Mariner LLC Has $3.38 Million Holdings in Corpay, Inc. (NYSE:CPAY)

Mariner LLC grew its stake in Corpay, Inc. (NYSE:CPAY - Free Report) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,986 shares of the company's stock after buying an additional 1,005 shares during the quarter. Mariner LLC's holdings in Corpay were worth $3,379,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CPAY. Allspring Global Investments Holdings LLC increased its stake in Corpay by 17.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 23,732 shares of the company's stock worth $8,067,000 after purchasing an additional 3,504 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Corpay by 70.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 4,989 shares of the company's stock worth $1,689,000 after acquiring an additional 2,059 shares during the last quarter. Radnor Capital Management LLC purchased a new stake in shares of Corpay during the fourth quarter valued at $3,667,000. Nisa Investment Advisors LLC boosted its position in Corpay by 68.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,966 shares of the company's stock valued at $1,342,000 after buying an additional 1,611 shares during the last quarter. Finally, Journey Strategic Wealth LLC acquired a new stake in Corpay during the 4th quarter worth about $499,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Corpay Stock Performance

Corpay stock traded up $0.65 during midday trading on Friday, reaching $322.54. 109,550 shares of the stock traded hands, compared to its average volume of 482,391. The firm has a fifty day moving average price of $336.22 and a two-hundred day moving average price of $351.30. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. The firm has a market cap of $22.66 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 1.32 and a beta of 1.11. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last announced 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 return on equity of 41.46% and a net margin of 25.25%. On average, equities research analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current year.

Insider Transactions at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $375.23, for a total value of $910,683.21. Following the completion of the sale, the director now owns 12,215 shares in the company, valued at approximately $4,583,434.45. This trade represents a 16.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Corpay from $415.00 to $445.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Morgan Stanley raised their price target on shares of Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Wolfe Research upgraded shares of Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price target for the company in a research report on Wednesday, January 8th. Royal Bank of Canada lifted their target price 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, Raymond James reduced their price target on Corpay from $434.00 to $417.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $397.62.

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.