Corpay, Inc. $CPAY Shares Purchased by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC increased its stake in Corpay, Inc. by 7.5% in Q1, holding $28.01 million worth of shares.
• Major hedge funds like Federated Hermes Inc. and Walleye Capital LLC significantly escalated their positions in Corpay during the fourth quarter, with some increases exceeding 165%.
• Corpay recently announced quarterly earnings of $5.13 EPS, slightly surpassing analysts' estimates, and reported a year-over-year revenue increase of 12.9%.

Brandywine Global Investment Management LLC lifted its stake in Corpay, Inc. (NYSE:CPAY - Free Report) by 7.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 80,319 shares of the company's stock after purchasing an additional 5,606 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.11% of Corpay worth $28,009,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Corpay by 20.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,840,818 shares of the company's stock worth $1,976,651,000 after purchasing an additional 1,000,699 shares during the period. GAMMA Investing LLC raised its position in Corpay by 38,235.3% during the 1st quarter. GAMMA Investing LLC now owns 559,696 shares of the company's stock worth $195,177,000 after buying an additional 558,236 shares during the last quarter. Bessemer Group Inc. lifted its stake in Corpay by 4,811.9% during the 1st quarter. Bessemer Group Inc. now owns 557,252 shares of the company's stock valued at $194,326,000 after acquiring an additional 545,907 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Corpay by 11.1% in the 1st quarter. JPMorgan Chase & Co. now owns 4,728,635 shares of the company's stock valued at $1,648,970,000 after acquiring an additional 472,147 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. purchased a new stake in shares of Corpay in the 4th quarter valued at $116,179,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Wall Street Zen downgraded Corpay from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Oppenheimer initiated coverage on Corpay in a research report on Monday, April 28th. They set a "market perform" rating on the stock. Robert W. Baird set a $440.00 target price on Corpay in a research note on Tuesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Corpay in a research report on Thursday, July 17th. They set a "buy" rating and a $390.00 target price on the stock. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $399.43.

Corpay Stock Performance

Shares of CPAY stock traded down $0.8350 during trading hours on Thursday, reaching $315.5850. 145,043 shares of the company's stock were exchanged, compared to its average volume of 495,603. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.12 and a quick ratio of 1.12. The company's 50 day moving average is $325.89 and its two-hundred day moving average is $335.03. The company has a market cap of $22.28 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 1.22 and a beta of 0.96. Corpay, Inc. has a 1 year low of $269.02 and a 1 year high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $5.13 earnings per share for the quarter, topping analysts' consensus estimates of $5.11 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Corpay had a return on equity of 39.13% and a net margin of 25.17%.Corpay's quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.55 earnings per share. Equities research analysts anticipate that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

About Corpay

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.