Corpay, Inc. (NYSE:CPAY) Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC reduced its position in Corpay, Inc. (NYSE:CPAY) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,862 shares of the company’s stock after selling 3,848 shares during the quarter. Anchor Capital Advisors LLC owned about 0.10% of Corpay worth $24,658,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Swedbank AB boosted its stake in Corpay by 46.3% in the 3rd quarter. Swedbank AB now owns 186,117 shares of the company’s stock worth $58,210,000 after purchasing an additional 58,900 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Corpay by 66.7% in the third 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 during the last quarter. Retireful LLC purchased a new position in shares of Corpay in the third quarter worth $702,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Corpay during the third quarter worth $527,000. Finally, Banco Santander S.A. purchased a new stake in shares of Corpay during the third quarter valued at $668,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Corpay Price Performance

NYSE:CPAY opened at $364.17 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. The company has a 50 day moving average price of $364.55 and a 200-day moving average price of $344.69. Corpay, Inc. has a 1-year low of $247.10 and a 1-year high of $400.81. The firm has a market cap of $25.39 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 1.32 and a beta of 1.28.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Wednesday, February 5th. The company reported $4.96 earnings per share for the quarter, missing analysts’ consensus estimates of $5.37 by ($0.41). Corpay had a net margin of 25.25% and a return on equity of 41.46%. Equities research analysts forecast that Corpay, Inc. will post 19.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Morgan Stanley lifted their price target on Corpay from $350.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Royal Bank of Canada raised their price objective on Corpay from $354.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Citigroup assumed coverage on Corpay in a research report on Tuesday, January 14th. They issued a “buy” rating and a $430.00 target price on the stock. BMO Capital Markets raised their price target 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. Finally, Wells Fargo & Company lifted their price objective on shares of Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $399.71.

Insider Buying and Selling

In related news, Director Richard Macchia sold 2,427 shares of Corpay stock in a transaction on Monday, February 10th. The shares were sold at an average price of $375.23, for a total value of $910,683.21. Following the sale, the director now owns 12,215 shares of the company’s stock, valued at approximately $4,583,434.45. This trade represents a 16.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.10% of the stock is currently owned by 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.