World Fuel Services (NYSE:INT) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of World Fuel Services (NYSE:INTFree Report) in a research note released on Monday morning. The brokerage issued a buy rating on the stock.

World Fuel Services Stock Performance

World Fuel Services stock opened at $24.26 on Monday. World Fuel Services has a 12 month low of $19.29 and a 12 month high of $30.65.

Hedge Funds Weigh In On World Fuel Services

Several institutional investors and hedge funds have recently made changes to their positions in the company. Verity Asset Management Inc. acquired a new position in shares of World Fuel Services in the third quarter valued at approximately $277,000. American Century Companies Inc. boosted its stake in shares of World Fuel Services by 41.9% in the third quarter. American Century Companies Inc. now owns 212,189 shares of the company’s stock valued at $4,759,000 after buying an additional 62,649 shares during the period. Nomura Holdings Inc. boosted its stake in shares of World Fuel Services by 1,574.1% in the third quarter. Nomura Holdings Inc. now owns 384,192 shares of the company’s stock valued at $8,617,000 after buying an additional 361,243 shares during the period. Qube Research & Technologies Ltd boosted its stake in shares of World Fuel Services by 79.6% in the third quarter. Qube Research & Technologies Ltd now owns 339,720 shares of the company’s stock valued at $7,620,000 after buying an additional 150,516 shares during the period. Finally, Trexquant Investment LP boosted its stake in shares of World Fuel Services by 26.6% in the third quarter. Trexquant Investment LP now owns 23,951 shares of the company’s stock valued at $537,000 after buying an additional 5,035 shares during the period.

World Fuel Services Company Profile

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World Kinect 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 offers fuel supply and comprehensive service solutions globally.

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