Aperio Group LLC raised its holdings in FleetCor Technologies, Inc. (NYSE:FLT) by 11.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,370 shares of the business services provider’s stock after purchasing an additional 2,227 shares during the quarter. Aperio Group LLC’s holdings in FleetCor Technologies were worth $5,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in FLT. Principal Financial Group Inc. grew its stake in FleetCor Technologies by 14.5% in the 1st quarter. Principal Financial Group Inc. now owns 14,700 shares of the business services provider’s stock valued at $2,976,000 after purchasing an additional 1,864 shares during the period. Cubist Systematic Strategies LLC grew its stake in FleetCor Technologies by 33.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 1,575 shares of the business services provider’s stock valued at $319,000 after purchasing an additional 391 shares during the period. WINTON GROUP Ltd grew its stake in FleetCor Technologies by 45.1% in the 1st quarter. WINTON GROUP Ltd now owns 2,135 shares of the business services provider’s stock valued at $432,000 after purchasing an additional 664 shares during the period. Suntrust Banks Inc. grew its stake in FleetCor Technologies by 58.5% in the 1st quarter. Suntrust Banks Inc. now owns 4,111 shares of the business services provider’s stock valued at $832,000 after purchasing an additional 1,517 shares during the period. Finally, DnB Asset Management AS bought a new position in FleetCor Technologies in the 2nd quarter valued at $2,327,000. Hedge funds and other institutional investors own 98.21% of the company’s stock.
FLT has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on FleetCor Technologies from $238.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. Deutsche Bank reiterated a “buy” rating on shares of FleetCor Technologies in a research note on Thursday, September 27th. Zacks Investment Research downgraded FleetCor Technologies from a “buy” rating to a “sell” rating in a research note on Wednesday, October 3rd. Wolfe Research began coverage on FleetCor Technologies in a research note on Tuesday, July 17th. They set an “outperform” rating for the company. Finally, Citigroup increased their price target on FleetCor Technologies from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, July 20th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $231.40.
FLT stock opened at $199.84 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.82. The firm has a market cap of $16.37 billion, a PE ratio of 25.36, a PEG ratio of 1.14 and a beta of 1.46. FleetCor Technologies, Inc. has a fifty-two week low of $168.50 and a fifty-two week high of $230.24.
FleetCor Technologies (NYSE:FLT) last posted its quarterly earnings results on Tuesday, October 30th. The business services provider reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.02. The company had revenue of $619.60 million during the quarter, compared to the consensus estimate of $609.75 million. FleetCor Technologies had a return on equity of 24.04% and a net margin of 33.01%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.18 EPS. On average, equities analysts forecast that FleetCor Technologies, Inc. will post 9.85 EPS for the current year.
About FleetCor Technologies
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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