Biltmore Wealth Management LLC decreased its holdings in shares of FleetCor Technologies, Inc. (NYSE:FLT) by 7.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,216 shares of the business services provider’s stock after selling 92 shares during the quarter. Biltmore Wealth Management LLC’s holdings in FleetCor Technologies were worth $350,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also modified their holdings of FLT. Morgan Stanley raised its position in FleetCor Technologies by 3.8% in the 2nd quarter. Morgan Stanley now owns 89,183 shares of the business services provider’s stock valued at $25,047,000 after purchasing an additional 3,254 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of FleetCor Technologies by 9.9% during the 3rd quarter. First Trust Advisors LP now owns 293,885 shares of the business services provider’s stock valued at $84,280,000 after purchasing an additional 26,472 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of FleetCor Technologies by 3.1% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 15,544 shares of the business services provider’s stock valued at $4,366,000 after purchasing an additional 474 shares during the period. Tuttle Tactical Management acquired a new position in shares of FleetCor Technologies in the 3rd quarter valued at approximately $1,526,000. Finally, Rhumbline Advisers increased its stake in FleetCor Technologies by 1.3% during the 3rd quarter. Rhumbline Advisers now owns 142,709 shares of the business services provider’s stock worth $40,926,000 after purchasing an additional 1,894 shares in the last quarter. Institutional investors own 93.47% of the company’s stock.
A number of research analysts recently issued reports on the company. Royal Bank of Canada assumed coverage on FleetCor Technologies in a report on Monday, October 7th. They set a “sector perform” rating and a $324.00 price objective for the company. Raymond James assumed coverage on FleetCor Technologies in a research note on Monday, September 30th. They issued a “market perform” rating and a $314.00 target price on the stock. SunTrust Banks reaffirmed a “buy” rating and set a $345.00 price target (up previously from $320.00) on shares of FleetCor Technologies in a research report on Thursday, October 10th. ValuEngine cut shares of FleetCor Technologies from a “hold” rating to a “sell” rating in a research note on Friday, January 3rd. Finally, Deutsche Bank lifted their price objective on shares of FleetCor Technologies from $316.00 to $362.00 and gave the company a “buy” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. FleetCor Technologies currently has an average rating of “Hold” and a consensus target price of $287.06.
Shares of NYSE:FLT traded down $0.64 during trading on Friday, hitting $308.33. 7,585 shares of the company were exchanged, compared to its average volume of 1,044,418. The stock has a market cap of $26.65 billion, a price-to-earnings ratio of 31.04, a P/E/G ratio of 1.47 and a beta of 1.08. FleetCor Technologies, Inc. has a fifty-two week low of $190.24 and a fifty-two week high of $315.75. The firm has a fifty day moving average price of $296.94 and a two-hundred day moving average price of $293.05. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.85.
FleetCor Technologies (NYSE:FLT) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported $3.10 EPS for the quarter, beating the consensus estimate of $2.90 by $0.20. The company had revenue of $681.00 million during the quarter, compared to the consensus estimate of $679.68 million. FleetCor Technologies had a return on equity of 26.81% and a net margin of 37.08%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.68 EPS. As a group, research analysts predict that FleetCor Technologies, Inc. will post 11.22 EPS for the current year.
In other FleetCor Technologies news, insider Eales John bought 2,000 shares of FleetCor Technologies stock in a transaction dated Monday, November 11th. The stock was bought at an average cost of $39.79 per share, for a total transaction of $79,572.00. Also, insider Garnsey Colette bought 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average cost of $40.66 per share, for a total transaction of $50,825.00. 5.70% of the stock is currently owned by insiders.
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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