Nordea Investment Management AB cut its holdings in shares of World Fuel Services Co. (NYSE:INT – Get Rating) by 4.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 162,437 shares of the oil and gas company’s stock after selling 6,963 shares during the quarter. Nordea Investment Management AB owned 0.26% of World Fuel Services worth $4,412,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of INT. Arizona State Retirement System lifted its holdings in shares of World Fuel Services by 2.0% during the 4th quarter. Arizona State Retirement System now owns 17,471 shares of the oil and gas company’s stock valued at $477,000 after buying an additional 347 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in World Fuel Services by 1.1% in the 4th quarter. SummerHaven Investment Management LLC now owns 36,385 shares of the oil and gas company’s stock worth $994,000 after purchasing an additional 401 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in World Fuel Services by 0.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 44,844 shares of the oil and gas company’s stock worth $918,000 after purchasing an additional 413 shares during the last quarter. Captrust Financial Advisors increased its position in World Fuel Services by 18.3% in the 2nd quarter. Captrust Financial Advisors now owns 2,708 shares of the oil and gas company’s stock worth $56,000 after buying an additional 419 shares during the period. Finally, Bank of Montreal Can increased its position in World Fuel Services by 1.5% in the 4th quarter. Bank of Montreal Can now owns 34,182 shares of the oil and gas company’s stock worth $936,000 after buying an additional 490 shares during the period. 90.79% of the stock is currently owned by institutional investors and hedge funds.
World Fuel Services Stock Performance
Shares of NYSE INT opened at $23.37 on Thursday. The stock has a 50 day moving average price of $24.90 and a 200 day moving average price of $26.77. World Fuel Services Co. has a 52 week low of $19.29 and a 52 week high of $30.65. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.96 and a current ratio of 1.11. The stock has a market capitalization of $1.45 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 2.15 and a beta of 1.26.
World Fuel Services Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 21st. Investors of record on Thursday, April 6th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a $0.56 annualized dividend and a yield of 2.40%. World Fuel Services’s payout ratio is currently 31.82%.
Analysts Set New Price Targets
A number of analysts have weighed in on the company. StockNews.com began coverage on World Fuel Services in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. TheStreet raised World Fuel Services from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th.
World Fuel Services Company Profile
World Fuel Services Corp. engages in the distribution of fuel and related products and services in the aviation, marine, and land transportation industries. It operates through the following segments: Aviation, Land, and Marine. The Aviation segment supply fuel and service solutions to commercial airlines, second and third-tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, and private aircraft.
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