Amalgamated Bank lessened its holdings in World Fuel Services Co. (NYSE:INT – Get Rating) by 4.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,243 shares of the oil and gas company's stock after selling 1,447 shares during the period. Amalgamated Bank's holdings in World Fuel Services were worth $764,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC purchased a new position in World Fuel Services in the first quarter valued at approximately $35,000. Lazard Asset Management LLC lifted its stake in World Fuel Services by 1,515.1% in the first quarter. Lazard Asset Management LLC now owns 2,358 shares of the oil and gas company's stock valued at $63,000 after purchasing an additional 2,212 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in World Fuel Services by 125.6% in the first quarter. PNC Financial Services Group Inc. now owns 5,155 shares of the oil and gas company's stock valued at $140,000 after purchasing an additional 2,870 shares during the last quarter. Investors Research Corp lifted its stake in World Fuel Services by 17.0% in the first quarter. Investors Research Corp now owns 8,250 shares of the oil and gas company's stock valued at $223,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Meritage Portfolio Management purchased a new position in World Fuel Services in the first quarter valued at approximately $230,000. Hedge funds and other institutional investors own 90.39% of the company's stock.
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World Fuel Services Price Performance
World Fuel Services stock opened at $23.44 on Friday. World Fuel Services Co. has a 12 month low of $19.29 and a 12 month high of $34.16. The company has a current ratio of 1.16, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53. The business's 50 day simple moving average is $25.79 and its 200 day simple moving average is $24.87. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 2.44 and a beta of 1.30.
World Fuel Services (NYSE:INT – Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The oil and gas company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.29 by $0.12. The business had revenue of $17.12 billion for the quarter, compared to the consensus estimate of $10.82 billion. World Fuel Services had a return on equity of 4.82% and a net
margin of 0.18%. During the same quarter in the prior year, the business earned $0.39 earnings per share. Sell-side analysts forecast that World Fuel Services Co. will post 2.03 EPS for the current year.
World Fuel Services Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 23rd will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, September 22nd. This represents a $0.56 annualized dividend and a dividend yield of 2.39%. This is an increase from World Fuel Services's previous quarterly dividend of $0.12. World Fuel Services's dividend payout ratio is currently 40.29%.
About World Fuel Services
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World Fuel Services Corporation engages in the distribution of fuel and related products and services in the aviation, marine and land transportation industries worldwide. Its Aviation segment supplies fuel and related products and services to commercial airlines, second and third tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft, the U.S., foreign governments, intergovernmental organizations, and military customers.
Further Reading
- Get a free copy of the StockNews.com research report on World Fuel Services (INT)
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