FLEETCOR Technologies, Inc. (NYSE:FLT) Holdings Lowered by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC trimmed its stake in shares of FLEETCOR Technologies, Inc. (NYSE:FLT) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,334 shares of the business services provider’s stock after selling 1,237 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in FLEETCOR Technologies were worth $11,399,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of FLT. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of FLEETCOR Technologies by 15.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,504 shares of the business services provider’s stock valued at $375,000 after purchasing an additional 204 shares during the last quarter. American Century Companies Inc. raised its position in FLEETCOR Technologies by 15.9% during the first quarter. American Century Companies Inc. now owns 2,798 shares of the business services provider’s stock valued at $697,000 after buying an additional 384 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in FLEETCOR Technologies during the first quarter valued at $219,000. HighTower Advisors LLC raised its position in FLEETCOR Technologies by 9.5% during the first quarter. HighTower Advisors LLC now owns 4,524 shares of the business services provider’s stock valued at $1,119,000 after buying an additional 392 shares during the period. Finally, Private Advisor Group LLC raised its position in FLEETCOR Technologies by 123.0% during the first quarter. Private Advisor Group LLC now owns 2,355 shares of the business services provider’s stock valued at $586,000 after buying an additional 1,299 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FLEETCOR Technologies

In other news, CEO Ronald Clarke sold 118,428 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $281.84, for a total value of $33,377,747.52. Following the completion of the transaction, the chief executive officer now directly owns 2,023,491 shares of the company’s stock, valued at approximately $570,300,703.44. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO Alissa B. Vickery sold 2,794 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $290.31, for a total value of $811,126.14. Following the completion of the transaction, the chief accounting officer now directly owns 1,885 shares of the company’s stock, valued at approximately $547,234.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ronald Clarke sold 118,428 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $281.84, for a total value of $33,377,747.52. Following the sale, the chief executive officer now directly owns 2,023,491 shares of the company’s stock, valued at $570,300,703.44. The disclosure for this sale can be found here. 6.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on FLT shares. Jefferies Financial Group upped their price target on FLEETCOR Technologies from $325.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. UBS Group upped their price target on FLEETCOR Technologies from $280.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. TheStreet raised FLEETCOR Technologies from a “c+” rating to a “b-” rating in a research report on Friday, January 12th. JPMorgan Chase & Co. increased their price objective on FLEETCOR Technologies from $285.00 to $337.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, Citigroup increased their price objective on FLEETCOR Technologies from $300.00 to $325.00 and gave the company a “buy” rating in a report on Friday, January 12th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $299.67.

FLEETCOR Technologies Price Performance

Shares of FLT stock opened at $303.26 on Monday. The stock has a 50 day moving average of $286.75 and a two-hundred day moving average of $267.00. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.40. FLEETCOR Technologies, Inc. has a 12 month low of $194.60 and a 12 month high of $309.39. The company has a market capitalization of $21.90 billion, a P/E ratio of 22.97, a P/E/G ratio of 1.15 and a beta of 1.22.

FLEETCOR Technologies (NYSE:FLT) last announced its quarterly earnings data on Wednesday, February 7th. The business services provider reported $4.44 EPS for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.04). FLEETCOR Technologies had a return on equity of 37.56% and a net margin of 26.13%. The firm had revenue of $937.32 million during the quarter, compared to the consensus estimate of $967.01 million. During the same quarter in the prior year, the business posted $3.83 EPS. FLEETCOR Technologies’s revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts expect that FLEETCOR Technologies, Inc. will post 18.2 EPS for the current year.

FLEETCOR Technologies Company Profile

FLEETCOR Technologies, 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. It operates through Vehicle Payments, Corporate Payments, Lodging Payments, and Other segments.