Avion Wealth Has $33,000 Holdings in Corpay, Inc. (NYSE:CPAY)

Avion Wealth boosted its position in Corpay, Inc. (NYSE:CPAY) by 1,011.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100 shares of the company’s stock after buying an additional 91 shares during the period. Avion Wealth’s holdings in Corpay were worth $33,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CPAY. International Assets Investment Management LLC bought a new position in shares of Corpay during the 3rd quarter worth approximately $40,497,000. JPMorgan Chase & Co. boosted its stake in Corpay by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 5,287,311 shares of the company’s stock worth $1,653,659,000 after acquiring an additional 120,578 shares in the last quarter. Prana Capital Management LP bought a new position in Corpay during the third quarter worth $31,541,000. Swedbank AB grew its holdings in Corpay by 44.9% in the fourth quarter. Swedbank AB now owns 269,717 shares of the company’s stock worth $91,278,000 after purchasing an additional 83,600 shares during the period. Finally, FMR LLC increased its stake in Corpay by 3.0% in the third quarter. FMR LLC now owns 2,692,847 shares of the company’s stock valued at $842,215,000 after purchasing an additional 78,880 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insiders Place Their Bets

In other Corpay news, Director Richard Macchia sold 2,427 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $375.23, for a total value of $910,683.21. Following the sale, the director now directly owns 12,215 shares in the company, valued at $4,583,434.45. The trade was a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Alissa B. Vickery sold 8,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total value 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. The trade was a 81.66 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

Corpay Stock Down 0.5 %

CPAY opened at $367.50 on Thursday. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $400.81. The firm has a market capitalization of $25.62 billion, a P/E ratio of 26.29, a PEG ratio of 1.33 and a beta of 1.28. The company’s 50-day moving average is $361.34 and its 200 day moving average is $338.04. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05.

Corpay (NYSE:CPAY) last released its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a net margin of 25.25% and a return on equity of 41.46%. Research analysts expect that Corpay, Inc. will post 20.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on CPAY. Wolfe Research raised shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price objective on the stock in a research report on Wednesday, January 8th. BMO Capital Markets increased their price target on Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Citigroup started coverage on Corpay in a report on Tuesday, January 14th. They set a “buy” rating and a $430.00 price objective for the company. Morgan Stanley increased their target price on Corpay from $350.00 to $380.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, Barclays lifted their price target on shares of Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Corpay presently has a consensus rating of “Moderate Buy” and a consensus price target of $399.71.

About Corpay

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.