Caisse DE Depot ET Placement DU Quebec lowered its holdings in FleetCor Technologies, Inc. (NYSE:FLT) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,100 shares of the business services provider’s stock after selling 300 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in FleetCor Technologies were worth $2,906,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Davidson Kempner Capital Management LP acquired a new position in FleetCor Technologies in the third quarter worth $11,608,000. California Public Employees Retirement System boosted its stake in FleetCor Technologies by 4.5% in the third quarter. California Public Employees Retirement System now owns 170,177 shares of the business services provider’s stock worth $26,338,000 after purchasing an additional 7,377 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in FleetCor Technologies by 31.2% in the third quarter. Ameriprise Financial Inc. now owns 1,701,521 shares of the business services provider’s stock worth $263,344,000 after purchasing an additional 404,670 shares in the last quarter. Kensico Capital Management Corp boosted its stake in FleetCor Technologies by 52.5% in the third quarter. Kensico Capital Management Corp now owns 450,000 shares of the business services provider’s stock worth $69,647,000 after purchasing an additional 155,000 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in FleetCor Technologies in the fourth quarter worth $847,000. 94.36% of the stock is currently owned by institutional investors.
FleetCor Technologies, Inc. (FLT) opened at $207.80 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.87 and a current ratio of 0.87. FleetCor Technologies, Inc. has a one year low of $121.52 and a one year high of $213.74. The stock has a market capitalization of $18,600.00, a price-to-earnings ratio of 31.73, a PEG ratio of 1.32 and a beta of 1.52.
A number of equities analysts have commented on the company. Zacks Investment Research lowered FleetCor Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Wells Fargo & Co set a $225.00 price objective on FleetCor Technologies and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $236.00 price objective on shares of FleetCor Technologies in a research note on Thursday, February 8th. Credit Suisse Group boosted their price objective on FleetCor Technologies from $186.00 to $206.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Finally, Oppenheimer boosted their price objective on FleetCor Technologies from $194.00 to $247.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $209.21.
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FleetCor Technologies 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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