Baird Financial Group Inc. boosted its stake in FleetCor Technologies, Inc. (NYSE:FLT) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,116 shares of the company’s stock after buying an additional 1,152 shares during the period. Baird Financial Group Inc.’s holdings in FleetCor Technologies were worth $9,074,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mn Services Vermogensbeheer B.V. boosted its position in shares of FleetCor Technologies by 1.4% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 2,372 shares of the company’s stock worth $412,000 after buying an additional 32 shares during the last quarter. Advisor Group Inc. boosted its position in shares of FleetCor Technologies by 0.8% in the third quarter. Advisor Group Inc. now owns 4,474 shares of the company’s stock worth $750,000 after buying an additional 34 shares during the last quarter. Pitcairn Co. boosted its position in shares of FleetCor Technologies by 0.4% in the fourth quarter. Pitcairn Co. now owns 12,965 shares of the company’s stock worth $1,835,000 after buying an additional 57 shares during the last quarter. OLD National Bancorp IN boosted its position in shares of FleetCor Technologies by 0.9% in the third quarter. OLD National Bancorp IN now owns 8,463 shares of the company’s stock worth $1,470,000 after buying an additional 72 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of FleetCor Technologies by 0.3% in the third quarter. Hsbc Holdings PLC now owns 21,594 shares of the company’s stock worth $3,751,000 after buying an additional 72 shares during the last quarter. 93.73% of the stock is owned by hedge funds and other institutional investors.
FleetCor Technologies, Inc. (NYSE:FLT) traded down 0.54% during trading on Tuesday, hitting $167.34. The stock had a trading volume of 328,584 shares. The company has a market cap of $15.37 billion, a price-to-earnings ratio of 35.23 and a beta of 1.24. FleetCor Technologies, Inc. has a 52 week low of $112.63 and a 52 week high of $176.42. The company has a 50-day moving average of $149.83 and a 200 day moving average of $158.31.
FleetCor Technologies (NYSE:FLT) last posted its earnings results on Wednesday, February 8th. The company reported $1.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.03. FleetCor Technologies had a return on equity of 19.67% and a net margin of 24.53%. The company had revenue of $515 million for the quarter, compared to analyst estimates of $502.73 million. During the same quarter last year, the company earned $1.70 earnings per share. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. On average, equities research analysts anticipate that FleetCor Technologies, Inc. will post $8.25 EPS for the current year.
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FLT has been the subject of a number of analyst reports. Jefferies Group LLC reissued a “buy” rating and set a $200.00 price objective on shares of FleetCor Technologies in a report on Sunday, October 23rd. Deutsche Bank AG reissued a “buy” rating on shares of FleetCor Technologies in a report on Wednesday, November 2nd. SunTrust Banks, Inc. set a $200.00 price objective on FleetCor Technologies and gave the company a “buy” rating in a report on Wednesday, November 2nd. Zacks Investment Research cut FleetCor Technologies from a “buy” rating to a “hold” rating in a report on Monday, November 7th. Finally, Wells Fargo & Company raised FleetCor Technologies from a “market perform” rating to an “outperform” rating in a report on Friday, November 18th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. FleetCor Technologies presently has a consensus rating of “Buy” and an average target price of $176.14.
In other news, CEO David D. Maxsimic sold 1,270 shares of the firm’s stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $150.11, for a total value of $190,639.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 4.30% of the stock is owned by company insiders.
FleetCor Technologies Company Profile
FleetCor Technologies, Inc is an independent global provider of fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand.
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