Insider Selling: Timothy Downs Sells 3,700 Shares of FleetCor Technologies Stock (FLT)
FleetCor Technologies (NYSE:FLT) Insider Timothy Downs sold 3,700 shares of FleetCor Technologies stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $130.12, for a total transaction of $481,444.00. Following the transaction, the insider now directly owns 17,756 shares in the company, valued at approximately $2,310,411. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of FleetCor Technologies (NYSE:FLT) traded up 0.40% during mid-day trading on Thursday, hitting $131.77. 589,135 shares of the company’s stock traded hands. FleetCor Technologies has a 52-week low of $80.28 and a 52-week high of $132.22. The stock’s 50-day moving average is $122. and its 200-day moving average is $118.0. The company has a market cap of $10.928 billion and a P/E ratio of 37.83.
FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.90 earnings per share. The company’s quarterly revenue was up 31.1% on a year-over-year basis. On average, analysts predict that FleetCor Technologies will post $5.04 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating and four have given a buy rating to the company. FleetCor Technologies currently has an average rating of “Buy” and an average price target of $132.76.
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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