SG Americas Securities LLC Trims Holdings in FLEETCOR Technologies, Inc. (NYSE:FLT)

SG Americas Securities LLC lessened its holdings in shares of FLEETCOR Technologies, Inc. (NYSE:FLTGet Rating) by 12.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,169 shares of the business services provider’s stock after selling 452 shares during the period. SG Americas Securities LLC’s holdings in FLEETCOR Technologies were worth $558,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FLT. Covestor Ltd boosted its position in FLEETCOR Technologies by 253.1% during the 1st quarter. Covestor Ltd now owns 113 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 81 shares in the last quarter. Deseret Mutual Benefit Administrators bought a new stake in FLEETCOR Technologies during the 2nd quarter valued at approximately $26,000. Lazard Asset Management LLC bought a new stake in FLEETCOR Technologies during the 1st quarter valued at approximately $35,000. Clear Street Markets LLC boosted its position in FLEETCOR Technologies by 393.9% during the 2nd quarter. Clear Street Markets LLC now owns 163 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 130 shares in the last quarter. Finally, Bartlett & Co. LLC boosted its position in FLEETCOR Technologies by 375.7% during the 2nd quarter. Bartlett & Co. LLC now owns 176 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FLT. Bank of America cut FLEETCOR Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $278.00 to $203.00 in a research report on Thursday, October 20th. Mizuho dropped their price target on FLEETCOR Technologies from $256.00 to $220.00 and set a “neutral” rating on the stock in a research report on Monday, November 14th. Keefe, Bruyette & Woods dropped their price target on FLEETCOR Technologies from $335.00 to $230.00 in a research report on Monday, October 10th. Royal Bank of Canada dropped their price target on FLEETCOR Technologies from $265.00 to $226.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 3rd. Finally, Robert W. Baird dropped their price target on FLEETCOR Technologies from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Monday, September 26th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $238.08.

FLEETCOR Technologies Stock Performance

FLT stock opened at $200.41 on Tuesday. The stock has a market capitalization of $14.78 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 0.75 and a beta of 1.20. FLEETCOR Technologies, Inc. has a 12-month low of $161.69 and a 12-month high of $265.30. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 2.13. The stock’s 50 day simple moving average is $188.30 and its 200 day simple moving average is $197.42.

FLEETCOR Technologies (NYSE:FLTGet Rating) last released its quarterly earnings data on Wednesday, November 2nd. The business services provider reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.86 by $0.05. The business had revenue of $893.00 million for the quarter, compared to analysts’ expectations of $877.61 million. FLEETCOR Technologies had a return on equity of 42.85% and a net margin of 28.51%. During the same period in the prior year, the firm posted $3.37 EPS. As a group, research analysts forecast that FLEETCOR Technologies, Inc. will post 14.71 earnings per share for the current fiscal year.

FLEETCOR Technologies Company Profile

(Get Rating)

FLEETCOR Technologies, Inc engages in the provision of digital payment solutions that enables businesses to control purchases and make payments. It operates through the following geographical segments: North America, International, and Brazil. The company was founded by William Boatner Reily III and Ronald F.

See Also

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

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