Gulf International Bank UK Ltd Has $6.52 Million Position in FleetCor Technologies, Inc. (FLT)

Gulf International Bank UK Ltd lifted its position in shares of FleetCor Technologies, Inc. (NYSE:FLT) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,624 shares of the business services provider’s stock after acquiring an additional 600 shares during the period. Gulf International Bank UK Ltd’s holdings in FleetCor Technologies were worth $6,521,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. American Century Companies Inc. boosted its stake in shares of FleetCor Technologies by 28.9% during the 3rd quarter. American Century Companies Inc. now owns 673,345 shares of the business services provider’s stock worth $153,415,000 after acquiring an additional 151,077 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of FleetCor Technologies by 3.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 8,707 shares of the business services provider’s stock worth $1,984,000 after acquiring an additional 260 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of FleetCor Technologies by 694.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 2,089 shares of the business services provider’s stock worth $476,000 after acquiring an additional 1,826 shares during the last quarter. Commerce Bank boosted its stake in shares of FleetCor Technologies by 31.8% during the 3rd quarter. Commerce Bank now owns 8,299 shares of the business services provider’s stock worth $1,891,000 after acquiring an additional 2,004 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of FleetCor Technologies by 0.9% during the 3rd quarter. Wells Fargo & Company MN now owns 686,436 shares of the business services provider’s stock worth $156,399,000 after acquiring an additional 5,855 shares during the last quarter. 98.08% of the stock is owned by institutional investors.

FLT opened at $199.82 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.88 and a current ratio of 0.92. FleetCor Technologies, Inc. has a fifty-two week low of $174.31 and a fifty-two week high of $230.24. The firm has a market cap of $18.05 billion, a P/E ratio of 21.48, a PEG ratio of 1.26 and a beta of 1.51.

FleetCor Technologies (NYSE:FLT) last released its earnings results on Tuesday, October 30th. The business services provider reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.02. FleetCor Technologies had a net margin of 33.01% and a return on equity of 24.22%. The company had revenue of $619.60 million for the quarter, compared to analysts’ expectations of $609.75 million. During the same quarter in the previous year, the company earned $2.18 EPS. FleetCor Technologies’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities analysts expect that FleetCor Technologies, Inc. will post 9.85 earnings per share for the current year.

Several research analysts have recently weighed in on FLT shares. Deutsche Bank reiterated a “buy” rating on shares of FleetCor Technologies in a research note on Thursday, September 27th. Zacks Investment Research upgraded shares of FleetCor Technologies from a “hold” rating to a “buy” rating and set a $249.00 price target on the stock in a research note on Tuesday, September 25th. Morgan Stanley lifted their price target on shares of FleetCor Technologies from $238.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, August 3rd. Citigroup lifted their price target on shares of FleetCor Technologies from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, July 20th. Finally, ValuEngine cut shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 2nd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $234.89.

COPYRIGHT VIOLATION NOTICE: This piece was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/11/10/gulf-international-bank-uk-ltd-has-6-52-million-position-in-fleetcor-technologies-inc-flt.html.

About FleetCor Technologies

FleetCor Technologies, Inc provides commercial payment solutions in North America, Latin America, Europe, and Australasia. The company offers fuel payment solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers. Its fuel payment products are in the form of plastic cards, electronic RFID tags, and paper vouchers to purchase fuel, oil, vehicle maintenance supplies and services, and building supplies.

Featured Story: Is the Dow Jones Industrial Average (DJIA) still relevant?

Institutional Ownership by Quarter for FleetCor Technologies (NYSE:FLT)

Receive News & Ratings for FleetCor Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FleetCor Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply