: Director Paul H. Stebbins sold 20,828 shares on May 5 at an average ~$27.69 (≈$576.7k), reducing his holding by ~33.9% — a large, disclosed sale that can be viewed negatively by the market. Stebbins Sale
• Negative Sentiment: Chairman Michael Kasbar disclosed multiple small-to-medium sales (10,000 shares on May 4 at ~$27.11 and 500 shares on May 5 at ~$27.50). While his remaining stake is still large, the sequence of sales can prompt short-term selling pressure. Kasbar SEC Filing
• Negative Sentiment: CAO Michael Kroll sold 2,100 shares on May 4 at ~$27.30, another insider liquidity event that adds to the perception of selling by insiders. Kroll Filing
• Negative Sentiment: Broker stance is mixed: Morgan Stanley nudged its price target slightly higher but kept an “underweight” rating — a cautious signal that can blunt enthusiasm from upgrades. Morgan Stanley Note

Institutional Investors Weigh In On World Kinect

Several hedge funds and other institutional investors have recently made changes to their positions in WKC. Clearstead Advisors LLC increased its holdings in World Kinect by 52.8% in the 3rd quarter. Clearstead Advisors LLC now owns 1,261 shares of the company’s stock worth $33,000 after acquiring an additional 436 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of World Kinect by 282.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,286 shares of the company’s stock valued at $33,000 after acquiring an additional 950 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in World Kinect during the 1st quarter valued at $37,000. Versant Capital Management Inc raised its holdings in World Kinect by 369.3% during the 3rd quarter. Versant Capital Management Inc now owns 2,112 shares of the company’s stock valued at $55,000 after buying an additional 1,662 shares during the period. Finally, Aquatic Capital Management LLC purchased a new stake in World Kinect in the third quarter worth $61,000. Hedge funds and other institutional investors own 97.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on WKC shares. Zacks Research upgraded shares of World Kinect from a “hold” rating to a “strong-buy” rating in a report on Monday. Morgan Stanley upped their price target 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, Wall Street Zen upgraded shares of World Kinect from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $29.50.

World Kinect Company Profile

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.