The Candriam Luxembourg S.C.A. Purchases Shares of 3,002 FleetCor Technologies Inc. (FLT)

The Candriam Luxembourg S.C.A. Purchases Shares of 3,002 FleetCor Technologies Inc. (FLT)

Candriam Luxembourg S.C.A. acquired a new position in FleetCor Technologies Inc. (NYSE:FLT) during the second quarter, Holdings Channel reports. The institutional investor acquired 3,002 shares of the company’s stock, valued at approximately $430,000.

Other institutional investors have also recently made changes to their positions in the company. Checchi Capital Advisers LLC increased its position in shares of FleetCor Technologies by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 776 shares of the company’s stock worth $111,000 after buying an additional 15 shares during the last quarter. Parametric Risk Advisors LLC bought a new position in FleetCor Technologies during the first quarter worth $142,000. Atria Investments LLC bought a new position in FleetCor Technologies during the second quarter worth $212,000. Hartford Investment Management Co. boosted its position in FleetCor Technologies by 24.0% in the second quarter. Hartford Investment Management Co. now owns 1,882 shares of the company’s stock worth $269,000 after buying an additional 364 shares during the period. Finally, LS Investment Advisors LLC boosted its position in FleetCor Technologies by 31.4% in the second quarter. LS Investment Advisors LLC now owns 1,881 shares of the company’s stock worth $269,000 after buying an additional 450 shares during the period. Institutional investors own 92.15% of the company’s stock.

Shares of FleetCor Technologies Inc. (NYSE:FLT) traded up 0.53% on Wednesday, hitting $171.97. 361,449 shares of the stock traded hands. FleetCor Technologies Inc. has a one year low of $107.56 and a one year high of $174.96. The stock has a market cap of $15.92 billion, a price-to-earnings ratio of 41.23 and a beta of 1.24. The company’s 50 day moving average is $168.58 and its 200 day moving average is $155.23.

FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings data on Thursday, August 4th. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.02. FleetCor Technologies had a net margin of 22.97% and a return on equity of 18.16%. The business had revenue of $417.90 million for the quarter, compared to analysts’ expectations of $415.20 million. During the same period in the previous year, the business earned $1.48 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts forecast that FleetCor Technologies Inc. will post $6.86 EPS for the current year.

A number of research firms have recently weighed in on FLT. Barclays PLC upped their price target on shares of FleetCor Technologies from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, August 5th. Zacks Investment Research cut shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. JPMorgan Chase & Co. raised shares of FleetCor Technologies from a “neutral” rating to an “overweight” rating and set a $159.00 price target on the stock in a research note on Tuesday, July 12th. Deutsche Bank AG upped their price target on shares of FleetCor Technologies from $161.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Finally, Morgan Stanley set a $170.00 price target on shares of FleetCor Technologies and gave the stock a “buy” rating in a research note on Friday, August 5th. 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 stock presently has an average rating of “Buy” and an average target price of $171.00.

In other FleetCor Technologies news, Director Joseph W. Farrelly sold 1,200 shares of the business’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $168.73, for a total value of $202,476.00. Following the sale, the director now directly owns 3,224 shares in the company, valued at $543,985.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ronald Clarke sold 243,617 shares of the business’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $167.37, for a total transaction of $40,774,177.29. Following the completion of the sale, the chief executive officer now owns 349,283 shares in the company, valued at $58,459,495.71. The disclosure for this sale can be found here. Corporate insiders own 4.30% of the company’s stock.

About FleetCor Technologies

FleetCor Technologies, Inc is an independent global provider of fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand.

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