Banco Santander S.A. Acquires 1,377 Shares of Corpay, Inc. (NYSE:CPAY)

Banco Santander S.A. raised its holdings in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 64.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,513 shares of the company's stock after buying an additional 1,377 shares during the quarter. Banco Santander S.A.'s holdings in Corpay were worth $1,189,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Avion Wealth lifted its position in Corpay by 1,011.1% in the fourth quarter. Avion Wealth now owns 100 shares of the company's stock worth $33,000 after purchasing an additional 91 shares during the period. Versant Capital Management Inc raised its stake in shares of Corpay by 130.4% in the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company's stock valued at $36,000 after buying an additional 60 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Corpay by 43.0% during the 3rd quarter. Huntington National Bank now owns 133 shares of the company's stock worth $42,000 after acquiring an additional 40 shares during the period. Quarry LP acquired a new stake in shares of Corpay during the 3rd quarter valued at about $42,000. Finally, Spire Wealth Management bought a new stake in Corpay in the fourth quarter valued at about $42,000. 98.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Richard Macchia sold 2,427 shares of the firm'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 owns 12,215 shares of the company's stock, valued at approximately $4,583,434.45. This trade represents a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.10% of the stock is owned by corporate insiders.

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Corpay Stock Down 1.7 %

Shares of Corpay stock traded down $5.74 on Thursday, hitting $328.18. The company had a trading volume of 492,159 shares, compared to its average volume of 495,489. The stock has a 50-day moving average of $364.94 and a 200-day moving average of $348.42. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $400.81. The firm has a market capitalization of $23.05 billion, a P/E ratio of 23.47, a P/E/G ratio of 1.32 and a beta of 1.25.

Corpay (NYSE:CPAY - Get Free Report) last announced 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%. Research analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Royal Bank of Canada lifted their price objective on Corpay from $354.00 to $400.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Citigroup started coverage on Corpay in a research report on Tuesday, January 14th. They issued a "buy" rating and a $430.00 price target on the stock. Raymond James reduced their target price on Corpay from $434.00 to $417.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Morgan Stanley raised their price target on Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Finally, BMO Capital Markets boosted their price objective on Corpay from $400.00 to $440.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, 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.