American International Group Inc. lifted its holdings in FleetCor Technologies, Inc. (NYSE:FLT) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,013 shares of the business services provider’s stock after buying an additional 999 shares during the period. American International Group Inc.’s holdings in FleetCor Technologies were worth $9,786,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Rhumbline Advisers grew its position in FleetCor Technologies by 3.1% in the fourth quarter. Rhumbline Advisers now owns 147,176 shares of the business services provider’s stock worth $42,345,000 after acquiring an additional 4,467 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in FleetCor Technologies by 13.4% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,341 shares of the business services provider’s stock valued at $5,043,000 after purchasing an additional 2,047 shares during the period. Aigen Investment Management LP purchased a new stake in FleetCor Technologies in the fourth quarter valued at $1,095,000. US Bancorp DE lifted its stake in shares of FleetCor Technologies by 22.1% in the 4th quarter. US Bancorp DE now owns 7,828 shares of the business services provider’s stock valued at $2,252,000 after purchasing an additional 1,415 shares during the last quarter. Finally, Advisory Services Network LLC lifted its stake in shares of FleetCor Technologies by 145.5% in the 4th quarter. Advisory Services Network LLC now owns 329 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 195 shares during the last quarter. 93.58% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on the company. Citigroup raised their price objective on FleetCor Technologies from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Evercore ISI restated a “buy” rating and issued a $331.00 price objective on shares of FleetCor Technologies in a report on Friday, February 7th. ValuEngine cut shares of FleetCor Technologies from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Oppenheimer reaffirmed a “buy” rating and set a $335.00 target price on shares of FleetCor Technologies in a research note on Thursday, February 6th. Finally, Credit Suisse Group started coverage on shares of FleetCor Technologies in a research report on Thursday, January 23rd. They set a “neutral” rating and a $335.00 price target for the company. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the stock. FleetCor Technologies has an average rating of “Hold” and a consensus price target of $304.33.
NYSE FLT opened at $318.43 on Friday. The company has a market cap of $27.56 billion, a P/E ratio of 32.10, a P/E/G ratio of 1.55 and a beta of 1.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.04 and a quick ratio of 1.12. The stock has a 50-day moving average of $305.77 and a two-hundred day moving average of $296.85. FleetCor Technologies, Inc. has a 1-year low of $221.08 and a 1-year high of $329.85.
FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported $3.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.13 by $0.04. FleetCor Technologies had a net margin of 33.79% and a return on equity of 27.07%. The company had revenue of $698.90 million for the quarter, compared to analyst estimates of $705.49 million. During the same period in the prior year, the firm earned $2.78 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts anticipate that FleetCor Technologies, Inc. will post 12.92 EPS for the current fiscal year.
FleetCor Technologies Company Profile
FleetCor Technologies, Inc provides commercial payment solutions in North America, Latin America, Europe, and Australasia. The company offers fuel payment solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers. Its fuel payment products are in the form of plastic cards, electronic RFID tags, and paper vouchers to purchase fuel, oil, vehicle maintenance supplies and services, and building supplies.
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