Fleetcor Sees Unusually High Options Volume (NYSE:FLT)

Fleetcor (NYSE:FLT) was the target of unusually large options trading on Thursday. Investors bought 1,601 call options on the company. This is an increase of 1,181% compared to the typical volume of 125 call options.

FLT has been the subject of a number of analyst reports. Zacks Investment Research raised Fleetcor from a “hold” rating to a “buy” rating and set a $228.00 price objective for the company in a research report on Thursday, February 8th. Credit Suisse Group upped their price target on Fleetcor from $209.00 to $211.00 and gave the company a “neutral” rating in a report on Friday, February 9th. SunTrust Banks set a $240.00 price target on Fleetcor and gave the company a “buy” rating in a report on Monday, February 5th. Morgan Stanley upped their price target on Fleetcor from $194.00 to $232.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Finally, Oppenheimer upped their price target on Fleetcor from $194.00 to $247.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $209.43.

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NYSE FLT traded down $3.87 on Friday, reaching $196.34. The stock had a trading volume of 272,930 shares, compared to its average volume of 398,107. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.79. Fleetcor has a 12-month low of $121.52 and a 12-month high of $213.74. The stock has a market cap of $17,980.63, a P/E ratio of 24.92, a P/E/G ratio of 1.26 and a beta of 1.46.

Fleetcor (NYSE:FLT) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $2.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.33 by $0.09. Fleetcor had a return on equity of 21.15% and a net margin of 32.90%. The company had revenue of $610.00 million during the quarter, compared to analysts’ expectations of $605.87 million. During the same quarter in the previous year, the business earned $1.90 earnings per share. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. research analysts predict that Fleetcor will post 9.6 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its stake in shares of Fleetcor by 42.2% during the fourth quarter. BlackRock Inc. now owns 6,119,055 shares of the business services provider’s stock worth $1,177,491,000 after purchasing an additional 1,816,729 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Fleetcor by 31.2% during the third quarter. Ameriprise Financial Inc. now owns 1,701,521 shares of the business services provider’s stock worth $263,344,000 after purchasing an additional 404,670 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Fleetcor by 128.8% during the third quarter. Wells Fargo & Company MN now owns 598,702 shares of the business services provider’s stock worth $92,661,000 after purchasing an additional 337,073 shares during the last quarter. Atlantic Trust Group LLC raised its stake in shares of Fleetcor by 376.1% during the third quarter. Atlantic Trust Group LLC now owns 381,740 shares of the business services provider’s stock worth $59,083,000 after purchasing an additional 301,558 shares during the last quarter. Finally, Montag & Caldwell LLC raised its stake in shares of Fleetcor by 62.2% during the fourth quarter. Montag & Caldwell LLC now owns 423,629 shares of the business services provider’s stock worth $81,519,000 after purchasing an additional 162,464 shares during the last quarter. Institutional investors own 94.36% of the company’s stock.

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About Fleetcor

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