TD Asset Management Inc Sells 24,810 Shares of Corpay, Inc. $CPAY

TD Asset Management Inc cut its holdings in Corpay, Inc. (NYSE:CPAY) by 15.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,724 shares of the company’s stock after selling 24,810 shares during the quarter. TD Asset Management Inc owned approximately 0.19% of Corpay worth $44,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CPAY. Atria Wealth Solutions Inc. boosted its position in Corpay by 4.7% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 695 shares of the company’s stock valued at $231,000 after acquiring an additional 31 shares in the last quarter. Meeder Advisory Services Inc. boosted its position in shares of Corpay by 5.0% in the 1st quarter. Meeder Advisory Services Inc. now owns 678 shares of the company’s stock worth $236,000 after purchasing an additional 32 shares in the last quarter. Townsquare Capital LLC boosted its position in shares of Corpay by 0.7% in the 1st quarter. Townsquare Capital LLC now owns 4,520 shares of the company’s stock worth $1,576,000 after purchasing an additional 32 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Corpay by 0.3% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 12,666 shares of the company’s stock worth $4,417,000 after purchasing an additional 35 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Corpay by 19.4% in the 2nd quarter. Blue Trust Inc. now owns 246 shares of the company’s stock worth $82,000 after purchasing an additional 40 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wall Street Zen cut Corpay from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Raymond James Financial set a $392.00 price target on Corpay and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Morgan Stanley dropped their price target on Corpay from $360.00 to $356.00 and set an “equal weight” rating on the stock in a research report on Monday, August 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Corpay in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods dropped their price target on Corpay from $445.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold 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 $395.58.

Corpay Price Performance

Shares of CPAY opened at $277.70 on Friday. The firm has a market cap of $19.61 billion, a PE ratio of 18.87, a P/E/G ratio of 1.09 and a beta of 0.97. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.48. The firm has a fifty day simple moving average of $305.59 and a two-hundred day simple moving average of $319.20. Corpay, Inc. has a 1-year low of $269.02 and a 1-year high of $400.81.

Corpay (NYSE:CPAY) last announced its earnings results on Wednesday, August 6th. The company reported $5.13 earnings per share for the quarter, beating analysts’ consensus estimates of $5.11 by $0.02. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Corpay had a net margin of 25.17% and a return on equity of 39.13%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the business earned $4.55 EPS. On average, equities analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current year.

Corpay 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.