Swedbank AB Has $91.28 Million Holdings in Corpay, Inc. (NYSE:CPAY)

Swedbank AB raised its position in Corpay, Inc. (NYSE:CPAY) by 44.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 269,717 shares of the company’s stock after purchasing an additional 83,600 shares during the period. Swedbank AB owned 0.39% of Corpay worth $91,278,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC lifted its holdings in Corpay by 16.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 204 shares of the company’s stock valued at $69,000 after buying an additional 29 shares during the period. Tealwood Asset Management Inc. lifted its stake in shares of Corpay by 0.7% in the 4th quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company’s stock valued at $1,420,000 after purchasing an additional 30 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Corpay by 22.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 184 shares of the company’s stock valued at $58,000 after purchasing an additional 34 shares during the period. Mather Group LLC. boosted its position in shares of Corpay by 21.2% during the 3rd quarter. Mather Group LLC. now owns 200 shares of the company’s stock valued at $63,000 after purchasing an additional 35 shares in the last quarter. Finally, Huntington National Bank grew its stake in Corpay by 43.0% during the third quarter. Huntington National Bank now owns 133 shares of the company’s stock worth $42,000 after purchasing an additional 40 shares during the period. 98.84% of the stock is owned by institutional investors.

Corpay Price Performance

CPAY opened at $381.22 on Thursday. The firm has a market cap of $26.58 billion, a P/E ratio of 27.19, a PEG ratio of 1.26 and a beta of 1.26. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $385.30. The firm has a 50-day moving average of $360.97 and a 200 day moving average of $331.72.

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

Analysts Set New Price Targets

CPAY has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Citigroup assumed coverage on shares of Corpay in a research note on Tuesday, January 14th. They set a “buy” rating and a $430.00 target price on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Corpay from $425.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Morgan Stanley increased their price objective on shares of Corpay from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, Barclays boosted their target price on Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Corpay currently has a consensus rating of “Moderate Buy” and an average target price of $381.43.

Insider Buying and Selling

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