UBS Asset Management Americas Inc. boosted its position in World Fuel Services Corp. (NYSE:INT) by 18.5% during the second quarter, Holdings Channel reports. The institutional investor owned 101,521 shares of the company’s stock after buying an additional 15,864 shares during the period. UBS Asset Management Americas Inc. owned about 0.14% of World Fuel Services Corp. worth $4,822,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Weaver C. Barksdale & Associates Inc. boosted its stake in shares of World Fuel Services Corp. by 8.8% in the second quarter. Weaver C. Barksdale & Associates Inc. now owns 2,830 shares of the company’s stock worth $134,000 after buying an additional 228 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of World Fuel Services Corp. by 72.6% in the second quarter. LS Investment Advisors LLC now owns 4,226 shares of the company’s stock worth $201,000 after buying an additional 1,777 shares in the last quarter. Breton Hill Capital Ltd. purchased a new stake in shares of World Fuel Services Corp. during the second quarter worth approximately $204,000. Kalos Management Inc. purchased a new stake in shares of World Fuel Services Corp. during the second quarter worth approximately $207,000. Finally, World Asset Management Inc boosted its stake in shares of World Fuel Services Corp. by 2.1% in the second quarter. World Asset Management Inc now owns 5,784 shares of the company’s stock worth $275,000 after buying an additional 121 shares in the last quarter. 88.41% of the stock is owned by institutional investors.
World Fuel Services Corp. (NYSE:INT) traded up 0.11% during midday trading on Friday, reaching $46.35. The company’s stock had a trading volume of 239,824 shares. World Fuel Services Corp. has a 52 week low of $35.13 and a 52 week high of $51.01. The firm has a market capitalization of $3.27 billion, a P/E ratio of 17.28 and a beta of 1.23. The company’s 50-day moving average is $45.36 and its 200 day moving average is $46.49.
World Fuel Services Corp. (NYSE:INT) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.07. The company had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.28 billion. World Fuel Services Corp. had a return on equity of 11.25% and a net margin of 0.70%. The business’s quarterly revenue was down 21.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 earnings per share. Analysts expect that World Fuel Services Corp. will post $2.70 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Friday, September 23rd will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Wednesday, September 21st. World Fuel Services Corp.’s payout ratio is 9.13%.
Several brokerages have recently issued reports on INT. Zacks Investment Research raised World Fuel Services Corp. from a “sell” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus began coverage on World Fuel Services Corp. in a report on Tuesday, August 23rd. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $50.00.
In other World Fuel Services Corp. news, CEO Michael J. Kasbar sold 25,950 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $46.38, for a total transaction of $1,203,561.00. Following the transaction, the chief executive officer now owns 832,581 shares of the company’s stock, valued at $38,615,106.78. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Carlos M. Velazquez sold 599 shares of the firm’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $45.21, for a total value of $27,080.79. Following the transaction, the senior vice president now directly owns 7,094 shares in the company, valued at approximately $320,719.74. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.
About World Fuel Services Corp.
World Fuel Services Corporation is a fuel logistics, transaction management and payment processing company. The Company operates through three segments: aviation, marine and land. The aviation segment offers fuel and related services to commercial airlines second and third-tier airlines, cargo carriers, regional carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft and military fleets.
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