UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $138.29 Million Stock Holdings in Corpay, Inc. $CPAY

Key Points

• UBS Asset Management decreased its stake in Corpay, Inc. by 1.7%, now holding 396,559 shares worth approximately $138.3 million at the end of Q1.
• Several institutional investors, including Vanguard and JPMorgan, have recently increased their positions in Corpay, with Vanguard now owning over $2.74 billion worth of shares.
• Corpay reported Q1 earnings per share of $5.13, exceeding estimates, with revenues up 12.9% year-over-year, totaling $1.1 billion.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lessened its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 1.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 396,559 shares of the company's stock after selling 7,049 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.56% of Corpay worth $138,288,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Corpay by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 7,872,786 shares of the company's stock worth $2,745,398,000 after buying an additional 119,987 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Corpay by 11.1% during the 1st quarter. JPMorgan Chase & Co. now owns 4,728,635 shares of the company's stock worth $1,648,970,000 after buying an additional 472,147 shares in the last quarter. Boston Partners lifted its position in Corpay by 5.8% during the 1st quarter. Boston Partners now owns 2,163,940 shares of the company's stock worth $751,371,000 after buying an additional 118,542 shares in the last quarter. Invesco Ltd. lifted its position in Corpay by 12.3% during the 1st quarter. Invesco Ltd. now owns 1,894,732 shares of the company's stock worth $660,731,000 after buying an additional 208,067 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Corpay by 30.7% during the 1st quarter. Wellington Management Group LLP now owns 1,275,059 shares of the company's stock worth $444,639,000 after buying an additional 299,452 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Corpay Trading Down 0.3%

Shares of CPAY stock traded down $0.89 on Thursday, reaching $309.74. The company had a trading volume of 125,890 shares, compared to its average volume of 482,043. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.48. The stock has a market cap of $21.87 billion, a PE ratio of 21.05, a PEG ratio of 1.16 and a beta of 1.00. The company has a 50-day moving average of $320.87 and a 200-day moving average of $327.20. Corpay, Inc. has a 12 month low of $269.02 and a 12 month high of $400.81.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on CPAY shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Corpay in a research report on Thursday, July 17th. They set a "buy" rating and a $390.00 price target on the stock. Robert W. Baird set a $440.00 price target on shares of Corpay in a research report on Tuesday, June 10th. Morgan Stanley reduced their price target on shares of Corpay from $360.00 to $356.00 and set an "equal weight" rating on the stock in a research report on Monday, August 11th. UBS Group dropped their price objective on Corpay from $365.00 to $340.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. Finally, Wall Street Zen raised Corpay from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $399.43.

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.