Northpointe Capital LLC lowered its stake in shares of World Fuel Services Corp. (NYSE:INT) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 83,056 shares of the company’s stock after selling 90 shares during the period. Northpointe Capital LLC’s holdings in World Fuel Services Corp. were worth $3,944,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in INT. Capital Fund Management S.A. purchased a new stake in shares of World Fuel Services Corp. during the second quarter valued at about $793,000. Lucus Advisors LLC purchased a new stake in shares of World Fuel Services Corp. during the second quarter valued at about $351,000. American Century Companies Inc. boosted its stake in shares of World Fuel Services Corp. by 132.1% in the second quarter. American Century Companies Inc. now owns 674,493 shares of the company’s stock valued at $32,032,000 after buying an additional 383,875 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of World Fuel Services Corp. during the second quarter valued at about $4,084,000. Finally, Sprucegrove Investment Management Ltd. boosted its stake in shares of World Fuel Services Corp. by 0.3% in the second quarter. Sprucegrove Investment Management Ltd. now owns 62,617 shares of the company’s stock valued at $2,974,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 88.41% of the company’s stock.
World Fuel Services Corp. (NYSE:INT) traded up 0.96% during trading on Tuesday, hitting $46.31. The stock had a trading volume of 270,496 shares. World Fuel Services Corp. has a 52 week low of $35.13 and a 52 week high of $51.01. The company has a market cap of $3.26 billion, a PE ratio of 17.26 and a beta of 1.18. The stock has a 50-day moving average price of $45.40 and a 200-day moving average price of $46.44.
World Fuel Services Corp. (NYSE:INT) last posted its earnings results on Wednesday, July 27th. The company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.07. The firm had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $6.28 billion. World Fuel Services Corp. had a net margin of 0.70% and a return on equity of 11.25%. The business’s quarterly revenue was down 21.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. Equities analysts predict that World Fuel Services Corp. will post $2.70 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Friday, September 23rd will be given a $0.06 dividend. 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 dividend payout ratio is currently 9.13%.
Several equities analysts have recently commented on the company. Zacks Investment Research raised World Fuel Services Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, September 28th. Stifel Nicolaus assumed coverage on World Fuel Services Corp. in a report on Tuesday, August 23rd. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $50.00.
In other news, 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 sale, the senior vice president now directly owns 7,094 shares of the company’s stock, valued at $320,719.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael J. Kasbar sold 25,950 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $46.38, for a total transaction of $1,203,561.00. Following the completion of the sale, the chief executive officer now owns 832,581 shares of the company’s stock, valued at approximately $38,615,106.78. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.
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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