The Dimensional Fund Advisors LP decides to keep it stake in World Fuel Services Corp. (INT) to the level of $51,350,000

The Dimensional Fund Advisors LP decides to keep it stake in World Fuel Services Corp. (INT) to the level of $51,350,000

Dimensional Fund Advisors LP raised its stake in World Fuel Services Corp. (NYSE:INT) by 14.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,081,379 shares of the company’s stock after buying an additional 137,727 shares during the period. Dimensional Fund Advisors LP owned 1.54% of World Fuel Services Corp. worth $51,350,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp boosted its position in World Fuel Services Corp. by 3.7% in the first quarter. State Street Corp now owns 2,332,933 shares of the company’s stock worth $113,325,000 after buying an additional 83,624 shares during the period. Wellington Management Group LLP boosted its position in World Fuel Services Corp. by 1.8% in the first quarter. Wellington Management Group LLP now owns 1,627,957 shares of the company’s stock worth $79,086,000 after buying an additional 28,238 shares during the period. Bank of New York Mellon Corp boosted its position in World Fuel Services Corp. by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 1,377,586 shares of the company’s stock worth $65,422,000 after buying an additional 48,206 shares during the period. PNC Financial Services Group Inc. boosted its position in World Fuel Services Corp. by 20.1% in the second quarter. PNC Financial Services Group Inc. now owns 725,652 shares of the company’s stock worth $34,461,000 after buying an additional 121,428 shares during the period. Finally, First Trust Advisors LP boosted its position in World Fuel Services Corp. by 8.5% in the second quarter. First Trust Advisors LP now owns 690,455 shares of the company’s stock worth $32,790,000 after buying an additional 53,961 shares during the period. Institutional investors and hedge funds own 88.41% of the company’s stock.

Shares of World Fuel Services Corp. (NYSE:INT) traded down 1.20% during mid-day trading on Friday, reaching $46.14. 160,182 shares of the company’s stock were exchanged. World Fuel Services Corp. has a 1-year low of $35.13 and a 1-year high of $51.01. The stock has a market capitalization of $3.25 billion, a PE ratio of 17.20 and a beta of 1.18. The company’s 50 day moving average is $45.53 and its 200 day moving average is $46.41.

World Fuel Services Corp. (NYSE:INT) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.07. World Fuel Services Corp. had a net margin of 0.70% and a return on equity of 11.25%. The business had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the business posted $0.53 EPS. World Fuel Services Corp.’s revenue for the quarter was down 21.9% compared to the same quarter last year. Equities research analysts anticipate that World Fuel Services Corp. will post $2.70 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Friday, September 23rd will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, September 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.52%. World Fuel Services Corp.’s payout ratio is 9.13%.

A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of World Fuel Services Corp. from a “hold” rating to a “strong-buy” rating and set a $55.00 target price on the stock in a research note on Tuesday, July 5th. Stifel Nicolaus assumed coverage on shares of World Fuel Services Corp. in a research note on Tuesday, August 23rd. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. World Fuel Services Corp. currently has a consensus rating of “Hold” and a consensus price target of $50.00.

In other World Fuel Services Corp. news, SVP Carlos M. Velazquez sold 599 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $45.21, for a total transaction of $27,080.79. Following the transaction, the senior vice president now owns 7,094 shares in the company, valued at approximately $320,719.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael J. Kasbar sold 25,950 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 832,581 shares in the company, valued at approximately $38,615,106.78. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

World Fuel Services Corp. Company Profile

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