HUB Investment Partners LLC Grows Stock Position in Corpay, Inc. (NYSE:CPAY)

HUB Investment Partners LLC increased its position in shares of Corpay, Inc. (NYSE:CPAY) by 83.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,652 shares of the company’s stock after purchasing an additional 752 shares during the quarter. HUB Investment Partners LLC’s holdings in Corpay were worth $559,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in CPAY. Avion Wealth grew its holdings in shares of Corpay by 1,011.1% during the fourth quarter. Avion Wealth now owns 100 shares of the company’s stock worth $33,000 after buying an additional 91 shares in the last quarter. Versant Capital Management Inc boosted its position in Corpay by 130.4% during the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock worth $36,000 after acquiring an additional 60 shares during the last quarter. Quarry LP purchased a new stake in Corpay during the 3rd quarter valued at about $42,000. Spire Wealth Management acquired a new stake in Corpay in the 4th quarter valued at about $42,000. Finally, Assetmark Inc. lifted its stake in Corpay by 93.8% in the 4th quarter. Assetmark Inc. now owns 124 shares of the company’s stock worth $42,000 after purchasing an additional 60 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CPAY has been the subject of a number of analyst reports. Royal Bank of Canada upped their price target on Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. Wolfe Research upgraded Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 target price for the company in a report on Wednesday, January 8th. Wells Fargo & Company lifted their price target on Corpay from $340.00 to $375.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Morgan Stanley upped their price objective on shares of Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, Citigroup assumed coverage on shares of Corpay in a research note on Tuesday, January 14th. They set a “buy” rating and a $430.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $399.71.

Insiders Place Their Bets

In related news, Director Richard Macchia sold 2,427 shares of Corpay stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $375.23, for a total value of $910,683.21. Following the completion of the transaction, the director now owns 12,215 shares in the company, valued at $4,583,434.45. The trade was a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.10% of the stock is owned by company insiders.

Corpay Stock Down 1.6 %

Shares of NYSE:CPAY opened at $347.12 on Friday. The firm has a market capitalization of $24.38 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25. Corpay, Inc. has a 1 year low of $247.10 and a 1 year high of $400.81. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. The firm’s 50-day moving average is $364.50 and its two-hundred day moving average is $349.92.

Corpay (NYSE:CPAY) last released its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.37 by ($0.41). Corpay had a return on equity of 41.46% and a net margin of 25.25%. Analysts predict that Corpay, Inc. will post 19.76 EPS 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.