Share on StockTwits

FleetCor Technologies (NYSE:FLT) Insider Charles Richard Freund unloaded 52,631 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $131.75, for a total transaction of $6,934,134.25. Following the sale, the insider now directly owns 2,000 shares in the company, valued at approximately $263,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. FleetCor Technologies presently has a consensus rating of “Buy” and a consensus target price of $132.76.

Shares of FleetCor Technologies (NYSE:FLT) traded up 1.30% on Thursday, hitting $132.69. The stock had a trading volume of 187,869 shares. FleetCor Technologies has a 52-week low of $82.14 and a 52-week high of $134.02. The stock’s 50-day moving average is $128.9 and its 200-day moving average is $119.4. The company has a market cap of $11.004 billion and a price-to-earnings ratio of 37.76. FleetCor Technologies also saw a large increase in short interest in June. As of June 13th, there was short interest totalling 855,620 shares, an increase of 69.0% from the May 30th total of 506,251 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average trading volume of 558,077 shares, the days-to-cover ratio is presently 1.5 days.

FleetCor Technologies (NYSE:FLT) last announced its earnings results on Thursday, May 1st. The company reported $1.12 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.90 earnings per share. FleetCor Technologies’s revenue was up 31.1% compared to the same quarter last year. 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.