World Fuel Services Corp (INT) : Northwest Investment Counselors scooped up 1,645 additional shares in World Fuel Services Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 13,563 shares of World Fuel Services Corp which is valued at $678,421.World Fuel Services Corp makes up approximately 0.38% of Northwest Investment Counselors’s portfolio.
World Fuel Services Corp opened for trading at $48.66 and hit $49.74 on the upside on Wednesday, eventually ending the session at $49.51, with a gain of 2.23% or 1.08 points. The heightened volatility saw the trading volume jump to 8,11,861 shares. Company has a market cap of $3,505 M.
Other Hedge Funds, Including , Acadian Asset Management boosted its stake in INT in the latest quarter, The investment management firm added 979,871 additional shares and now holds a total of 1,455,947 shares of World Fuel Services Corp which is valued at $71,414,200. World Fuel Services Corp makes up approx 0.36% of Acadian Asset Management’s portfolio. Proficio Capital Partners added INT to its portfolio by purchasing 4 company shares during the most recent quarter which is valued at $187.
On the company’s financial health, World Fuel Services Corp reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $0.74. The company had revenue of $6731.90 million for the quarter, compared to analysts expectations of $7974.97 million. The company’s revenue was down -31.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.96 EPS.
Many Wall Street Analysts have commented on World Fuel Services Corp. World Fuel Services Corp was Upgraded by BofA/Merrill to ” Neutral” on Feb 11, 2016.
World Fuel Services Corporation is a fuel logistics transaction management and payment processing company. The Company is engaged in the distribution of fuel and related products and services in the aviation marine and land transportation industries. It operates in 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 and low cost carriers airports fixed-based operators corporate fleets fractional operators private aircraft military fleets and to the United States and foreign Governments. The marine segment offers fuel lubricants and related products and services to a base of marine customers including international container and tanker fleets commercial cruise lines yachts and time-charter operators the United States and foreign Governments. The land segment offers fuel lubricants and related products and services to petroleum distributors.