World Fuel Services Corp. (NYSE:INT) shares fell 2.1% during trading on Wednesday . The stock traded as low as $46.08 and last traded at $46.35, with a volume of 157,053 shares traded. The stock had previously closed at $47.34.

Several research firms have recently commented on INT. Bank of America Corp. reaffirmed a “hold” rating and issued a $50.00 price objective on shares of World Fuel Services Corp. in a research note on Wednesday, April 13th. Zacks Investment Research raised World Fuel Services Corp. from a “hold” rating to a “strong-buy” rating and set a $55.00 target price on the stock in a research note on Tuesday. Finally, Credit Suisse Group AG downgraded World Fuel Services Corp. from an “outperform” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research note on Friday, April 29th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. World Fuel Services Corp. currently has an average rating of “Buy” and an average target price of $48.50.

The stock’s 50 day moving average is $45.51 and its 200 day moving average is $44.47. The firm has a market cap of $3.28 billion and a P/E ratio of 17.76.

World Fuel Services Corp. (NYSE:INT) last issued its quarterly earnings results on Thursday, April 28th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.16. During the same quarter in the prior year, the company posted $0.83 EPS. The business had revenue of $5.19 billion for the quarter, compared to analysts’ expectations of $6.71 billion. The business’s revenue for the quarter was down 29.3% compared to the same quarter last year. On average, analysts forecast that World Fuel Services Corp. will post $2.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Friday, June 10th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.24 dividend on an annualized basis and a yield of 0.52%.

In other World Fuel Services Corp. news, CAO Carlos M. Velazquez sold 4,500 shares of the stock in a transaction that occurred on Thursday, May 12th. The stock was sold at an average price of $45.26, for a total transaction of $203,670.00. Following the transaction, the chief accounting officer now owns 12,323 shares in the company, valued at $557,738.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard A. Kassar sold 2,500 shares of the stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $46.82, for a total value of $117,050.00. Following the transaction, the director now owns 35,807 shares in the company, valued at approximately $1,676,483.74. The disclosure for this sale can be found here.

A number of institutional investors have modified their holdings of the company. Liberty Mutual Group Asset Management Inc. increased its position in shares of World Fuel Services Corp. by 41.9% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 43,374 shares of the company’s stock worth $1,668,000 after buying an additional 12,815 shares in the last quarter. Boston Partners increased its position in shares of World Fuel Services Corp. by 5.6% in the fourth quarter. Boston Partners now owns 1,914,005 shares of the company’s stock worth $73,613,000 after buying an additional 100,942 shares in the last quarter. Cooke & Bieler LP increased its position in shares of World Fuel Services Corp. by 6.5% in the fourth quarter. Cooke & Bieler LP now owns 2,128,488 shares of the company’s stock worth $81,862,000 after buying an additional 130,304 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of World Fuel Services Corp. by 20.8% in the fourth quarter. New York State Common Retirement Fund now owns 205,400 shares of the company’s stock worth $7,900,000 after buying an additional 35,300 shares in the last quarter. Finally, Comerica Bank increased its position in shares of World Fuel Services Corp. by 1.5% in the fourth quarter. Comerica Bank now owns 53,894 shares of the company’s stock worth $2,053,000 after buying an additional 796 shares in the last quarter.

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.

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