American Trust Takes $719,000 Position in Corpay, Inc. (NYSE:CPAY)

American Trust bought a new position in Corpay, Inc. (NYSE:CPAY) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 2,299 shares of the company’s stock, valued at approximately $719,000.

Other large investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its stake in shares of Corpay by 4.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,320 shares of the company’s stock worth $352,000 after purchasing an additional 54 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in Corpay by 43.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,494 shares of the company’s stock worth $1,197,000 after purchasing an additional 1,364 shares during the last quarter. Swedbank AB lifted its stake in Corpay by 26.9% in the second quarter. Swedbank AB now owns 127,217 shares of the company’s stock worth $33,892,000 after purchasing an additional 27,000 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Corpay by 246.2% during the second quarter. Blue Trust Inc. now owns 135 shares of the company’s stock valued at $36,000 after buying an additional 96 shares during the period. Finally, TCW Group Inc. grew its stake in shares of Corpay by 75.2% during the second quarter. TCW Group Inc. now owns 17,579 shares of the company’s stock valued at $4,683,000 after buying an additional 7,543 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Corpay Trading Down 1.2 %

NYSE:CPAY opened at $357.10 on Friday. The firm has a 50-day simple moving average of $356.18 and a 200-day simple moving average of $310.63. Corpay, Inc. has a one year low of $247.10 and a one year high of $385.30. The firm has a market cap of $24.89 billion, a P/E ratio of 25.47, a P/E/G ratio of 1.43 and a beta of 1.24. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05.

Insider Activity at Corpay

In other Corpay news, CAO Alissa B. Vickery sold 8,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $370.04, for a total value of $2,960,320.00. Following the completion of the transaction, the chief accounting officer now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph W. Farrelly sold 2,975 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $375.18, for a total transaction of $1,116,160.50. Following the sale, the director now directly owns 10,530 shares of the company’s stock, valued at approximately $3,950,645.40. The trade was a 22.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group raised their price target on Corpay from $375.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Morgan Stanley lifted their target price on Corpay from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Citigroup boosted their target price on shares of Corpay from $405.00 to $430.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Bank of America raised their price target on shares of Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Corpay from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Four 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $369.29.

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.