Aviva PLC reduced its stake in shares of FleetCor Technologies, Inc. (NYSE:FLT) by 23.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 32,849 shares of the business services provider’s stock after selling 10,103 shares during the period. Aviva PLC’s holdings in FleetCor Technologies were worth $6,101,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Capital Investment Advisory Services LLC bought a new position in shares of FleetCor Technologies in the fourth quarter valued at approximately $25,000. Lindbrook Capital LLC bought a new position in shares of FleetCor Technologies in the fourth quarter valued at approximately $28,000. AdvisorNet Financial Inc bought a new position in shares of FleetCor Technologies in the fourth quarter valued at approximately $53,000. Bremer Trust National Association bought a new position in shares of FleetCor Technologies in the fourth quarter valued at approximately $94,000. Finally, Advisors Asset Management Inc. bought a new position in shares of FleetCor Technologies in the third quarter valued at approximately $107,000. 67.39% of the stock is owned by hedge funds and other institutional investors.
Get FleetCor Technologies alerts:FleetCor Technologies stock opened at $227.82 on Friday. FleetCor Technologies, Inc. has a 12 month low of $172.18 and a 12 month high of $234.98. The company has a current ratio of 0.86, a quick ratio of 0.92 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $27.99 billion, a P/E ratio of 22.94, a PEG ratio of 1.30 and a beta of 1.29.
FleetCor Technologies (NYSE:FLT) last posted its quarterly earnings data on Wednesday, February 6th. The business services provider reported $2.64 EPS for the quarter, missing the consensus estimate of $2.72 by ($0.08). FleetCor Technologies had a net margin of 33.35% and a return on equity of 25.73%. The firm had revenue of $643.40 million during the quarter, compared to analysts’ expectations of $620.45 million. During the same quarter in the previous year, the company posted $2.42 EPS. FleetCor Technologies’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts predict that FleetCor Technologies, Inc. will post 11.01 earnings per share for the current year.
Several equities analysts have recently issued reports on FLT shares. BTIG Research started coverage on FleetCor Technologies in a report on Thursday, January 17th. They issued a “buy” rating and a $253.00 target price for the company. SunTrust Banks upped their target price on FleetCor Technologies from $240.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, February 19th. Deutsche Bank reduced their target price on FleetCor Technologies to $212.00 and set a “buy” rating for the company in a report on Tuesday, December 18th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $214.00 target price on shares of FleetCor Technologies in a report on Monday, January 7th. Finally, ValuEngine raised FleetCor Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $235.73.
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FleetCor Technologies Profile
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.
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