Vantage Investment Partners LLC Makes New $32.39 Million Investment in Corpay, Inc. (NYSE:CPAY)

Vantage Investment Partners LLC acquired a new position in shares of Corpay, Inc. (NYSE:CPAY - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 92,872 shares of the company's stock, valued at approximately $32,386,000. Corpay accounts for about 2.7% of Vantage Investment Partners LLC's portfolio, making the stock its 15th largest position. Vantage Investment Partners LLC owned 0.13% of Corpay as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Corpay by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,752,799 shares of the company's stock worth $2,623,702,000 after acquiring an additional 120,688 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Corpay by 20.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,840,818 shares of the company's stock worth $1,976,651,000 after acquiring an additional 1,000,699 shares during the period. Boston Partners lifted its holdings in shares of 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 period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Corpay by 1.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,949,913 shares of the company's stock worth $659,890,000 after acquiring an additional 20,937 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 54,894 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CPAY has been the topic of several research reports. Wall Street Zen lowered shares of Corpay from a "buy" rating to a "hold" rating in a report on Sunday. Wells Fargo & Company cut their target price on shares of Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Barclays reduced their target price on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Oppenheimer initiated coverage on shares of Corpay in a report on Monday, April 28th. They set a "market perform" rating on the stock. Finally, Robert W. Baird set a $440.00 target price on shares of Corpay in a report on Tuesday, June 10th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Corpay presently has an average rating of "Moderate Buy" and an average price target of $398.07.

Corpay Stock Performance

Corpay stock opened at $316.30 on Friday. Corpay, Inc. has a 12-month low of $264.08 and a 12-month high of $400.81. The company has a market capitalization of $22.30 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 1.33 and a beta of 0.96. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.10 and a quick ratio of 1.10. The firm's fifty day moving average price is $327.89 and its 200 day moving average price is $344.46.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly 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 firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the firm posted $4.10 EPS. The firm's quarterly revenue was up 7.5% on a year-over-year basis. On average, research analysts forecast that Corpay, Inc. will post 19.76 EPS for the current fiscal year.

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.

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