Key Points
- World Kinect Chairman Michael Kasbar sold 10,000 shares on May 4 at an average price of $27.11 for $271,100, leaving him with 1,051,950 shares (a 0.94% reduction in his position).
- Company financials showed strength: Q1 EPS of $0.75 beat estimates ($0.31) with revenue of $9.69 billion, FY2026 EPS guidance set at $2.65–$2.85, and a quarterly dividend of $0.20 (approximately a 3.0% yield).
- Mixed sentiment despite heavy institutional ownership: Analysts are divided (Zacks upgraded to strong-buy while Morgan Stanley remains underweight), other insiders have sold shares, and roughly 97% of stock is held by institutional investors, which could amplify swings in sentiment.
World Kinect Corporation (NYSE:WKC - Get Free Report) Chairman Michael Kasbar sold 500 shares of the company's stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $27.50, for a total value of $13,750.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
World Kinect Stock Down 2.9%
Shares of WKC opened at $26.83 on Thursday. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -2.63, a price-to-earnings-growth ratio of 0.56 and a beta of 1.22. World Kinect Corporation has a 1 year low of $22.21 and a 1 year high of $29.85. The business's 50 day simple moving average is $24.06 and its 200-day simple moving average is $24.88. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 0.87.
World Kinect (NYSE:WKC - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $9.69 billion for the quarter, compared to analysts' expectations of $9.29 billion. World Kinect had a positive return on equity of 8.27% and a negative net margin of 1.53%.The company's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. As a group, equities analysts expect that World Kinect Corporation will post 2.83 earnings per share for the current fiscal year.
World Kinect Dividend Announcement
The company also recently disclosed 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 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, March 30th. World Kinect's dividend payout ratio is -7.84%.
Hedge Funds Weigh In On World Kinect
A number of hedge funds and other institutional investors have recently made changes to their positions in WKC. Royal Bank of Canada grew its position in shares of World Kinect by 2.2% during the 1st quarter. Royal Bank of Canada now owns 68,228 shares of the company's stock worth $1,934,000 after buying an additional 1,481 shares in the last quarter. AQR Capital Management LLC grew its position in shares of World Kinect by 16.5% during the 1st quarter. AQR Capital Management LLC now owns 119,198 shares of the company's stock worth $3,380,000 after buying an additional 16,874 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of World Kinect by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,972 shares of the company's stock worth $963,000 after buying an additional 1,497 shares in the last quarter. Millennium Management LLC grew its position in shares of World Kinect by 3.3% during the 1st quarter. Millennium Management LLC now owns 525,697 shares of the company's stock worth $14,909,000 after buying an additional 16,738 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of World Kinect by 18.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,791 shares of the company's stock worth $6,262,000 after buying an additional 34,807 shares in the last quarter. Institutional investors own 97.06% of the company's stock.
Trending Headlines about 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 several Zacks pieces highlighted the stock's momentum and value characteristics, which can attract buyers and support the share price. Zacks Upgrade
- Positive Sentiment: Zacks published an article calling World Kinect a "bargain" with fast-paced momentum, signaling positive sentiment from retail and momentum-focused investors. Despite Fast-paced Momentum
- Positive Sentiment: Another Zacks note lists WKC among low P/CF value picks benefiting from earnings-driven market lift, which supports the investment case for value-oriented buyers. 4 Value Stocks to Buy Now
- Positive Sentiment: Zacks commentary also notes rising earnings estimates for WKC, reinforcing a near-term bullish case tied to improving fundamentals. Can WKC Run Higher?
- Negative Sentiment: Insider selling: Chairman Michael Kasbar disclosed sales (10,000 shares on May 4 at ~$27.11 and 500 shares on May 5 at ~$27.50) and CAO Michael Kroll sold 2,100 shares on May 4 — transactions that can be interpreted negatively by the market as a sign of insider liquidity-taking. Insider Filing
- Negative Sentiment: Morgan Stanley raised its price target slightly (from $25 to $26) but kept an "underweight" rating, a cautious broker stance that may weigh on sentiment despite the higher target. Morgan Stanley Note
Wall Street Analyst Weigh In
Several analysts recently weighed in on WKC shares. Zacks Research upgraded World Kinect from a "hold" rating to a "strong-buy" rating in a report on Monday. Wall Street Zen upgraded World Kinect from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Finally, Morgan Stanley increased their price target on World Kinect from $25.00 to $26.00 and gave the company an "underweight" rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, World Kinect has an average rating of "Hold" and an average price target of $29.50.
Check Out Our Latest Research Report on WKC
About World Kinect
(
Get Free Report)
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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