Janus Henderson Group PLC Has $88.74 Million Position in World Fuel Services Corp (INT)
Janus Henderson Group PLC lessened its stake in shares of World Fuel Services Corp (NYSE:INT) by 0.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,616,931 shares of the oil and gas company’s stock after selling 13,389 shares during the quarter. Janus Henderson Group PLC owned 3.87% of World Fuel Services worth $88,740,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Artisan Partners Limited Partnership lifted its position in shares of World Fuel Services by 13.2% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,052,815 shares of the oil and gas company’s stock worth $117,381,000 after buying an additional 355,049 shares during the period. Prudential Financial Inc. lifted its position in shares of World Fuel Services by 17.4% during the 3rd quarter. Prudential Financial Inc. now owns 805,189 shares of the oil and gas company’s stock worth $27,304,000 after buying an additional 119,280 shares during the period. Third Avenue Management LLC lifted its position in shares of World Fuel Services by 5.5% during the 3rd quarter. Third Avenue Management LLC now owns 175,419 shares of the oil and gas company’s stock worth $5,949,000 after buying an additional 9,100 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of World Fuel Services during the 3rd quarter worth approximately $261,000. Finally, Sei Investments Co. lifted its position in shares of World Fuel Services by 151.3% during the 2nd quarter. Sei Investments Co. now owns 26,834 shares of the oil and gas company’s stock worth $1,032,000 after buying an additional 16,156 shares during the period. Institutional investors and hedge funds own 89.71% of the company’s stock.
World Fuel Services Corp (NYSE:INT) traded down $0.14 during trading on Friday, hitting $27.21. The company had a trading volume of 503,700 shares, compared to its average volume of 545,806. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.63 and a quick ratio of 1.42. World Fuel Services Corp has a 1-year low of $25.80 and a 1-year high of $47.49. The company has a market cap of $1,853.43, a P/E ratio of 17.35, a PEG ratio of 2.45 and a beta of 0.92.
World Fuel Services (NYSE:INT) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $0.60 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. World Fuel Services had a return on equity of 5.54% and a net margin of 0.08%. The firm had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.19 billion. During the same quarter in the previous year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. sell-side analysts anticipate that World Fuel Services Corp will post 2.24 EPS for the current year.
World Fuel Services declared that its Board of Directors has initiated a stock buyback plan on Wednesday, October 4th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the oil and gas company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 15th will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.24 annualized dividend and a yield of 0.88%. World Fuel Services’s payout ratio is 68.57%.
Several equities analysts recently commented on the company. BidaskClub downgraded World Fuel Services from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Bank of America downgraded World Fuel Services from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $41.00 to $36.00 in a research report on Tuesday, September 26th.
About World Fuel Services
World Fuel Services Corporation is engaged in providing aviation, marine and land energy, logistics and technology solutions to customers and suppliers around the world. The Company operates through three segments: Aviation, Marine and Land. In its Aviation segment, the Company offers fuel and related products and services.
Receive News & Ratings for World Fuel Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Fuel Services and related companies with MarketBeat.com's FREE daily email newsletter.