Los Angeles Capital Management LLC Purchases New Holdings in Corpay, Inc. (NYSE:CPAY)

Los Angeles Capital Management LLC acquired a new position in Corpay, Inc. (NYSE:CPAY) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 109,678 shares of the company’s stock, valued at approximately $33,840,000. Los Angeles Capital Management LLC owned about 0.15% of Corpay at the end of the most recent reporting period.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CPAY. Wells Fargo & Company began coverage on shares of Corpay in a research note on Wednesday, June 5th. They set an “equal weight” rating and a $285.00 price target for the company. Barclays decreased their target price on Corpay from $355.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, May 13th. Wolfe Research lowered Corpay from a “peer perform” rating to an “underperform” rating and set a $295.00 price objective for the company. in a research report on Friday, May 17th. Royal Bank of Canada raised their target price on shares of Corpay from $302.00 to $310.00 and gave the stock a “sector perform” rating in a report on Thursday, May 9th. Finally, Robert W. Baird raised their target price on shares of Corpay from $355.00 to $376.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Corpay currently has an average rating of “Moderate Buy” and an average price target of $334.50.

Corpay Stock Performance

Corpay stock opened at $252.45 on Thursday. Corpay, Inc. has a 52-week low of $220.39 and a 52-week high of $319.94. The stock’s 50 day moving average price is $280.33. The company has a market cap of $17.74 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 1.00 and a beta of 1.21. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.48.

Corpay (NYSE:CPAY) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $3.84 EPS for the quarter, topping the consensus estimate of $3.80 by $0.04. Corpay had a net margin of 26.29% and a return on equity of 36.97%. As a group, equities research analysts predict that Corpay, Inc. will post 17.83 EPS for the current fiscal year.

Corpay Company Profile

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.