Cooke & Bieler LP Raises Position in World Fuel Services Corp (INT)

Cooke & Bieler LP boosted its stake in shares of World Fuel Services Corp (NYSE:INT) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,459,844 shares of the oil and gas company’s stock after buying an additional 58,528 shares during the period. World Fuel Services Corp makes up 1.7% of Cooke & Bieler LP’s holdings, making the stock its 24th largest position. Cooke & Bieler LP owned 3.53% of World Fuel Services Corp worth $89,169,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of INT. FMR LLC raised its stake in World Fuel Services Corp by 8.0% in the fourth quarter. FMR LLC now owns 8,681,673 shares of the oil and gas company’s stock valued at $398,576,000 after buying an additional 644,392 shares during the period. Janus Capital Management LLC raised its stake in World Fuel Services Corp by 7.2% in the fourth quarter. Janus Capital Management LLC now owns 2,633,824 shares of the oil and gas company’s stock valued at $120,919,000 after buying an additional 175,910 shares during the period. Boston Partners raised its stake in World Fuel Services Corp by 25.1% in the first quarter. Boston Partners now owns 2,343,605 shares of the oil and gas company’s stock valued at $84,955,000 after buying an additional 470,306 shares during the period. Dimensional Fund Advisors LP raised its stake in World Fuel Services Corp by 10.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,255,848 shares of the oil and gas company’s stock valued at $57,656,000 after buying an additional 123,505 shares during the period. Finally, AQR Capital Management LLC raised its stake in World Fuel Services Corp by 22.8% in the fourth quarter. AQR Capital Management LLC now owns 985,612 shares of the oil and gas company’s stock valued at $45,250,000 after buying an additional 182,966 shares during the period. 89.83% of the stock is currently owned by institutional investors.

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

World Fuel Services Corp (NYSE:INT) traded up 0.27% during mid-day trading on Friday, reaching $37.26. The company’s stock had a trading volume of 816,931 shares. The company has a market capitalization of $2.57 billion, a PE ratio of 24.55 and a beta of 1.09. The firm has a 50 day moving average price of $36.80 and a 200-day moving average price of $40.74. World Fuel Services Corp has a 1-year low of $34.79 and a 1-year high of $49.38.

World Fuel Services Corp (NYSE:INT) last issued its quarterly earnings results on Thursday, April 27th. The oil and gas company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.07. World Fuel Services Corp had a net margin of 0.68% and a return on equity of 10.92%. The firm had revenue of $8.19 billion for the quarter, compared to analyst estimates of $7.83 billion. During the same quarter last year, the business posted $0.77 earnings per share. The firm’s revenue for the quarter was up 57.9% compared to the same quarter last year. On average, equities analysts predict that World Fuel Services Corp will post $2.60 EPS for the current fiscal year.

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Several analysts have weighed in on INT shares. Zacks Investment Research raised World Fuel Services Corp from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. TheStreet lowered World Fuel Services Corp from a “b” rating to a “c” rating in a report on Friday, May 5th.

In other news, SVP Carlos M. Velazquez sold 1,286 shares of World Fuel Services Corp stock in a transaction on Friday, May 12th. The stock was sold at an average price of $37.65, for a total transaction of $48,417.90. Following the transaction, the senior vice president now directly owns 20,432 shares in the company, valued at approximately $769,264.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard A. Kassar sold 2,500 shares of World Fuel Services Corp stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $36.96, for a total value of $92,400.00. Following the transaction, the director now owns 32,662 shares in the company, valued at $1,207,187.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,335 shares of company stock worth $788,467. 2.30% of the stock is owned by insiders.

World Fuel Services Corp Company Profile

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.

12 Month Chart for NYSE:INT

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