Atria Investments LLC raised its stake in shares of Fleetcor (NYSE:FLT) by 105.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,407 shares of the business services provider’s stock after purchasing an additional 1,750 shares during the quarter. Atria Investments LLC’s holdings in Fleetcor were worth $690,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors acquired a new position in Fleetcor during the 4th quarter valued at approximately $156,000. First Personal Financial Services increased its stake in shares of Fleetcor by 31.4% in the fourth quarter. First Personal Financial Services now owns 1,020 shares of the business services provider’s stock worth $196,000 after acquiring an additional 244 shares during the period. Checchi Capital Advisers LLC acquired a new stake in shares of Fleetcor in the first quarter worth $215,000. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Fleetcor in the fourth quarter worth $207,000. Finally, HBK Sorce Advisory LLC acquired a new stake in shares of Fleetcor in the fourth quarter worth $211,000. Institutional investors and hedge funds own 94.26% of the company’s stock.
Shares of Fleetcor opened at $205.50 on Friday, according to Marketbeat.com. Fleetcor has a 1 year low of $202.18 and a 1 year high of $202.92. The firm has a market cap of $18.23 billion, a P/E ratio of 26.08, a PEG ratio of 1.26 and a beta of 1.46. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74.
Fleetcor (NYSE:FLT) last announced its quarterly earnings results on Thursday, May 3rd. The business services provider reported $2.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.37 by $0.13. The firm had revenue of $585.50 million for the quarter, compared to the consensus estimate of $602.46 million. Fleetcor had a net margin of 34.19% and a return on equity of 21.87%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.96 earnings per share. research analysts anticipate that Fleetcor will post 9.78 EPS for the current year.
FLT has been the topic of a number of research reports. Morgan Stanley increased their price objective on shares of Fleetcor from $194.00 to $232.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Zacks Investment Research lowered shares of Fleetcor from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. SunTrust Banks set a $240.00 price objective on shares of Fleetcor and gave the stock a “buy” rating in a research note on Monday, February 5th. Oppenheimer increased their price objective on shares of Fleetcor from $194.00 to $247.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $236.00 price objective on shares of Fleetcor in a research note on Thursday, February 8th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $222.09.
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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