Amalgamated Bank grew its position in FleetCor Technologies, Inc. (NYSE:FLT) by 12.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,648 shares of the business services provider’s stock after acquiring an additional 1,282 shares during the period. Amalgamated Bank’s holdings in FleetCor Technologies were worth $2,359,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Captrust Financial Advisors acquired a new position in shares of FleetCor Technologies in the fourth quarter worth about $156,000. Miles Capital Inc. acquired a new position in shares of FleetCor Technologies in the first quarter worth about $201,000. Checchi Capital Advisers LLC acquired a new position in shares of FleetCor Technologies in the first quarter worth about $215,000. Lombard Odier Asset Management Europe Ltd acquired a new position in shares of FleetCor Technologies in the fourth quarter worth about $207,000. Finally, HBK Sorce Advisory LLC acquired a new position in shares of FleetCor Technologies in the fourth quarter worth about $211,000. Institutional investors and hedge funds own 91.25% of the company’s stock.
FLT has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of FleetCor Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, April 10th. Morgan Stanley set a $238.00 price target on shares of FleetCor Technologies and gave the stock a “buy” rating in a research report on Friday, May 4th. Finally, ValuEngine upgraded shares of FleetCor Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $222.09.
FleetCor Technologies opened at $216.31 on Monday, according to MarketBeat.com. FleetCor Technologies, Inc. has a twelve month low of $138.43 and a twelve month high of $222.92. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $19.61 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.36 and a beta of 1.42.
FleetCor Technologies (NYSE:FLT) last released its quarterly earnings results on Thursday, May 3rd. The business services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.13. FleetCor Technologies had a net margin of 34.19% and a return on equity of 21.87%. The firm had revenue of $585.50 million during the quarter, compared to the consensus estimate of $602.46 million. During the same quarter in the prior year, the firm earned $1.96 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. sell-side analysts expect that FleetCor Technologies, Inc. will post 9.78 earnings per share for the current fiscal year.
FleetCor Technologies 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.
Want to see what other hedge funds are holding FLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FleetCor Technologies, Inc. (NYSE:FLT).
Receive News & Ratings for FleetCor Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FleetCor Technologies and related companies with MarketBeat.com's FREE daily email newsletter.