Putnam Investments LLC Has $1.10 Million Stake in World Fuel Services Co. (NYSE:INT)

Putnam Investments LLC trimmed its position in shares of World Fuel Services Co. (NYSE:INT – Get Rating) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,019 shares of the oil and gas company’s stock after selling 850 shares during the period. Putnam Investments LLC owned 0.08% of World Fuel Services worth $1,102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. acquired a new position in shares of World Fuel Services in the third quarter valued at $26,000. Captrust Financial Advisors increased its holdings in shares of World Fuel Services by 18.3% in the second quarter. Captrust Financial Advisors now owns 2,708 shares of the oil and gas company’s stock valued at $56,000 after purchasing an additional 419 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of World Fuel Services by 29.8% in the second quarter. Lazard Asset Management LLC now owns 3,061 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 703 shares during the last quarter. Private Trust Co. NA acquired a new position in shares of World Fuel Services in the second quarter valued at $70,000. Finally, EMC Capital Management increased its holdings in shares of World Fuel Services by 52.6% in the second quarter. EMC Capital Management now owns 5,711 shares of the oil and gas company’s stock valued at $117,000 after purchasing an additional 1,968 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of World Fuel Services from a “buy” rating to a “hold” rating in a report on Monday, February 27th.

World Fuel Services Trading Down 3.7 %

Shares of World Fuel Services stock opened at $24.59 on Tuesday. The firm has a 50-day moving average of $28.13 and a 200-day moving average of $26.96. The stock has a market cap of $1.53 billion, a PE ratio of 13.59, a PEG ratio of 2.36 and a beta of 1.26. World Fuel Services Co. has a 52-week low of $19.29 and a 52-week high of $30.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.97 and a current ratio of 1.14.

World Fuel Services (NYSE:INT – Get Rating) last announced its earnings results on Thursday, February 23rd. The oil and gas company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. The company had revenue of $13.88 billion during the quarter, compared to analysts’ expectations of $14.56 billion. World Fuel Services had a net margin of 0.19% and a return on equity of 6.56%. During the same quarter in the previous year, the business posted $0.28 earnings per share. As a group, sell-side analysts forecast that World Fuel Services Co. will post 2.16 EPS for the current year.

About World Fuel Services

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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.