Corpay, Inc. (NYSE:CPAY) Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Corpay, Inc. (NYSE:CPAY) by 14.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,988 shares of the company’s stock after buying an additional 4,629 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.05% of Corpay worth $12,179,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CPAY. Vanguard Group Inc. increased its position in Corpay by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,752,799 shares of the company’s stock worth $2,623,702,000 after purchasing an additional 120,688 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of 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 buying an additional 120,578 shares in the last quarter. Boston Partners raised its position in shares of Corpay by 6.4% in the fourth quarter. Boston Partners now owns 2,045,398 shares of the company’s stock valued at $694,847,000 after buying an additional 122,380 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Corpay by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,677,899 shares of the company’s stock valued at $523,061,000 after buying an additional 23,275 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Corpay by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the company’s stock worth $160,904,000 after acquiring an additional 16,981 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Corpay

In other 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 value of $910,683.21. Following the completion of the transaction, the director now directly owns 12,215 shares in the company, valued at approximately $4,583,434.45. This represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.10% of the stock is owned by corporate insiders.

Corpay Stock Down 2.4 %

Shares of NYSE CPAY opened at $346.79 on Friday. The stock has a fifty day moving average price of $363.75 and a 200 day moving average price of $351.85. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $400.81. The company has a market cap of $24.36 billion, a P/E ratio of 24.81, a P/E/G ratio of 1.32 and a beta of 1.25.

Corpay (NYSE:CPAY) last posted its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) 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%. Research analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Citigroup initiated coverage on Corpay in a report on Tuesday, January 14th. They issued a “buy” rating and a $430.00 price target for the company. Wells Fargo & Company increased their target price on Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. BMO Capital Markets lifted their price target on Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Raymond James cut their price objective on shares of Corpay from $434.00 to $417.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Finally, Morgan Stanley boosted their target price on shares of Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Three 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 presently has an average rating of “Moderate Buy” and an average 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.