FleetCor Technologies Insider Charles Richard Freund Sells 75,000 Shares (FLT)
FleetCor Technologies (NYSE:FLT) Insider Charles Richard Freund sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $114.13, for a total value of $8,559,750.00. Following the completion of the transaction, the insider now directly owns 5,000 shares in the company, valued at approximately $570,650. The sale was disclosed in a legal filing with the SEC, which is available at this link.
FleetCor Technologies (NYSE:FLT) traded up 1.03% during mid-day trading on Thursday, hitting $118.38. 1,334,450 shares of the company’s stock traded hands. FleetCor Technologies has a 52 week low of $54.10 and a 52 week high of $123.96. The stock has a 50-day moving average of $118.6 and a 200-day moving average of $104.. The company has a market cap of $9.737 billion and a P/E ratio of 35.96.
FleetCor Technologies (NYSE:FLT) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.10. The company had revenue of $225.20 million for the quarter, compared to the consensus estimate of $216.32 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. The company’s quarterly revenue was up 20.5% on a year-over-year basis.
A number of research firms have recently commented on FLT. Analysts at Zacks downgraded shares of FleetCor Technologies from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $126.30 price target on the stock. Finally, analysts at Barclays raised their price target on shares of FleetCor Technologies from $120.00 to $125.00 in a research note to investors on Thursday, October 31st. They now have an “overweight” rating on the stock. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $101.04.
FleetCor Technologies, Inc, is an independent global provider of fuel cards and workforce payment products and services to businesses, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America and Europe.
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