FleetCor Technologies, Inc. (NYSE:FLT) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $188.30 and last traded at $184.48, with a volume of 709100 shares. The stock had previously closed at $183.87.
FLT has been the topic of a number of analyst reports. Morgan Stanley increased their price objective on shares of FleetCor Technologies from $184.00 to $189.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Zacks Investment Research downgraded shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. SunTrust Banks set a $180.00 price target on shares of FleetCor Technologies and gave the company a “buy” rating in a research note on Tuesday, October 24th. Credit Suisse Group restated an “outperform” rating on shares of FleetCor Technologies in a research note on Tuesday, September 5th. Finally, Jefferies Group restated a “buy” rating and issued a $197.00 price target on shares of FleetCor Technologies in a research note on Saturday, September 16th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $187.31.
The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $16,467.54, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 1.34 and a beta of 1.53.
In related news, insider Kurt Patrick Adams sold 7,099 shares of FleetCor Technologies stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $170.00, for a total transaction of $1,206,830.00. Following the sale, the insider now directly owns 9,246 shares in the company, valued at approximately $1,571,820. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.30% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. Commonwealth Bank of Australia boosted its position in FleetCor Technologies by 13.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 740 shares of the business services provider’s stock worth $105,000 after buying an additional 85 shares during the period. First Personal Financial Services boosted its position in FleetCor Technologies by 49.9% during the 2nd quarter. First Personal Financial Services now owns 790 shares of the business services provider’s stock worth $114,000 after buying an additional 263 shares during the period. Fiduciary Trust Co. acquired a new stake in FleetCor Technologies during the 2nd quarter worth approximately $115,000. FNY Partners Fund LP acquired a new stake in FleetCor Technologies during the 3rd quarter worth approximately $125,000. Finally, Toronto Dominion Bank boosted its position in FleetCor Technologies by 11.1% during the 2nd quarter. Toronto Dominion Bank now owns 1,128 shares of the business services provider’s stock worth $163,000 after buying an additional 113 shares during the period. Institutional investors and hedge funds own 95.76% of the company’s stock.
FleetCor Technologies Company Profile
FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.
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