Valinor Management L.P. decreased its stake in shares of FleetCor Technologies Inc. (NYSE:FLT) by 25.9% during the third quarter, Holdings Channel reports. The firm owned 944,862 shares of the company’s stock after selling 330,500 shares during the period. FleetCor Technologies comprises approximately 5.7% of Valinor Management L.P.’s portfolio, making the stock its 4th largest position. Valinor Management L.P.’s holdings in FleetCor Technologies were worth $164,151,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Toronto Dominion Bank increased its position in FleetCor Technologies by 57.0% in the third quarter. Toronto Dominion Bank now owns 799 shares of the company’s stock worth $139,000 after buying an additional 290 shares during the last quarter. Pacer Advisors Inc. increased its position in FleetCor Technologies by 10.4% in the second quarter. Pacer Advisors Inc. now owns 814 shares of the company’s stock worth $117,000 after buying an additional 77 shares during the last quarter. Invictus RG acquired a new stake in shares of FleetCor Technologies during the second quarter worth $125,000. Advisory Services Network LLC boosted its stake in shares of FleetCor Technologies by 144.1% in the second quarter. Advisory Services Network LLC now owns 1,084 shares of the company’s stock worth $155,000 after buying an additional 640 shares during the period. Finally, Mizuho Asset Management Co. Ltd. boosted its stake in shares of FleetCor Technologies by 130.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,249 shares of the company’s stock worth $179,000 after buying an additional 706 shares during the period. 93.34% of the stock is owned by hedge funds and other institutional investors.
FleetCor Technologies Inc. (NYSE:FLT) opened at 152.38 on Thursday. The company has a market capitalization of $14.14 billion, a P/E ratio of 35.31 and a beta of 1.28. FleetCor Technologies Inc. has a 52-week low of $107.56 and a 52-week high of $176.42. The firm has a 50-day moving average of $147.38 and a 200 day moving average of $157.83.
FleetCor Technologies (NYSE:FLT) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.86 by $0.06. The firm earned $484.40 million during the quarter, compared to analyst estimates of $491.45 million. FleetCor Technologies had a net margin of 23.27% and a return on equity of 18.53%. FleetCor Technologies’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.67 EPS. Equities analysts predict that FleetCor Technologies Inc. will post $6.88 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a report on Monday, November 7th. Citigroup Inc. assumed coverage on shares of FleetCor Technologies in a report on Thursday, December 15th. They issued a “buy” rating and a $185.00 price objective on the stock. SunTrust Banks, Inc. set a $200.00 price objective on shares of FleetCor Technologies and gave the stock a “buy” rating in a report on Wednesday, November 2nd. Deutsche Bank AG restated a “buy” rating on shares of FleetCor Technologies in a report on Wednesday, November 2nd. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating on shares of FleetCor Technologies in a report on Tuesday, December 20th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $175.87.
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.
Want to see what other hedge funds are holding FLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FleetCor Technologies Inc. (NYSE:FLT).