Corpay, Inc. (NYSE:CPAY) Shares Bought by Boston Partners

Boston Partners lifted its stake in Corpay, Inc. (NYSE:CPAY) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,045,398 shares of the company’s stock after acquiring an additional 122,380 shares during the period. Corpay accounts for approximately 0.8% of Boston Partners’ holdings, making the stock its 21st biggest position. Boston Partners’ holdings in Corpay were worth $694,847,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Apollon Wealth Management LLC lifted its stake in Corpay by 4.3% during the third quarter. Apollon Wealth Management LLC now owns 1,385 shares of the company’s stock valued at $433,000 after purchasing an additional 57 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Corpay by 66.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 5,888 shares of the company’s stock valued at $1,842,000 after purchasing an additional 2,355 shares during the last quarter. Huntington National Bank lifted its stake in Corpay by 43.0% during the third quarter. Huntington National Bank now owns 133 shares of the company’s stock valued at $42,000 after purchasing an additional 40 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Corpay by 7.3% during the third quarter. CIBC Asset Management Inc now owns 10,196 shares of the company’s stock valued at $3,189,000 after purchasing an additional 691 shares during the last quarter. Finally, Natixis Advisors LLC lifted its stake in Corpay by 94.3% during the third quarter. Natixis Advisors LLC now owns 27,453 shares of the company’s stock valued at $8,586,000 after purchasing an additional 13,322 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Corpay Stock Performance

Shares of CPAY opened at $348.20 on Tuesday. The company’s fifty day moving average is $364.75 and its 200-day moving average is $349.44. Corpay, Inc. has a 12 month low of $247.10 and a 12 month high of $400.81. The firm has a market cap of $24.46 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25. The company has a quick ratio of 1.05, a current ratio of 1.00 and a debt-to-equity ratio of 1.66.

Corpay (NYSE:CPAY) last posted its quarterly earnings data 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 return on equity of 41.46% and a net margin of 25.25%. Equities analysts expect that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

CPAY has been the subject of several research analyst reports. Wolfe Research upgraded shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price target for the company in a research report on Wednesday, January 8th. BMO Capital Markets upped their price target on shares of Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Royal Bank of Canada upped their price target on shares of Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. Wells Fargo & Company upped their price target on shares of Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Finally, Raymond James reduced their price target on shares of Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. 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 target price of $399.71.

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.