Caisse DE Depot ET Placement DU Quebec cut its holdings in shares of FleetCor Technologies, Inc. (NYSE:FLT) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,100 shares of the business services provider’s stock after selling 300 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in FleetCor Technologies were worth $2,906,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Davidson Kempner Capital Management LP acquired a new position in shares of FleetCor Technologies during the third quarter worth approximately $11,608,000. California Public Employees Retirement System lifted its holdings in shares of FleetCor Technologies by 4.5% during the third quarter. California Public Employees Retirement System now owns 170,177 shares of the business services provider’s stock worth $26,338,000 after buying an additional 7,377 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of FleetCor Technologies by 31.2% during the third quarter. Ameriprise Financial Inc. now owns 1,701,521 shares of the business services provider’s stock worth $263,344,000 after buying an additional 404,670 shares during the last quarter. Kensico Capital Management Corp lifted its holdings in shares of FleetCor Technologies by 52.5% during the third quarter. Kensico Capital Management Corp now owns 450,000 shares of the business services provider’s stock worth $69,647,000 after buying an additional 155,000 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in shares of FleetCor Technologies during the fourth quarter worth approximately $847,000. Institutional investors own 94.36% of the company’s stock.
FLT has been the subject of a number of research analyst reports. Credit Suisse Group upped their price target on FleetCor Technologies from $209.00 to $211.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Zacks Investment Research cut FleetCor Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Wells Fargo & Co set a $225.00 price objective on FleetCor Technologies and gave the company a “buy” rating in a research report on Wednesday, January 10th. Deutsche Bank boosted their price objective on FleetCor Technologies from $185.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. Finally, Morgan Stanley boosted their price objective on FleetCor Technologies from $194.00 to $232.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. FleetCor Technologies 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 for the quarter, beating analysts’ consensus estimates of $2.33 by $0.09. FleetCor Technologies had a return on equity of 21.15% and a net margin of 32.90%. The firm had revenue of $610.00 million for the quarter, compared to analysts’ expectations of $605.87 million. During the same period in the prior year, the business posted $1.90 earnings per share. The business’s revenue was up 18.4% compared to the same quarter last year. equities research analysts anticipate that FleetCor Technologies, Inc. will post 9.59 EPS for the current fiscal year.
FleetCor Technologies Company 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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