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

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Corpay, Inc. (NYSE:CPAY - Free Report) by 30.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,029 shares of the company's stock after selling 23,528 shares during the period. Robeco Institutional Asset Management B.V. owned 0.08% of Corpay worth $17,946,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Exchange Traded Concepts LLC lifted its position in Corpay by 16.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 204 shares of the company's stock valued at $69,000 after acquiring an additional 29 shares in the last quarter. Tealwood Asset Management Inc. lifted its holdings in shares of Corpay by 0.7% during the 4th quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company's stock valued at $1,420,000 after buying an additional 30 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Corpay by 22.7% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 184 shares of the company's stock worth $58,000 after acquiring an additional 34 shares during the period. Mather Group LLC. increased its holdings in Corpay by 21.2% during the third quarter. Mather Group LLC. now owns 200 shares of the company's stock valued at $63,000 after buying an additional 35 shares during the last quarter. Finally, Huntington National Bank raised its stake in shares of Corpay by 43.0% in the third quarter. Huntington National Bank now owns 133 shares of the company's stock worth $42,000 after buying an additional 40 shares during the period. 98.84% of the stock is owned by institutional investors.

Insider Buying and Selling at Corpay

In other news, CAO Alissa B. Vickery sold 8,000 shares of the firm's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the sale, the chief accounting officer now directly owns 1,797 shares in the company, valued at $664,961.88. This trade represents a 81.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph W. Farrelly sold 2,975 shares of the company's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $375.18, for a total value of $1,116,160.50. Following the completion of the transaction, the director now directly owns 10,530 shares of the company's stock, valued at $3,950,645.40. The trade was a 22.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.10% of the company's stock.

Corpay Stock Down 0.0 %

NYSE CPAY traded down $0.03 during trading on Tuesday, hitting $379.58. The company's stock had a trading volume of 369,274 shares, compared to its average volume of 418,398. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $391.10. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $26.46 billion, a PE ratio of 27.07, a P/E/G ratio of 1.30 and a beta of 1.28. The business's 50 day simple moving average is $361.43 and its 200-day simple moving average is $334.21.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $4.72 earnings per share for the quarter, beating analysts' consensus estimates of $4.67 by $0.05. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. Corpay had a net margin of 26.14% and a return on equity of 39.44%. During the same period in the previous year, the company earned $4.20 earnings per share. On average, equities analysts anticipate that Corpay, Inc. will post 17.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CPAY has been the topic of a number of research analyst reports. Bank of America boosted their price target on Corpay from $344.00 to $375.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Citigroup began coverage on shares of Corpay in a research report on Tuesday, January 14th. They issued a "buy" rating and a $430.00 price target on the stock. Wells Fargo & Company boosted their target price on shares of Corpay from $340.00 to $375.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. BMO Capital Markets upped their price objective on Corpay from $400.00 to $440.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Finally, Morgan Stanley boosted their price objective on shares of Corpay from $325.00 to $350.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $381.43.

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.