Engineers Gate Manager LP Has $1.91 Million Stake in World Fuel Services (INT)

Engineers Gate Manager LP grew its position in World Fuel Services (NYSE:INT) by 26.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,705 shares of the oil and gas company’s stock after purchasing an additional 16,314 shares during the quarter. Engineers Gate Manager LP owned approximately 0.11% of World Fuel Services worth $1,908,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of World Fuel Services by 1.1% in the 4th quarter. BlackRock Inc. now owns 5,801,615 shares of the oil and gas company’s stock valued at $163,258,000 after buying an additional 64,633 shares during the last quarter. Boston Partners grew its position in shares of World Fuel Services by 11.4% in the 4th quarter. Boston Partners now owns 2,901,207 shares of the oil and gas company’s stock valued at $81,640,000 after buying an additional 295,950 shares during the last quarter. Cooke & Bieler LP grew its position in shares of World Fuel Services by 7.0% in the 4th quarter. Cooke & Bieler LP now owns 2,605,456 shares of the oil and gas company’s stock valued at $73,318,000 after buying an additional 171,159 shares during the last quarter. Prudential Financial Inc. grew its position in shares of World Fuel Services by 45.1% in the 1st quarter. Prudential Financial Inc. now owns 1,340,499 shares of the oil and gas company’s stock valued at $32,909,000 after buying an additional 416,926 shares during the last quarter. Finally, Brandes Investment Partners LP grew its position in shares of World Fuel Services by 298.5% in the 4th quarter. Brandes Investment Partners LP now owns 1,302,881 shares of the oil and gas company’s stock valued at $36,663,000 after buying an additional 975,923 shares during the last quarter. Institutional investors and hedge funds own 89.09% of the company’s stock.

Shares of World Fuel Services stock opened at $22.35 on Friday. World Fuel Services has a 1 year low of $22.04 and a 1 year high of $22.61. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 2.26 and a beta of 0.92.

World Fuel Services (NYSE:INT) last issued its quarterly earnings data on Thursday, April 26th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. World Fuel Services had a negative net margin of 0.49% and a positive return on equity of 6.83%. The company had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $9.12 billion. During the same period last year, the firm posted $0.50 EPS. World Fuel Services’s revenue for the quarter was up 12.0% on a year-over-year basis. research analysts forecast that World Fuel Services will post 1.98 EPS for the current year.

INT has been the topic of a number of recent analyst reports. TheStreet downgraded shares of World Fuel Services from a “c-” rating to a “d+” rating in a research report on Friday, February 23rd. ValuEngine downgraded shares of World Fuel Services from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Seaport Global Securities initiated coverage on shares of World Fuel Services in a research report on Friday, February 9th. They issued a “neutral” rating on the stock. Stifel Nicolaus dropped their target price on shares of World Fuel Services from $46.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Finally, Zacks Investment Research raised shares of World Fuel Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $38.00.

World Fuel Services Profile

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 offers fuel management; price risk management; ground handling; dispatch; and international trip planning services, such as flight plans, weather reports, and overflight permits.

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Institutional Ownership by Quarter for World Fuel Services (NYSE:INT)

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