Fort Washington Investment Advisors Inc. OH Sells 1,076,548 Shares of World Fuel Services Corp (INT)

Fort Washington Investment Advisors Inc. OH decreased its position in shares of World Fuel Services Corp (NYSE:INT) by 99.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 6,802 shares of the oil and gas company’s stock after selling 1,076,548 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in World Fuel Services Corp were worth $247,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. World Asset Management Inc boosted its position in shares of World Fuel Services Corp by 0.4% in the first quarter. World Asset Management Inc now owns 6,793 shares of the oil and gas company’s stock worth $246,000 after buying an additional 25 shares during the period. Mason Street Advisors LLC boosted its position in shares of World Fuel Services Corp by 0.5% in the first quarter. Mason Street Advisors LLC now owns 33,037 shares of the oil and gas company’s stock worth $1,198,000 after buying an additional 151 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of World Fuel Services Corp by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 17,700 shares of the oil and gas company’s stock worth $642,000 after buying an additional 300 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of World Fuel Services Corp by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 24,895 shares of the oil and gas company’s stock worth $902,000 after buying an additional 300 shares during the period. Finally, Capstone Asset Management Co. boosted its position in shares of World Fuel Services Corp by 4.5% in the first quarter. Capstone Asset Management Co. now owns 12,439 shares of the oil and gas company’s stock worth $451,000 after buying an additional 540 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

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

World Fuel Services Corp (NYSE:INT) traded down 0.77% during mid-day trading on Friday, hitting $35.93. The company had a trading volume of 548,265 shares. World Fuel Services Corp has a 1-year low of $34.79 and a 1-year high of $49.38. The stock has a market capitalization of $2.48 billion, a PE ratio of 23.67 and a beta of 1.09. The stock has a 50 day moving average price of $36.86 and a 200-day moving average price of $40.64.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, July 7th. Shareholders of record on Friday, June 9th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.24 dividend on an annualized basis and a yield of 0.67%. World Fuel Services Corp’s dividend payout ratio is currently 9.49%.

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A number of brokerages have recently issued reports on INT. TheStreet cut World Fuel Services Corp from a “b” rating to a “c” rating in a research note on Friday, May 5th. Zacks Investment Research raised World Fuel Services Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th.

In other World Fuel Services Corp news, Director Ken Bakshi sold 3,049 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $38.05, for a total value of $116,014.45. Following the transaction, the director now directly owns 35,726 shares in the company, valued at approximately $1,359,374.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Myles Klein sold 13,000 shares of the company’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $36.53, for a total transaction of $474,890.00. The disclosure for this sale can be found here. Insiders sold a total of 21,335 shares of company stock worth $788,467 over the last 90 days. Insiders own 2.30% of the company’s stock.

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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