Los Angeles Capital Management LLC Takes New Position in World Fuel Services Co. (NYSE:INT)
Los Angeles Capital Management LLC acquired a new stake in World Fuel Services Co. (NYSE: INT – Get Rating) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 21,052 shares of the oil and gas company, valued at around $569,000.
A number of other large investors have also recently changed their positions in INT. Maryland State Retirement & Pension System increased its stake in World Fuel Services shares by 1.6% in the first quarter. Maryland State Retirement & Pension System now owns 25,552 shares of the oil and gas company worth $691,000 after buying 402 more shares in the last quarter. Nisa Investment Advisors LLC raised its position in World Fuel Services by 0.7% in the first quarter. Nisa Investment Advisors LLC now owns 69,600 shares of the oil and gas company worth $1,882,000 after purchasing an additional 460 shares during the period. Mutual of America Capital Management LLC increased its position in World Fuel Services shares by 5.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 9,102 shares of the oil and gas company valued at $246,000 after acquiring 472 additional shares in the last quarter. CIBC Asset Management Inc. increased its position in World Fuel Services shares by 6.6% during the 4th quarter. CIBC Asset Management Inc. now owns 7,970 shares of the oil and gas company valued at $211,000 after acquiring 495 additional shares in the last quarter. Finally, the State of Kentucky’s Teachers Retirement System increased its position in World Fuel Services shares by 6.1% during the fourth quarter. The Kentucky State Teachers’ Retirement System now owns 18,910 shares of the oil and gas company valued at $501,000 after acquiring 1,094 additional shares in the last quarter. 90.97% of the shares are held by institutional investors and hedge funds.
Changes to analyst ratings
Separately, Stifel Nicolaus upgraded World Fuel Services from a “hold” rating to a “buy” rating and set a target price of $35.00 on the stock in a Wednesday, May 18 research note.
Global fuel services inventory up 2.2%
INT stock opened at $28.21 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.16 and a leverage ratio of 0.53. The company’s 50-day simple moving average is $23.44 and its 200-day simple moving average is $25.40. The company has a market capitalization of $1.75 billion, a PE ratio of 20.30, a growth price-earnings ratio of 2.72 and a beta of 1.30. World Fuel Services Co. has a 12-month low of $19.29 and a 12-month high of $35.10.
World Fuel Services (NYSE:INT – Get Rating) last released quarterly earnings data on Thursday, July 28. The oil and gas company reported earnings per share of $0.41 for the quarter, beating the consensus estimate of $0.29 by $0.12. World Fuel Services posted a net margin of 0.18% and a return on equity of 4.82%. In the same period a year earlier, the company posted earnings per share of $0.39. On average, research analysts expect World Fuel Services Co. to post earnings per share of 2.03 for the current year.
World Fuel Services announces dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 1. Shareholders of record on Friday, June 3 received a dividend of $0.12 per share. This represents an annualized dividend of $0.48 and a dividend yield of 1.70%. The ex-dividend date was Thursday, June 2. The World Fuel Services payout ratio is 34.53%.
About World Fuel Services
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World Fuel Services Corporation engages in the distribution of fuel and related products and services to the aviation, marine and land transportation industries worldwide. Its Aviation segment provides fuel and related products and services to commercial airlines, second and third tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed operators, fleets of company, fractional operators, private aircraft, United States and foreign governments. , intergovernmental organizations and military customers.
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