Insider Selling: Andrew Blazye Unloads 2,975 Shares of FleetCor Technologies Stock (FLT)
FleetCor Technologies (NYSE:FLT) CEO Andrew Blazye unloaded 2,975 shares of FleetCor Technologies stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $130.91, for a total value of $389,457.25. Following the sale, the chief executive officer now directly owns 14,775 shares in the company, valued at approximately $1,934,195. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on FLT shares. Analysts at Jefferies Group raised their price target on shares of FleetCor Technologies from $139.00 to $149.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of FleetCor Technologies in a research note on Friday, August 1st. They now have a $155.00 price target on the stock, up previously from $150.00. Finally, analysts at Piper Jaffray initiated coverage on shares of FleetCor Technologies in a research note on Wednesday, July 16th. They set a “neutral” rating and a $134.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $134.91.
FleetCor Technologies (NYSE:FLT) traded down 1.62% during mid-day trading on Wednesday, hitting $130.05. 542,417 shares of the company’s stock traded hands. FleetCor Technologies has a one year low of $96.04 and a one year high of $138.19. The stock has a 50-day moving average of $131.8 and a 200-day moving average of $122.0. The company has a market cap of $10.801 billion and a P/E ratio of 36.42.
FleetCor Technologies (NYSE:FLT) last announced its earnings results on Thursday, July 31st. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.02. The company had revenue of $273.50 million for the quarter, compared to the consensus estimate of $273.70 million. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was up 23.8% on a year-over-year basis. Analysts expect that FleetCor Technologies will post $5.09 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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