FleetCor Technologies Insider Sells $2,887,254 in Stock (FLT)
FleetCor Technologies (NYSE:FLT) Insider William Schmit sold 21,968 shares of FleetCor Technologies stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $131.43, for a total value of $2,887,254.24. Following the completion of the transaction, the insider now directly owns 9,346 shares in the company, valued at approximately $1,228,345. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on FLT. 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $132.76.
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 has a 50-day moving average of $128.9 and a 200-day moving average of $119.4. The company has a market cap of $11.004 billion and a price-to-earnings ratio of 37.76. FleetCor Technologies also was the target of a significant increase in short interest in the month of 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 shares of the company are short sold. Based on an average daily trading volume, of 558,077 shares, the short-interest ratio is currently 1.5 days.
FleetCor Technologies (NYSE:FLT) last released its earnings data 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.
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