FleetCor Technologies VP John Coughlin Sells 17,575 Shares (FLT)
FleetCor Technologies (NYSE:FLT) VP John Coughlin sold 17,575 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $115.85, for a total value of $2,036,063.75. Following the completion of the transaction, the vice president now directly owns 27,230 shares in the company, valued at approximately $3,154,596. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of FleetCor Technologies (NYSE:FLT) traded up 0.33% on Thursday, hitting $116.53. The stock had a trading volume of 624,604 shares. FleetCor Technologies has a 1-year low of $65.82 and a 1-year high of $123.96. The stock has a 50-day moving average of $111.7 and a 200-day moving average of $110.1. The company has a market cap of $9.610 billion and a P/E ratio of 34.57.
FleetCor Technologies (NYSE:FLT) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.06 by $0.02. The company had revenue of $255.50 million for the quarter, compared to the consensus estimate of $240.20 million. During the same quarter last year, the company posted $0.82 earnings per share. FleetCor Technologies’s revenue was up 26.1% compared to the same quarter last year. On average, analysts predict that FleetCor Technologies will post $4.96 earnings per share for the current fiscal year.
Separately, analysts at Zacks downgraded shares of FleetCor Technologies from an “outperform” rating to a “neutral” rating in a research note on Tuesday, December 31st. They now have a $126.30 price target on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $114.55.
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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