World Fuel Services (INT) Cut to “Hold” at ValuEngine

ValuEngine cut shares of World Fuel Services (NYSE:INT) from a buy rating to a hold rating in a research report report published on Friday morning.

Separately, Zacks Investment Research upgraded World Fuel Services from a sell rating to a hold rating in a research note on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $36.00.

World Fuel Services (NYSE INT) opened at $26.95 on Friday. The company has a market capitalization of $1,822.33, a price-to-earnings ratio of 77.00, a P/E/G ratio of 2.05 and a beta of 0.87. World Fuel Services has a 12 month low of $25.80 and a 12 month high of $46.37. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.63 and a quick ratio of 1.42.

A number of institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its stake in World Fuel Services by 172.4% in the fourth quarter. US Bancorp DE now owns 8,231 shares of the oil and gas company’s stock valued at $232,000 after purchasing an additional 5,209 shares during the last quarter. Aperio Group LLC increased its stake in World Fuel Services by 12.7% in the fourth quarter. Aperio Group LLC now owns 73,068 shares of the oil and gas company’s stock valued at $2,056,000 after purchasing an additional 8,245 shares during the last quarter. Boston Partners increased its stake in World Fuel Services by 11.4% in the fourth quarter. Boston Partners now owns 2,901,207 shares of the oil and gas company’s stock valued at $81,640,000 after purchasing an additional 295,950 shares during the last quarter. Engineers Gate Manager LP grew its position in World Fuel Services by 46.9% during the fourth quarter. Engineers Gate Manager LP now owns 61,391 shares of the oil and gas company’s stock valued at $1,728,000 after acquiring an additional 19,609 shares during the period. Finally, LSV Asset Management grew its position in World Fuel Services by 11.5% during the fourth quarter. LSV Asset Management now owns 761,210 shares of the oil and gas company’s stock valued at $21,420,000 after acquiring an additional 78,500 shares during the period. Hedge funds and other institutional investors own 88.97% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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