Aperio Group LLC Has $2.20 Million Position in World Fuel Services Corporation (INT)

Aperio Group LLC lowered its position in shares of World Fuel Services Corporation (NYSE:INT) by 31.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,823 shares of the oil and gas company’s stock after selling 30,292 shares during the quarter. Aperio Group LLC owned about 0.09% of World Fuel Services Corporation worth $2,198,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Acrospire Investment Management LLC boosted its position in World Fuel Services Corporation by 130.8% during the second quarter. Acrospire Investment Management LLC now owns 3,000 shares of the oil and gas company’s stock valued at $115,000 after acquiring an additional 1,700 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in World Fuel Services Corporation by 17.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 3,640 shares of the oil and gas company’s stock valued at $132,000 after acquiring an additional 530 shares during the last quarter. Victory Capital Management Inc. boosted its position in World Fuel Services Corporation by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,789 shares of the oil and gas company’s stock valued at $146,000 after acquiring an additional 567 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in World Fuel Services Corporation during the second quarter valued at $195,000. Finally, Shelton Capital Management bought a new stake in World Fuel Services Corporation during the second quarter valued at $205,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

World Fuel Services Corporation (NYSE:INT) opened at $26.75 on Tuesday. World Fuel Services Corporation has a fifty-two week low of $26.05 and a fifty-two week high of $47.49. The firm has a market cap of $1,812.86, a PE ratio of 16.97, a PEG ratio of 2.39 and a beta of 0.90. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.58.

World Fuel Services Corporation (NYSE:INT) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. World Fuel Services Corporation had a net margin of 0.08% and a return on equity of 5.54%. The firm had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.19 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. sell-side analysts forecast that World Fuel Services Corporation will post 2.24 EPS for the current fiscal year.

World Fuel Services Corporation declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, October 4th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the oil and gas company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 6th. Stockholders of record on Monday, October 16th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, October 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.90%. World Fuel Services Corporation’s dividend payout ratio is currently 68.57%.

A number of analysts have commented on INT shares. BidaskClub cut shares of World Fuel Services Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut shares of World Fuel Services Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Bank of America Corporation cut shares of World Fuel Services Corporation from a “neutral” rating to an “underperform” rating and cut their price target for the company from $41.00 to $36.00 in a research report on Tuesday, September 26th.

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About World Fuel Services Corporation

World Fuel Services Corporation is engaged in providing aviation, marine and land energy, logistics and technology solutions to customers and suppliers around the world. The Company operates through three segments: Aviation, Marine and Land. In its Aviation segment, the Company offers fuel and related products and services.

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Institutional Ownership by Quarter for World Fuel Services Corporation (NYSE:INT)

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