Insider Selling: William Schmit Unloads 1,910 Shares of FleetCor Technologies Stock (FLT)
FleetCor Technologies (NYSE:FLT) Insider William Schmit sold 1,910 shares of the stock on the open market in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $104.34, for a total value of $199,289.40. Following the completion of the transaction, the insider now directly owns 9,346 shares in the company, valued at approximately $975,162. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
FLT has been the subject of a number of recent research reports. 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. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. FleetCor Technologies currently has an average rating of “Hold” and an average price target of $107.04.
Shares of FleetCor Technologies (NYSE:FLT) traded up 3.54% on Thursday, hitting $110.12. 1,348,876 shares of the company’s stock traded hands. FleetCor Technologies has a 52-week low of $59.27 and a 52-week high of $123.96. The stock’s 50-day moving average is $113. and its 200-day moving average is $108.3. The company has a market cap of $9.057 billion and a price-to-earnings ratio of 32.65.
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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