Bridgewater Associates LP Has $47.48 Million Position in Corpay, Inc. (NYSE:CPAY)

Bridgewater Associates LP boosted its stake in Corpay, Inc. (NYSE:CPAY - Free Report) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,292 shares of the company's stock after buying an additional 6,208 shares during the period. Bridgewater Associates LP owned 0.20% of Corpay worth $47,478,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Avion Wealth raised its stake in shares of Corpay by 1,011.1% during the fourth quarter. Avion Wealth now owns 100 shares of the company's stock valued at $33,000 after purchasing an additional 91 shares in the last quarter. Versant Capital Management Inc lifted 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 worth $36,000 after acquiring an additional 60 shares during the period. Spire Wealth Management bought a new position in shares of Corpay in the fourth quarter valued at approximately $42,000. Assetmark Inc. raised its holdings in Corpay by 93.8% during the fourth quarter. Assetmark Inc. now owns 124 shares of the company's stock worth $42,000 after purchasing an additional 60 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in shares of Corpay during the 4th quarter valued at $43,000. 98.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CPAY shares. Wells Fargo & Company raised their price objective 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. Citigroup started coverage on Corpay in a report on Tuesday, January 14th. They issued a "buy" rating and a $430.00 price target on the stock. Raymond James reduced their price objective on Corpay from $434.00 to $417.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Royal Bank of Canada increased their price target on Corpay from $354.00 to $400.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods boosted their price objective on Corpay from $415.00 to $445.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $400.38.

Corpay Stock Performance

CPAY traded up $1.62 on Friday, hitting $308.39. The company had a trading volume of 353,820 shares, compared to its average volume of 482,775. Corpay, Inc. has a 1-year low of $247.10 and a 1-year high of $400.81. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. The company's fifty day moving average price is $342.35 and its 200 day moving average price is $351.72. The stock has a market cap of $21.66 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 1.32 and a beta of 1.11.

Corpay (NYSE:CPAY - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $4.96 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 predict that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Insider Activity at Corpay

In related news, Director Richard Macchia sold 2,427 shares of the stock in a transaction dated 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 owns 12,215 shares in the company, valued at $4,583,434.45. This trade represents a 16.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.10% of the stock is owned by insiders.

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.