Corpay, Inc. (NYSE:CPAY) Holdings Decreased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its holdings in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 11.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,557 shares of the company's stock after selling 10,339 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.11% of Corpay worth $23,944,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Chevy Chase Trust Holdings LLC bought a new position in shares of Corpay during the first quarter worth about $12,335,000. Empirical Finance LLC acquired a new position in shares of Corpay in the 1st quarter worth approximately $829,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Corpay in the 1st quarter worth approximately $1,013,000. EP Wealth Advisors LLC acquired a new stake in shares of Corpay during the 1st quarter valued at approximately $949,000. Finally, Swedbank AB lifted its stake in Corpay by 26.9% during the second quarter. Swedbank AB now owns 127,217 shares of the company's stock worth $33,892,000 after purchasing an additional 27,000 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on CPAY. Raymond James dropped their target price on shares of Corpay from $330.00 to $311.00 and set an "outperform" rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price target on Corpay from $327.00 to $353.00 and gave the company an "overweight" rating in a report on Tuesday, August 20th. Wolfe Research raised Corpay from an "underperform" rating to a "peer perform" rating in a report on Tuesday, September 3rd. Bank of America lifted their target price on Corpay from $344.00 to $375.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company increased their price target on Corpay from $285.00 to $320.00 and gave the stock an "equal weight" rating in a research note on Monday, October 21st. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $353.46.

Corpay Price Performance

Shares of NYSE CPAY traded up $18.16 during midday trading on Wednesday, reaching $348.97. The company's stock had a trading volume of 862,333 shares, compared to its average volume of 468,482. Corpay, Inc. has a one year low of $221.37 and a one year high of $355.47. The company has a market cap of $24.23 billion, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 1.30 and a beta of 1.21. The company has a 50 day moving average price of $323.31 and a 200 day moving average price of $295.32. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.74.

Corpay (NYSE:CPAY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.04. The company had revenue of $975.70 million for the quarter, compared to analysts' expectations of $973.84 million. Corpay had a return on equity of 38.93% and a net margin of 26.41%. The firm's revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.85 earnings per share. On average, equities research analysts expect that Corpay, Inc. will post 17.96 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.