FleetCor Technologies VP John Coughlin Sells 34,619 Shares (FLT)
FleetCor Technologies (NYSE:FLT) VP John Coughlin unloaded 34,619 shares of the company’s stock on the open market in a transaction dated Thursday, August 21st. The stock was sold at an average price of $137.05, for a total value of $4,744,533.95. Following the transaction, the vice president now directly owns 330 shares of the company’s stock, valued at approximately $45,227. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
FleetCor Technologies (NYSE:FLT) traded down 0.17% during mid-day trading on Monday, hitting $147.86. The stock had a trading volume of 1,190,784 shares. FleetCor Technologies has a 52 week low of $98.41 and a 52 week high of $149.92. The stock’s 50-day moving average is $134.7 and its 200-day moving average is $124.8. The company has a market cap of $12.309 billion and a price-to-earnings ratio of 40.80.
FleetCor Technologies (NYSE:FLT) last posted its quarterly 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.
FLT has been the subject of a number of recent research reports. 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, August 4th. 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. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $143.00.
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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