Maple Rock Capital Partners Inc. acquired a new position in FleetCor Technologies, Inc. (NYSE:FLT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 100,000 shares of the business services provider’s stock, valued at approximately $19,243,000. FleetCor Technologies comprises approximately 6.4% of Maple Rock Capital Partners Inc.’s investment portfolio, making the stock its 10th largest position. Maple Rock Capital Partners Inc. owned 0.11% of FleetCor Technologies as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. FNY Partners Fund LP acquired a new stake in FleetCor Technologies during the 3rd quarter worth $125,000. First Personal Financial Services grew its holdings in FleetCor Technologies by 31.4% during the 4th quarter. First Personal Financial Services now owns 1,020 shares of the business services provider’s stock worth $196,000 after acquiring an additional 244 shares during the period. Lombard Odier Asset Management Europe Ltd acquired a new stake in FleetCor Technologies during the 4th quarter worth $207,000. SG Americas Securities LLC acquired a new stake in FleetCor Technologies during the 4th quarter worth $216,000. Finally, Cigna Investments Inc. New acquired a new stake in FleetCor Technologies during the 4th quarter worth $222,000. Hedge funds and other institutional investors own 94.36% of the company’s stock.
A number of research firms have commented on FLT. Zacks Investment Research lowered shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th. Morgan Stanley lifted their target price on shares of FleetCor Technologies from $194.00 to $232.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. SunTrust Banks set a $240.00 target price on shares of FleetCor Technologies and gave the stock a “buy” rating in a report on Monday, February 5th. Credit Suisse Group lifted their target price on shares of FleetCor Technologies from $186.00 to $206.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Finally, Oppenheimer lifted their target price on shares of FleetCor Technologies from $194.00 to $247.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. FleetCor Technologies currently has a consensus rating of “Buy” and an average price target of $209.21.
FleetCor Technologies (NYSE:FLT) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.09. FleetCor Technologies had a net margin of 32.90% and a return on equity of 21.15%. The company had revenue of $610.00 million during the quarter, compared to analyst estimates of $605.87 million. During the same quarter in the previous year, the business earned $1.90 EPS. The firm’s revenue was up 18.4% on a year-over-year basis. sell-side analysts expect that FleetCor Technologies, Inc. will post 9.59 earnings per share for the current fiscal year.
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FleetCor Technologies Profile
FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.
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