Valley Brook Capital Group Purchases New Position in FLEETCOR Technologies, Inc. (NYSE:FLT)


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Valley Brook Capital Group purchased a new stake in FLEETCOR Technologies, Inc. (NYSE:FLT) in the 4th quarter, HoldingsChannel reports. The fund purchased 250 shares of the business services provider’s stock, valued at approximately $68,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ellevest Inc. increased its holdings in FLEETCOR Technologies by 138.3% in the 4th quarter. Ellevest Inc. now owns 112 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 65 shares in the last quarter. Leverage Partners Absolute Return Fund SPC acquired a new stake in FLEETCOR Technologies in the 4th quarter valued at $327,000. Regent Peak Wealth Advisors LLC acquired a new stake in shares of FLEETCOR Technologies during the fourth quarter valued at about $41,000. Tompkins Financial Corp acquired a new stake in shares of FLEETCOR Technologies during the fourth quarter valued at about $29,000. Finally, Childress Capital Advisors LLC acquired a new stake in shares of FLEETCOR Technologies during the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Several analysts have recently weighed in on the company. Credit Suisse Group raised their target price on FLEETCOR Technologies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, February 5th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded FLEETCOR Technologies from a “neutral” rating to a “buy” rating and set a $310.00 target price for the company in a research note on Thursday, April 1st. Susquehanna Bancshares lifted their price target on FLEETCOR Technologies from $305.00 to $350.00 and gave the stock a “positive” rating in a research note on Thursday, April 1st. Citigroup upgraded FLEETCOR Technologies from a “neutral” rating to a “buy” rating and set a $310.00 price target for the company in a research note on Thursday, April 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on FLEETCOR Technologies from $305.00 to $328.00 and gave the stock a “buy” rating in a research note on Friday, February 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have given a buy rating to the company. FLEETCOR Technologies has an average rating of “Buy” and an average price target of $292.65.

FLT opened at $281.27 on Thursday. The business’s 50 day moving average is $279.52 and its 200-day moving average is $262.74. The stock has a market cap of $23.46 billion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 2.49 and a beta of 1.50. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.08. FLEETCOR Technologies, Inc. has a twelve month low of $203.18 and a twelve month high of $292.70.

FLEETCOR Technologies (NYSE:FLT) last released its quarterly earnings results on Thursday, February 4th. The business services provider reported $3.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.81 by $0.20. The company had revenue of $617.33 million for the quarter, compared to analysts’ expectations of $603.81 million. FLEETCOR Technologies had a return on equity of 30.65% and a net margin of 29.55%. During the same quarter in the previous year, the company posted $3.17 earnings per share. As a group, analysts forecast that FLEETCOR Technologies, Inc. will post 10.46 EPS for the current year.

FLEETCOR Technologies Profile

FLEETCOR Technologies, Inc operates as a business payments company that simplifies the way businesses manage and pay expenses. The company's portfolio of brands help companies automate, secure, digitize, and control payments on behalf of employees and suppliers. It offers payment solutions in five primary categories, including fuel, lodging, tolls, corporate payments, and gift.

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

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