Insider Selling: FleetCor Technologies Director Unloads 7,000 Shares of Stock (FLT)
FleetCor Technologies (NYSE:FLT) Director Steven T. Stull unloaded 7,000 shares of the stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $145.37, for a total value of $1,017,590.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
FleetCor Technologies (NYSE:FLT) traded up 0.64% on Friday, hitting $143.69. 489,842 shares of the company’s stock traded hands. FleetCor Technologies has a 52 week low of $98.41 and a 52 week high of $149.92. The stock has a 50-day moving average of $136.3 and a 200-day moving average of $125.8. The company has a market cap of $11.962 billion and a price-to-earnings ratio of 39.33.
FleetCor Technologies (NYSE:FLT) last announced its earnings results on Thursday, July 31st. The company reported $1.27 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue 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.
A number of research firms have recently commented on FLT. 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 stock. The stock has an average rating of “Buy” and a consensus 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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