Insider Selling: FleetCor Technologies CEO Sells 1,475 Shares of Stock (FLT)
FleetCor Technologies (NYSE:FLT) CEO Andrew Blazye unloaded 1,475 shares of the company’s stock on the open market in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $102.15, for a total value of $150,671.25. Following the completion of the transaction, the chief executive officer now directly owns 27,775 shares of the company’s stock, valued at approximately $2,837,216. The sale was disclosed in a legal filing with the SEC, which is available at this link.
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, December 31st. 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. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. FleetCor Technologies currently has an average rating of “Hold” and an average price target of $107.04.
FleetCor Technologies (NYSE:FLT) traded down 3.33% on Monday, hitting $101.69. The stock had a trading volume of 1,573,872 shares. FleetCor Technologies has a 1-year low of $58.79 and a 1-year high of $123.96. The stock’s 50-day moving average is $114.5 and its 200-day moving average is $108.. The company has a market cap of $8.364 billion and a P/E ratio of 32.29.
FleetCor Technologies (NYSE:FLT) last released its earnings data on Wednesday, October 30th. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that FleetCor Technologies will post $4.03 earnings per share for the current fiscal year.
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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