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) by 11.9% in the 3rd quarter, Holdings Channel reports. The firm owned 76,557 shares of the company’s stock after selling 10,339 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Corpay were worth $23,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. bought a new stake in shares of Corpay during the 1st quarter valued at about $2,431,089,000. JPMorgan Chase & Co. acquired a new position in Corpay in the first quarter valued at approximately $1,429,445,000. Price T Rowe Associates Inc. MD bought a new position in shares of Corpay during the first quarter valued at approximately $1,355,377,000. Boston Partners acquired a new stake in shares of Corpay during the 1st quarter worth approximately $553,667,000. Finally, Sustainable Growth Advisers LP bought a new stake in shares of Corpay in the 1st quarter worth approximately $553,279,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CPAY. Royal Bank of Canada restated a “sector perform” rating and set a $310.00 price objective on shares of Corpay in a research note on Thursday, August 8th. Bank of America increased their price objective on shares of Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Wolfe Research raised shares of Corpay from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, September 3rd. BMO Capital Markets raised their price target on shares of Corpay from $350.00 to $390.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group boosted their price objective on Corpay from $375.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Corpay has a consensus rating of “Moderate Buy” and an average price target of $353.46.

Corpay Trading Up 0.3 %

Shares of Corpay stock opened at $330.81 on Wednesday. The business has a fifty day simple moving average of $323.31 and a 200-day simple moving average of $295.32. The firm has a market cap of $22.97 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 1.30 and a beta of 1.21. Corpay, Inc. has a fifty-two week low of $221.37 and a fifty-two week high of $355.47. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.74.

Corpay (NYSE:CPAY) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $4.55 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.04. Corpay had a net margin of 26.41% and a return on equity of 38.93%. The company had revenue of $975.70 million during the quarter, compared to analyst estimates of $973.84 million. During the same quarter last year, the firm posted $3.85 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts forecast that Corpay, Inc. will post 17.96 EPS for the current fiscal year.

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.