Cumberland Partners Ltd Boosts Position in Corpay, Inc. (NYSE:CPAY)

Key Points

• Cumberland Partners Ltd increased its stake in Corpay, Inc. (NYSE:CPAY) by 50.0%, acquiring an additional 1,000 shares, bringing its total holdings to 3,000 shares valued at over $1 million.
• Analyst reports show mixed ratings for CPAY, with 11 buy ratings, 5 hold ratings, and a current average target price of $401.07, down from previous estimates by some investment firms.
• The company reported $4.51 earnings per share during its last earnings announcement, slightly beating consensus estimates, and achieved a net margin of 25.15%.

Cumberland Partners Ltd boosted its stake in Corpay, Inc. (NYSE:CPAY - Free Report) by 50.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 3,000 shares of the company's stock after buying an additional 1,000 shares during the period. Cumberland Partners Ltd's holdings in Corpay were worth $1,046,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Colonial Trust Co SC raised its stake in Corpay by 120.5% in the 4th quarter. Colonial Trust Co SC now owns 97 shares of the company's stock worth $33,000 after purchasing an additional 53 shares in the last quarter. Rakuten Securities Inc. bought a new stake in shares of Corpay in the first quarter valued at approximately $45,000. Larson Financial Group LLC grew its position in Corpay by 309.5% during the first quarter. Larson Financial Group LLC now owns 172 shares of the company's stock worth $60,000 after buying an additional 130 shares in the last quarter. Continuum Advisory LLC increased its stake in Corpay by 29.6% during the 4th quarter. Continuum Advisory LLC now owns 184 shares of the company's stock worth $62,000 after acquiring an additional 42 shares during the period. Finally, Whipplewood Advisors LLC increased its stake in Corpay by 648.0% during the 1st quarter. Whipplewood Advisors LLC now owns 187 shares of the company's stock worth $65,000 after acquiring an additional 162 shares during the period. 98.84% of the stock is owned by institutional investors.

Corpay Price Performance

NYSE CPAY traded down $3.57 during trading hours on Tuesday, hitting $320.77. The company had a trading volume of 153,927 shares, compared to its average volume of 484,510. The firm has a market capitalization of $22.61 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.20 and a beta of 0.96. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a 50 day simple moving average of $330.75 and a 200 day simple moving average of $339.87. Corpay, Inc. has a 52 week low of $265.28 and a 52 week high of $400.81.

Corpay (NYSE:CPAY - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $4.51 earnings per share for the quarter, topping analysts' consensus estimates of $4.50 by $0.01. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. Corpay had a return on equity of 41.61% and a net margin of 25.15%. Corpay's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.10 EPS. Equities research analysts expect that Corpay, Inc. will post 19.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on CPAY shares. UBS Group dropped their target price on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Wells Fargo & Company dropped their target price on Corpay from $375.00 to $339.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Oppenheimer initiated coverage on Corpay in a research note on Monday, April 28th. They issued a "market perform" rating for the company. Wall Street Zen upgraded shares of Corpay from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Finally, Robert W. Baird set a $440.00 target price on shares of Corpay in a report on Tuesday, June 10th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Corpay presently has a consensus rating of "Moderate Buy" and an average price target of $401.07.

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.