Robeco Institutional Asset Management B.V. Has $17.95 Million Stake in Corpay, Inc. (NYSE:CPAY)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Corpay, Inc. (NYSE:CPAY) by 30.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 53,029 shares of the company’s stock after selling 23,528 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Corpay were worth $17,946,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Swedbank AB boosted its stake in Corpay by 46.3% during the 3rd quarter. Swedbank AB now owns 186,117 shares of the company’s stock valued at $58,210,000 after purchasing an additional 58,900 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Corpay by 66.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,888 shares of the company’s stock worth $1,842,000 after buying an additional 2,355 shares in the last quarter. Retireful LLC bought a new position in shares of Corpay during the 3rd quarter worth approximately $702,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Corpay during the 3rd quarter worth approximately $527,000. Finally, Banco Santander S.A. bought a new position in shares of Corpay during the 3rd quarter worth approximately $668,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays lifted their target price on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. BMO Capital Markets lifted their target price on shares of Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Wolfe Research raised shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 target price on the stock in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods dropped their target price on shares of Corpay from $425.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. Finally, Morgan Stanley lifted their price target on shares of Corpay from $325.00 to $350.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $381.43.

Corpay Stock Down 1.8 %

Corpay stock opened at $380.55 on Friday. Corpay, Inc. has a 1-year low of $247.10 and a 1-year high of $391.10. The firm has a market capitalization of $26.53 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 1.30 and a beta of 1.26. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.69. The firm has a 50 day simple moving average of $361.45 and a 200 day simple moving average of $332.45.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Thursday, November 7th. The company reported $4.72 earnings per share for the quarter, beating analysts’ consensus estimates of $4.67 by $0.05. Corpay had a net margin of 26.14% and a return on equity of 39.44%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business earned $4.20 EPS. On average, analysts predict that Corpay, Inc. will post 17.84 earnings per share for the current year.

Insider Activity at Corpay

In other news, Director Joseph W. Farrelly sold 2,975 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $375.18, for a total transaction of $1,116,160.50. Following the completion of the transaction, the director now directly owns 10,530 shares in the company, valued at $3,950,645.40. The trade was a 22.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Alissa B. Vickery sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the transaction, the chief accounting officer now owns 1,797 shares of the company’s stock, valued at $664,961.88. This trade represents a 81.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is owned by company insiders.

Corpay Company Profile

Corpay, Inc operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards.