Corpay, Inc. (NYSE:CPAY) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its position in Corpay, Inc. (NYSE:CPAY - Free Report) by 14.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,201 shares of the company's stock after selling 7,828 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.06% of Corpay worth $15,762,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Corpay by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 7,752,799 shares of the company's stock valued at $2,623,702,000 after acquiring an additional 120,688 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Corpay by 20.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,840,818 shares of the company's stock valued at $1,976,651,000 after buying an additional 1,000,699 shares in the last quarter. Boston Partners grew its position in Corpay by 6.4% during the 4th quarter. Boston Partners now owns 2,045,398 shares of the company's stock worth $694,847,000 after acquiring an additional 122,380 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Corpay by 1.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,949,913 shares of the company's stock worth $659,890,000 after purchasing an additional 20,937 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Corpay by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 1,732,793 shares of the company's stock worth $584,962,000 after purchasing an additional 54,894 shares during the last quarter. Institutional investors own 98.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Raymond James Financial reissued an "outperform" rating and issued a $414.00 price objective (down from $417.00) on shares of Corpay in a research note on Wednesday, May 7th. UBS Group dropped their price target on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Barclays cut their price objective on Corpay from $440.00 to $400.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, Wall Street Zen upgraded shares of Corpay from a "hold" rating to a "buy" rating in a research report on Monday. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $401.86.

Corpay Stock Performance

Shares of Corpay stock traded down $1.64 during midday trading on Wednesday, hitting $337.21. The company had a trading volume of 302,286 shares, compared to its average volume of 476,704. The company has a fifty day simple moving average of $330.93 and a 200 day simple moving average of $342.85. Corpay, Inc. has a 12-month low of $264.87 and a 12-month high of $400.81. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.69. The stock has a market cap of $23.77 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 1.40 and a beta of 0.95.

Corpay (NYSE:CPAY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $4.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.50 by $0.01. Corpay had a net margin of 25.15% and a return on equity of 41.61%. 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 company posted $4.10 EPS. The company's revenue for the quarter was up 7.5% on a year-over-year basis. As a group, analysts predict that Corpay, Inc. will post 19.76 earnings per share 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.