Sawtooth Solutions LLC Purchases 689 Shares of World Fuel Services Co. (NYSE:INT)

Sawtooth Solutions LLC increased its position in shares of World Fuel Services Co. (NYSE:INT) by 7.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 10,498 shares of the oil and gas company’s stock after buying an additional 689 shares during the quarter. Sawtooth Solutions LLC’s holdings in World Fuel Services were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CWM Advisors LLC boosted its holdings in World Fuel Services by 3.1% in the 2nd quarter. CWM Advisors LLC now owns 10,098 shares of the oil and gas company’s stock valued at $320,000 after purchasing an additional 306 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in World Fuel Services by 4.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 10,430 shares of the oil and gas company’s stock valued at $351,000 after purchasing an additional 450 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in World Fuel Services by 0.7% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 70,756 shares of the oil and gas company’s stock valued at $2,251,000 after purchasing an additional 489 shares during the period. Johnson Investment Counsel Inc. boosted its holdings in World Fuel Services by 1.2% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 43,035 shares of the oil and gas company’s stock valued at $1,371,000 after purchasing an additional 525 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its holdings in World Fuel Services by 1.1% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 61,700 shares of the oil and gas company’s stock valued at $2,074,000 after purchasing an additional 655 shares during the period. 93.60% of the stock is owned by institutional investors and hedge funds.

INT has been the subject of a number of research reports. Bank of America downgraded shares of World Fuel Services from a “buy” rating to an “underperform” rating and reduced their price target for the company from $40.00 to $33.00 in a report on Friday, October 1st. Zacks Investment Research upgraded shares of World Fuel Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 29th.

Shares of INT stock opened at $28.49 on Friday. World Fuel Services Co. has a 52-week low of $24.29 and a 52-week high of $37.68. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 33.13 and a beta of 1.16. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.21 and a current ratio of 1.37. The firm has a fifty day moving average of $26.92 and a 200-day moving average of $30.12.

World Fuel Services (NYSE:INT) last announced its quarterly earnings data on Thursday, October 28th. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. World Fuel Services had a net margin of 0.21% and a return on equity of 3.59%. The company had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $7.57 billion. During the same quarter in the prior year, the company posted $0.33 EPS. On average, sell-side analysts predict that World Fuel Services Co. will post 1.34 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 7th. Investors of record on Friday, December 17th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Thursday, December 16th. World Fuel Services’s dividend payout ratio (DPR) is currently 55.81%.

World Fuel Services Profile

World Fuel Services Corp. engages in the distribution of fuel and related products and services in the aviation, marine, and land transportation industries. It operates through the following segments: Aviation, Land, and Marine. The Aviation segment supply fuel and service solutions to commercial airlines, second and third-tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, and private aircraft.

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

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