Ameriprise Financial Inc. Has $22.22 Million Holding in World Fuel Services Corp (INT)

Ameriprise Financial Inc. Has $22.22 Million Holding in World Fuel Services Corp (INT)

Ameriprise Financial Inc. boosted its stake in shares of World Fuel Services Corp (NYSE:INT) by 6.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 612,979 shares of the oil and gas company’s stock after buying an additional 37,783 shares during the period. Ameriprise Financial Inc.’s holdings in World Fuel Services Corp were worth $22,221,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in World Fuel Services Corp during the fourth quarter valued at $30,582,000. FMR LLC increased its stake in World Fuel Services Corp by 8.0% in the fourth quarter. FMR LLC now owns 8,681,673 shares of the oil and gas company’s stock valued at $398,576,000 after buying an additional 644,392 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in World Fuel Services Corp during the fourth quarter valued at $23,171,000. Boston Partners increased its stake in World Fuel Services Corp by 25.1% in the first quarter. Boston Partners now owns 2,343,605 shares of the oil and gas company’s stock valued at $84,955,000 after buying an additional 470,306 shares during the last quarter. Finally, River Road Asset Management LLC purchased a new stake in World Fuel Services Corp during the first quarter valued at $13,331,000. 89.83% of the stock is owned by institutional investors and hedge funds.

World Fuel Services Corp (NYSE:INT) traded down 0.37% during mid-day trading on Wednesday, reaching $35.34. The company’s stock had a trading volume of 587,206 shares. The stock’s 50-day moving average is $36.88 and its 200-day moving average is $40.54. The firm has a market capitalization of $2.44 billion, a PE ratio of 23.28 and a beta of 1.09. World Fuel Services Corp has a 12 month low of $34.64 and a 12 month high of $49.38.

World Fuel Services Corp (NYSE:INT) last posted its quarterly 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 firm had revenue of $8.19 billion during the quarter, compared to analyst estimates of $7.83 billion. World Fuel Services Corp had a return on equity of 10.92% and a net margin of 0.68%. The firm’s revenue for the quarter was up 57.9% on a year-over-year basis. During the same quarter last year, the business posted $0.77 earnings per share. On average, equities analysts anticipate that World Fuel Services Corp will post $2.60 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 7th. Investors 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 0.68%. World Fuel Services Corp’s dividend payout ratio (DPR) is 9.49%.

INT has been the subject of several research reports. Zacks Investment Research raised World Fuel Services Corp from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. TheStreet downgraded World Fuel Services Corp from a “b” rating to a “c” rating in a report on Friday, May 5th.

In other World Fuel Services Corp news, Director Ken Bakshi sold 3,049 shares of the firm’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 owns 35,726 shares of the company’s stock, valued at $1,359,374.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert Alexander Lake sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $37.83, for a total transaction of $56,745.00. Following the completion of the transaction, the executive vice president now directly owns 48,137 shares in the company, valued at approximately $1,821,022.71. The disclosure for this sale can be found here. Insiders sold 21,335 shares of company stock valued at $788,467 over the last quarter. Insiders own 2.30% of the company’s stock.

About World Fuel Services Corp

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “INT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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