Robeco Institutional Asset Management B.V. grew its holdings in FleetCor Technologies, Inc. (NYSE:FLT) by 393.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 143,138 shares of the business services provider’s stock after purchasing an additional 114,146 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.16% of FleetCor Technologies worth $30,152,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of FLT. Jennison Associates LLC raised its holdings in shares of FleetCor Technologies by 14.4% in the 2nd quarter. Jennison Associates LLC now owns 4,598,370 shares of the business services provider’s stock valued at $968,647,000 after purchasing an additional 577,206 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of FleetCor Technologies in the 1st quarter valued at about $105,328,000. Massachusetts Financial Services Co. MA raised its holdings in shares of FleetCor Technologies by 16.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,689,805 shares of the business services provider’s stock valued at $342,185,000 after purchasing an additional 240,357 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of FleetCor Technologies by 1,821.1% in the 2nd quarter. New York State Teachers Retirement System now owns 117,189 shares of the business services provider’s stock valued at $24,686,000 after purchasing an additional 111,089 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of FleetCor Technologies by 1.5% in the 1st quarter. BlackRock Inc. now owns 6,210,100 shares of the business services provider’s stock valued at $1,257,546,000 after purchasing an additional 91,045 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

NYSE FLT opened at $217.53 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $19.35 billion, a P/E ratio of 23.94, a PEG ratio of 1.33 and a beta of 1.35. FleetCor Technologies, Inc. has a 52 week low of $138.47 and a 52 week high of $225.92.

FleetCor Technologies (NYSE:FLT) last posted its quarterly earnings data on Thursday, August 2nd. The business services provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.52 by $0.05. The firm had revenue of $585.00 million during the quarter, compared to analyst estimates of $596.27 million. FleetCor Technologies had a net margin of 35.50% and a return on equity of 22.88%. FleetCor Technologies’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.99 EPS. research analysts forecast that FleetCor Technologies, Inc. will post 9.84 earnings per share for the current fiscal year.

FLT has been the subject of several recent research reports. ValuEngine upgraded shares of FleetCor Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Zacks Investment Research lowered shares of FleetCor Technologies from a “buy” rating to a “sell” rating in a research note on Tuesday, July 10th. Morgan Stanley set a $238.00 price objective on shares of FleetCor Technologies and gave the stock a “buy” rating in a research note on Friday, May 4th. Citigroup boosted their price objective on shares of FleetCor Technologies from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, July 20th. Finally, Wolfe Research began coverage on shares of FleetCor Technologies in a research note on Tuesday, July 17th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company’s stock. FleetCor Technologies has a consensus rating of “Buy” and a consensus target price of $227.73.

FleetCor Technologies Company Profile

FleetCor Technologies, Inc provides commercial payment solutions in North America, Latin America, Europe, and Australasia. The company offers fuel payment solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers. Its fuel payment products are in the form of plastic cards, electronic RFID tags, and paper vouchers to purchase fuel, oil, vehicle maintenance supplies and services, and building supplies.

Featured Article: Marijuana Stocks

Want to see what other hedge funds are holding FLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FleetCor Technologies, Inc. (NYSE:FLT).

Institutional Ownership by Quarter for FleetCor Technologies (NYSE:FLT)

Receive News & Ratings for FleetCor Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FleetCor Technologies and related companies with MarketBeat.com's FREE daily email newsletter.