Corpay, Inc. (NYSE:CPAY) Shares Bought by Diversified Trust Co

Diversified Trust Co raised its holdings in shares of Corpay, Inc. (NYSE:CPAY) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,314 shares of the company’s stock after acquiring an additional 375 shares during the period. Diversified Trust Co’s holdings in Corpay were worth $8,567,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. raised its stake in Corpay by 66.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,888 shares of the company’s stock valued at $1,842,000 after purchasing an additional 2,355 shares during the last quarter. Swedbank AB lifted its stake in shares of Corpay by 46.3% in the 3rd quarter. Swedbank AB now owns 186,117 shares of the company’s stock valued at $58,210,000 after purchasing an additional 58,900 shares during the last quarter. Wilkins Investment Counsel Inc. increased its position in shares of Corpay by 16.8% during the second quarter. Wilkins Investment Counsel Inc. now owns 22,425 shares of the company’s stock valued at $5,974,000 after acquiring an additional 3,225 shares during the last quarter. Retireful LLC purchased a new position in shares of Corpay during the 3rd quarter worth approximately $702,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Corpay in the third quarter valued at approximately $527,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Corpay Stock Performance

Corpay stock traded up $3.22 during midday trading on Tuesday, hitting $345.59. 68,304 shares of the company’s stock were exchanged, compared to its average volume of 306,512. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $24.09 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.24. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $385.30. The firm’s 50 day simple moving average is $356.32 and its 200 day simple moving average is $320.96.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays increased their target price on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Keefe, Bruyette & Woods decreased their price target on shares of Corpay from $425.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday. Citigroup increased their price objective on shares of Corpay from $405.00 to $430.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Wells Fargo & Company increased their target price on Corpay from $285.00 to $320.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Finally, Bank of America increased their price objective on Corpay from $344.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $368.57.

Insider Buying and Selling at Corpay

In related news, Director Joseph W. Farrelly sold 2,975 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $375.18, for a total value of $1,116,160.50. Following the sale, the director now owns 10,530 shares in the company, valued at $3,950,645.40. This represents a 22.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Alissa B. Vickery sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total value of $2,960,320.00. Following the sale, the chief accounting officer now owns 1,797 shares in the company, valued at approximately $664,961.88. The trade was a 81.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

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.