American International Group Inc. lifted its position in shares of FleetCor Technologies, Inc. (NYSE:FLT) by 169.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,360 shares of the business services provider’s stock after acquiring an additional 2,114 shares during the period. American International Group Inc.’s holdings in FleetCor Technologies were worth $647,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. FNY Partners Fund LP bought a new position in FleetCor Technologies during the third quarter valued at about $125,000. First Personal Financial Services boosted its stake in FleetCor Technologies by 31.4% during the fourth quarter. First Personal Financial Services now owns 1,020 shares of the business services provider’s stock valued at $196,000 after buying an additional 244 shares in the last quarter. IBM Retirement Fund acquired a new position in shares of FleetCor Technologies in the 3rd quarter valued at $211,000. SG Americas Securities LLC acquired a new position in shares of FleetCor Technologies in the 4th quarter valued at $216,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in shares of FleetCor Technologies in the 3rd quarter valued at $217,000. 94.36% of the stock is currently owned by institutional investors and hedge funds.
Shares of FLT stock traded down $4.34 on Monday, reaching $198.16. 446,502 shares of the stock were exchanged, compared to its average volume of 558,990. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.79. FleetCor Technologies, Inc. has a one year low of $121.52 and a one year high of $213.74. The company has a market cap of $18,186.29, a P/E ratio of 25.15, a PEG ratio of 1.28 and a beta of 1.46.
FleetCor Technologies (NYSE:FLT) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $2.42 EPS for the quarter, topping 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 business had revenue of $610.00 million during the quarter, compared to analysts’ expectations of $605.87 million. During the same period in the previous year, the firm earned $1.90 earnings per share. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. equities research analysts anticipate that FleetCor Technologies, Inc. will post 9.6 earnings per share for the current fiscal year.
A number of research firms recently weighed in on FLT. Wells Fargo set a $225.00 price target on FleetCor Technologies and gave the company a “buy” rating in a research report on Wednesday, January 10th. Zacks Investment Research downgraded FleetCor Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Credit Suisse Group increased their price objective on FleetCor Technologies from $209.00 to $211.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Deutsche Bank lifted their price objective on FleetCor Technologies from $185.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, December 5th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $236.00 target price on shares of FleetCor Technologies in a research report on Thursday, February 8th. Three investment 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 company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $209.43.
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About FleetCor Technologies
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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