PNC Financial Services Group Inc. decreased its position in shares of World Fuel Services Corp. (NYSE:INT) by 38.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 445,426 shares of the company’s stock after selling 280,226 shares during the period. PNC Financial Services Group Inc. owned about 0.63% of World Fuel Services Corp. worth $20,605,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INT. Bank of New York Mellon Corp boosted its position in shares of World Fuel Services Corp. by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 1,377,586 shares of the company’s stock worth $65,422,000 after buying an additional 48,206 shares during the last quarter. Capital Analysts LLC boosted its position in shares of World Fuel Services Corp. by 1,281.2% in the second quarter. Capital Analysts LLC now owns 21,837 shares of the company’s stock worth $1,225,000 after buying an additional 20,256 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of World Fuel Services Corp. by 20.0% in the second quarter. Ameriprise Financial Inc. now owns 444,000 shares of the company’s stock worth $21,085,000 after buying an additional 74,005 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of World Fuel Services Corp. by 3.9% in the second quarter. Nisa Investment Advisors LLC now owns 112,970 shares of the company’s stock worth $5,365,000 after buying an additional 4,200 shares during the last quarter. Finally, 1st Global Advisors Inc. boosted its position in shares of World Fuel Services Corp. by 0.8% in the second quarter. 1st Global Advisors Inc. now owns 9,857 shares of the company’s stock worth $468,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 88.58% of the company’s stock.

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

World Fuel Services Corp. (NYSE:INT) traded up 0.73% during mid-day trading on Wednesday, hitting $44.26. The company’s stock had a trading volume of 92,085 shares. The company has a market cap of $3.12 billion, a P/E ratio of 16.55 and a beta of 1.06. The firm’s 50-day moving average is $43.78 and its 200-day moving average is $45.33. World Fuel Services Corp. has a 12-month low of $35.13 and a 12-month high of $51.01.

World Fuel Services Corp. (NYSE:INT) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.12. World Fuel Services Corp. had a return on equity of 10.92% and a net margin of 0.68%. The company had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. World Fuel Services Corp.’s revenue was down 5.3% compared to the same quarter last year. Analysts predict that World Fuel Services Corp. will post $2.50 EPS for the current fiscal year.

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A number of research analysts have issued reports on INT shares. Zacks Investment Research upgraded World Fuel Services Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 28th. Stifel Nicolaus assumed coverage on World Fuel Services Corp. in a report on Tuesday, August 23rd. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.50.

World Fuel Services Corp. Company Profile

World Fuel Services Corporation is a fuel logistics, transaction management and payment processing company. The Company operates through three segments: aviation, marine and land. The aviation segment offers fuel and related services to commercial airlines second and third-tier airlines, cargo carriers, regional carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft and military fleets.

5 Day Chart for NYSE:INT

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