37,200 Shares in Corpay, Inc. (NYSE:CPAY) Bought by APG Asset Management N.V.

APG Asset Management N.V. acquired a new stake in Corpay, Inc. (NYSE:CPAY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 37,200 shares of the company's stock, valued at approximately $12,158,000. APG Asset Management N.V. owned about 0.05% of Corpay at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Invesco Ltd. lifted its holdings in Corpay by 163.7% during the fourth quarter. Invesco Ltd. now owns 1,686,665 shares of the company's stock valued at $570,801,000 after purchasing an additional 1,047,080 shares during the last quarter. Norges Bank bought a new stake in shares of Corpay in the 4th quarter worth approximately $241,739,000. Raymond James Financial Inc. purchased a new position in Corpay in the 4th quarter worth approximately $134,950,000. Boston Partners raised its stake in Corpay by 6.4% during the 4th 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. Finally, Vanguard Group Inc. raised its holdings in Corpay by 1.6% in 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 during the period. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of the company's stock in a transaction dated Monday, February 10th. The stock was 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 in the company, valued at $4,583,434.45. This represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 6.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CPAY shares. Royal Bank of Canada increased their price objective on shares of Corpay from $354.00 to $400.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Raymond James decreased their price target on Corpay from $434.00 to $417.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Wolfe Research raised Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price target on the stock in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods boosted their price target on Corpay from $415.00 to $445.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Finally, Barclays dropped their target price on Corpay from $440.00 to $400.00 and set an "overweight" rating on the stock in a report on Monday. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $400.38.

Corpay Trading Down 0.8 %

Shares of NYSE CPAY traded down $2.65 during trading hours on Wednesday, reaching $310.19. The stock had a trading volume of 58,430 shares, compared to its average volume of 486,721. The firm has a market cap of $21.79 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 1.32 and a beta of 1.11. The business's fifty day moving average price is $345.06 and its two-hundred day moving average price is $352.07. Corpay, Inc. has a 52-week low of $247.10 and a 52-week high of $400.81. 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 (NYSE:CPAY - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share for the quarter, missing analysts' consensus estimates of $5.37 by ($0.41). Corpay had a return on equity of 41.46% and a net margin of 25.25%. Analysts expect that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

About Corpay

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.