FleetCor Technologies VP Sells $744,180 in Stock (FLT)
FleetCor Technologies (NYSE:FLT) VP John Coughlin unloaded 6,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $124.03, for a total transaction of $744,180.00. Following the transaction, the vice president now directly owns 330 shares of the company’s stock, valued at approximately $40,930. The transaction was disclosed in a legal filing 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 Raymond James reiterated an “outperform” rating on shares of FleetCor Technologies in a research note on Friday, May 2nd. They now have a $125.00 price target on the stock. Separately, analysts at Evercore Partners raised their price target on shares of FleetCor Technologies to $156.00 in a research note on Friday, May 2nd. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of FleetCor Technologies in a research note on Thursday, April 24th. They now have a $139.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $132.76.
FleetCor Technologies (NYSE:FLT) traded down 1.44% during mid-day trading on Wednesday, hitting $122.46. 380,597 shares of the company’s stock traded hands. FleetCor Technologies has a one year low of $80.09 and a one year high of $132.22. The stock’s 50-day moving average is $115.4 and its 200-day moving average is $116.. The company has a market cap of $10.156 billion and a price-to-earnings ratio of 35.82.
FleetCor Technologies (NYSE:FLT) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.05. The company had revenue of $253.90 million for the quarter, compared to the consensus estimate of $242.61 million. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. Analysts expect that FleetCor Technologies will post $5.04 EPS 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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