Putnam Investments LLC Sells 850 Shares of World Fuel Services Co. (NYSE:INT)

Putnam Investments LLC trimmed its holdings in shares of World Fuel Services Co. (NYSE:INT – Get Rating) by 1.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 47,019 shares of the oil and gas company’s stock after selling 850 shares during the quarter. Putnam Investments LLC’s holdings in World Fuel Services were worth $1,102,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. MGO One Seven LLC lifted its holdings in shares of World Fuel Services by 3.2% in the 2nd quarter. MGO One Seven LLC now owns 12,106 shares of the oil and gas company’s stock worth $248,000 after purchasing an additional 372 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of World Fuel Services by 0.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 44,844 shares of the oil and gas company’s stock worth $918,000 after purchasing an additional 413 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of World Fuel Services by 18.3% in the 2nd quarter. Captrust Financial Advisors now owns 2,708 shares of the oil and gas company’s stock worth $56,000 after purchasing an additional 419 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of World Fuel Services by 21.7% in the 3rd quarter. Lazard Asset Management LLC now owns 3,725 shares of the oil and gas company’s stock worth $87,000 after purchasing an additional 664 shares in the last quarter. Finally, Texas Permanent School Fund lifted its holdings in shares of World Fuel Services by 1.7% in the 2nd quarter. Texas Permanent School Fund now owns 45,564 shares of the oil and gas company’s stock worth $932,000 after purchasing an additional 779 shares in the last quarter. 90.79% of the stock is currently owned by institutional investors.

World Fuel Services Price Performance

Shares of NYSE:INT opened at $24.59 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.42. The stock’s fifty day simple moving average is $28.13 and its two-hundred day simple moving average is $26.96. World Fuel Services Co. has a 1-year low of $19.29 and a 1-year high of $30.65. The stock has a market cap of $1.53 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 2.36 and a beta of 1.26.

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

Wall Street Analyst Weigh In

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

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.