Centerstone Investors LLC Has $2.53 Million Stake in Corpay, Inc. (NYSE:CPAY)

Centerstone Investors LLC decreased its holdings in Corpay, Inc. (NYSE:CPAY - Free Report) by 30.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,469 shares of the company's stock after selling 3,239 shares during the quarter. Corpay accounts for approximately 3.7% of Centerstone Investors LLC's holdings, making the stock its 9th biggest holding. Centerstone Investors LLC's holdings in Corpay were worth $2,528,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avion Wealth boosted its stake in Corpay by 1,011.1% in the 4th quarter. Avion Wealth now owns 100 shares of the company's stock valued at $33,000 after buying an additional 91 shares in the last quarter. Colonial Trust Co SC lifted its holdings in shares of Corpay by 120.5% during the fourth quarter. Colonial Trust Co SC now owns 97 shares of the company's stock valued at $33,000 after acquiring an additional 53 shares during the period. Spire Wealth Management acquired a new stake in shares of Corpay in the 4th quarter valued at $42,000. Assetmark Inc. boosted its stake in shares of Corpay by 93.8% in the 4th quarter. Assetmark Inc. now owns 124 shares of the company's stock valued at $42,000 after purchasing an additional 60 shares in the last quarter. Finally, Synergy Asset Management LLC bought a new stake in shares of Corpay in the 4th quarter worth about $43,000. 98.84% of the stock is owned by institutional investors.

Corpay Trading Down 0.5%

Corpay stock traded down $1.63 during trading hours on Friday, reaching $324.50. 333,868 shares of the company's stock traded hands, compared to its average volume of 479,727. The firm has a market capitalization of $22.87 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 1.32 and a beta of 0.98. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $400.81. The firm's 50 day moving average is $327.64 and its 200-day moving average is $350.37.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $4.51 earnings per share for the quarter, beating the consensus estimate of $4.50 by $0.01. Corpay had a net margin of 25.25% and a return on equity of 41.46%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the business posted $4.10 earnings per share. Corpay's revenue was up 7.5% compared to the same quarter last year. On average, analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current year.

Analysts Set New Price Targets

CPAY has been the subject of several analyst reports. Barclays cut their price target on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Keefe, Bruyette & Woods boosted their target price on Corpay from $415.00 to $445.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Oppenheimer began coverage on Corpay in a research report on Monday, April 28th. They set a "market perform" rating on the stock. Morgan Stanley raised their price target on Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Finally, UBS Group reduced their price objective on Corpay from $400.00 to $365.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Five 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 stock. According to data from MarketBeat.com, Corpay has a consensus rating of "Moderate Buy" and a consensus price target of $395.07.

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.