November 30, 2016 - By Louis Casey · 0 Comments
World Fuel Services Corp (NYSE:INT) institutional sentiment decreased to 0.9 in Q2 2016. Its down -0.36, from 1.26 in 2016Q1. The ratio worsened, as 139 active investment managers opened new and increased equity positions, while 110 decreased and sold holdings in World Fuel Services Corp. The active investment managers in our partner’s database now have: 60.89 million shares, down from 62.22 million shares in 2016Q1. Also, the number of active investment managers holding World Fuel Services Corp in their top 10 equity positions decreased from 3 to 1 for a decrease of 2. Sold All: 24 Reduced: 86 Increased: 108 New Position: 31.
World Fuel Services Corporation is a fuel logistics, transaction management and payment processing company. The company has a market cap of $3.12 billion. The Firm operates through three divisions: aviation, marine and land. It has a 17.51 P/E ratio. 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.
About 218,884 shares traded hands. World Fuel Services Corp (NYSE:INT) has declined 11.25% since April 27, 2016 and is downtrending. It has underperformed by 16.48% the S&P500.
Analysts await World Fuel Services Corp (NYSE:INT) to report earnings on February, 9. They expect $0.62 earnings per share, down 26.19% or $0.22 from last year’s $0.84 per share. INT’s profit will be $43.80 million for 17.81 P/E if the $0.62 EPS becomes a reality. After $0.76 actual earnings per share reported by World Fuel Services Corp for the previous quarter, Wall Street now forecasts -18.42% negative EPS growth.
According to Zacks Investment Research, “World Fuel Services Corporation markets aviation and marine fuel services. In their aviation fuel services business, World Fuel extends credit and provides around-the-world single-supplier convenience, 24-hour service, and competitively-priced aviation fuel and other aviation related services, including fuel management services, to passenger, cargo and charter airlines. World Fuel also offers flight plans and weather reports to their corporate customers.”
Timucuan Asset Management Inc Fl holds 4.37% of its portfolio in World Fuel Services Corp for 1.01 million shares. Broad Run Investment Management Llc owns 1.62 million shares or 3.7% of their US portfolio. Moreover, Cardinal Capital Management Llc Ct has 1.97% invested in the company for 837,358 shares. The Pennsylvania-based Cooke & Bieler Lp has invested 1.93% in the stock. Denali Advisors Llc, a California-based fund reported 186,000 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 2 sales for $1.23 million net activity.
Ratings analysis reveals 25% of World Fuel Services Corp’s analysts are positive. Out of 4 Wall Street analysts rating World Fuel Services Corp, 1 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $40 while the high is $50. The stock’s average target of $46 is 4.17% above today’s ($44.16) share price. INT was included in 9 notes of analysts from July 31, 2015. As per Friday, September 11, the company rating was maintained by Bank of America. Credit Suisse downgraded it to “Neutral” rating and $45 target price in Friday, April 29 report. Bank of America downgraded World Fuel Services Corp (NYSE:INT) on Friday, July 31 to “Underperform” rating. The rating was initiated by Stifel Nicolaus on Wednesday, August 24 with “Hold”. The company was downgraded on Friday, July 31 by Stephens. Bank of America maintained World Fuel Services Corp (NYSE:INT) on Monday, February 22 with “Neutral” rating. The stock of World Fuel Services Corp (NYSE:INT) earned “Buy” rating by Stifel Nicolaus on Friday, November 4.
World Fuel Services Corporation, incorporated on July 20, 1984, is a fuel logistics, transaction management and payment processing company. The Firm provides energy management solutions to the aviation, marine and land transportation industries. The Firm operates through three divisions: 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, military fleets and to the United States and foreign Governments, as well as intergovernmental organization. The marine segment offers fuel, lubricants, and related services and products to a base of marine customers, including international container and tanker fleets, commercial cruise lines, yachts and time-charter operators, the United States and foreign Governments, as well as other fuel suppliers. The land segment offers fuel, lubricants, and related services and products to petroleum distributors operating in the land transportation market, retail petroleum operators, and industrial, commercial, residential and government customers.
More important recent World Fuel Services Corp (NYSE:INT) news were published by: Fool.com which released: “Weak Earnings Sink World Fuel Services Corp’s Stock” on October 28, 2016, also Reuters.com published article titled: “BRIEF-World Fuel Services Corp amends credit facility”, Businesswire.com published: “World Fuel Services Corporation to Acquire PAPCO, Inc. and Associated …” on June 23, 2016. More interesting news about World Fuel Services Corp (NYSE:INT) was released by: Businesswire.com and their article: “World Fuel Services Corporation to Acquire ExxonMobil Fueling Operations at 83 …” with publication date: February 11, 2016.
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By Louis Casey