Metropolitan Life Insurance Co. NY held its stake in FleetCor Technologies, Inc. (NYSE:FLT) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,295 shares of the business services provider’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in FleetCor Technologies were worth $953,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. Jane Street Group LLC increased its stake in FleetCor Technologies by 172.3% in the first quarter. Jane Street Group LLC now owns 22,213 shares of the business services provider’s stock worth $3,364,000 after buying an additional 14,056 shares during the last quarter. Paloma Partners Management Co increased its stake in FleetCor Technologies by 67.3% in the first quarter. Paloma Partners Management Co now owns 48,292 shares of the business services provider’s stock worth $7,313,000 after buying an additional 19,422 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in FleetCor Technologies during the first quarter worth $534,000. Gotham Asset Management LLC bought a new stake in FleetCor Technologies during the first quarter worth $2,277,000. Finally, Highbridge Capital Management LLC increased its stake in FleetCor Technologies by 33.7% in the first quarter. Highbridge Capital Management LLC now owns 8,376 shares of the business services provider’s stock worth $1,268,000 after buying an additional 2,111 shares during the last quarter. Institutional investors own 95.32% of the company’s stock.
FleetCor Technologies, Inc. (FLT) opened at 152.05 on Friday. The company has a 50-day moving average of $146.26 and a 200-day moving average of $149.61. The company has a market cap of $14.03 billion, a price-to-earnings ratio of 31.10 and a beta of 1.44. FleetCor Technologies, Inc. has a one year low of $121.52 and a one year high of $176.42.
FleetCor Technologies (NYSE:FLT) last posted its quarterly earnings data on Monday, May 1st. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.09. The business had revenue of $520.43 million during the quarter, compared to the consensus estimate of $514.56 million. FleetCor Technologies had a return on equity of 20.20% and a net margin of 23.89%. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.53 earnings per share. Equities research analysts expect that FleetCor Technologies, Inc. will post $8.34 EPS for the current fiscal year.
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A number of equities research analysts have recently weighed in on the stock. Citigroup Inc. restated a “buy” rating and issued a $180.00 price target (up from $165.00) on shares of FleetCor Technologies in a research note on Thursday, July 13th. William Blair restated an “outperform” rating on shares of FleetCor Technologies in a research note on Wednesday, July 12th. BidaskClub downgraded shares of FleetCor Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Jefferies Group LLC restated a “buy” rating and issued a $197.00 price target on shares of FleetCor Technologies in a research note on Wednesday, May 24th. Finally, Zacks Investment Research upgraded shares of FleetCor Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. FleetCor Technologies currently has a consensus rating of “Buy” and a consensus price target of $178.07.
In other news, CEO Armando Lins Netto acquired 750 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was acquired at an average price of $133.44 per share, for a total transaction of $100,080.00. Following the completion of the acquisition, the chief executive officer now owns 4,710 shares in the company, valued at $628,502.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alexey Gavrilenya acquired 5,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was purchased at an average price of $138.50 per share, with a total value of $692,500.00. Following the acquisition, the insider now owns 5,000 shares of the company’s stock, valued at approximately $692,500. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 8,850 shares of company stock valued at $1,208,985. 4.30% of the stock is owned by corporate insiders.
FleetCor Technologies Company Profile
FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.
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