1,449 Shares in Corpay, Inc. (NYSE:CPAY) Purchased by Symmetry Investments LP

Symmetry Investments LP purchased a new stake in Corpay, Inc. (NYSE:CPAY) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,449 shares of the company’s stock, valued at approximately $386,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new stake in shares of Corpay in the first quarter valued at $2,431,089,000. JPMorgan Chase & Co. acquired a new stake in Corpay in the 1st quarter valued at about $1,429,445,000. Price T Rowe Associates Inc. MD bought a new position in shares of Corpay in the first quarter worth about $1,355,377,000. Boston Partners bought a new position in shares of Corpay in the first quarter worth about $553,667,000. Finally, Sustainable Growth Advisers LP acquired a new position in shares of Corpay during the first quarter worth approximately $553,279,000. 98.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CPAY shares. Jefferies Financial Group raised their price target on shares of Corpay from $350.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday. Evercore ISI lowered their target price on Corpay from $350.00 to $345.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $310.00 price target on shares of Corpay in a research note on Thursday, August 8th. Wolfe Research upgraded Corpay from an “underperform” rating to a “peer perform” rating in a report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on Corpay from $327.00 to $353.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $334.58.

Corpay Price Performance

Shares of NYSE:CPAY opened at $307.21 on Friday. The company has a 50 day moving average price of $296.06. Corpay, Inc. has a fifty-two week low of $220.39 and a fifty-two week high of $319.94. The firm has a market cap of $21.59 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 1.22 and a beta of 1.22. 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 earnings results on Wednesday, August 7th. The company reported $4.55 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $973.84 million. During the same period last year, the business posted $3.85 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts expect that Corpay, Inc. will post 17.81 earnings per share for the current year.

Corpay 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.