UBS Asset Management Americas Inc. Has $112.39 Million Holdings in FLEETCOR Technologies, Inc. (NYSE:FLT)


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UBS Asset Management Americas Inc. boosted its stake in FLEETCOR Technologies, Inc. (NYSE:FLT) by 34.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411,927 shares of the business services provider’s stock after buying an additional 105,022 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in FLEETCOR Technologies were worth $112,386,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Kornitzer Capital Management Inc. KS grew its holdings in shares of FLEETCOR Technologies by 5.9% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 65,551 shares of the business services provider’s stock worth $17,884,000 after purchasing an additional 3,625 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of FLEETCOR Technologies by 105.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 184,565 shares of the business services provider’s stock worth $50,355,000 after buying an additional 94,616 shares in the last quarter. Full18 Capital LLC bought a new position in shares of FLEETCOR Technologies in the fourth quarter valued at approximately $4,650,000. Paloma Partners Management Co boosted its holdings in shares of FLEETCOR Technologies by 639.9% in the 4th quarter. Paloma Partners Management Co now owns 7,273 shares of the business services provider’s stock worth $1,984,000 after acquiring an additional 6,290 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in FLEETCOR Technologies by 10.1% during the 4th quarter. Wells Fargo & Company MN now owns 303,948 shares of the business services provider’s stock valued at $82,925,000 after purchasing an additional 27,792 shares in the last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.

FLEETCOR Technologies stock opened at $281.27 on Thursday. The firm has a market capitalization of $23.46 billion, a price-to-earnings ratio of 33.93, a PEG ratio of 2.49 and a beta of 1.50. The company’s 50 day simple moving average is $279.52 and its 200 day simple moving average is $262.74. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.95 and a quick ratio of 0.95. FLEETCOR Technologies, Inc. has a fifty-two week low of $203.18 and a fifty-two week high of $292.70.

FLEETCOR Technologies (NYSE:FLT) last posted its earnings results on Thursday, February 4th. The business services provider reported $3.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.81 by $0.20. The company had revenue of $617.33 million for the quarter, compared to analyst estimates of $603.81 million. FLEETCOR Technologies had a net margin of 29.55% and a return on equity of 30.65%. During the same period last year, the business posted $3.17 earnings per share. As a group, analysts predict that FLEETCOR Technologies, Inc. will post 10.46 EPS for the current fiscal year.

Several brokerages have recently commented on FLT. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded FLEETCOR Technologies from a “neutral” rating to a “buy” rating and set a $310.00 target price on the stock in a report on Thursday, April 1st. Susquehanna Bancshares raised their price objective on shares of FLEETCOR Technologies from $305.00 to $350.00 and gave the company a “positive” rating in a research report on Thursday, April 1st. Susquehanna upped their target price on shares of FLEETCOR Technologies from $305.00 to $350.00 and gave the stock a “positive” rating in a research report on Thursday, April 1st. Bank of America raised shares of FLEETCOR Technologies from a “neutral” rating to a “buy” rating in a report on Wednesday, January 6th. Finally, Citigroup raised FLEETCOR Technologies from a “neutral” rating to a “buy” rating and set a $310.00 price objective on the stock in a report on Thursday, April 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $292.65.

FLEETCOR Technologies Profile

FLEETCOR Technologies, Inc operates as a business payments company that simplifies the way businesses manage and pay expenses. The company's portfolio of brands help companies automate, secure, digitize, and control payments on behalf of employees and suppliers. It offers payment solutions in five primary categories, including fuel, lodging, tolls, corporate payments, and gift.

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

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