Van Lanschot Kempen Investment Management N.V. Invests $116.18 Million in Corpay, Inc. (NYSE:CPAY)

Van Lanschot Kempen Investment Management N.V. bought a new stake in shares of Corpay, Inc. (NYSE:CPAY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 343,299 shares of the company's stock, valued at approximately $116,179,000. Corpay accounts for 1.2% of Van Lanschot Kempen Investment Management N.V.'s portfolio, making the stock its 22nd biggest holding. Van Lanschot Kempen Investment Management N.V. owned 0.49% of Corpay as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Avion Wealth lifted its position in shares of Corpay by 1,011.1% in the 4th quarter. Avion Wealth now owns 100 shares of the company's stock worth $33,000 after purchasing an additional 91 shares during the period. Versant Capital Management Inc lifted its stake in shares of Corpay by 130.4% in the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company's stock worth $36,000 after buying an additional 60 shares in the last quarter. Spire Wealth Management bought a new stake in shares of Corpay in the 4th quarter worth $42,000. Assetmark Inc. raised its position in Corpay by 93.8% in the 4th quarter. Assetmark Inc. now owns 124 shares of the company's stock worth $42,000 after buying an additional 60 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Corpay by 70.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 133 shares of the company's stock valued at $45,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 98.84% of the company's stock.

Insider Buying and Selling

In other news, Director Richard Macchia sold 2,427 shares of Corpay stock in a transaction on Monday, February 10th. The stock was sold at an average price of $375.23, for a total value of $910,683.21. Following the transaction, the director now directly owns 12,215 shares in the company, valued at approximately $4,583,434.45. This trade represents a 16.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Raymond James cut their price target on Corpay from $434.00 to $417.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company decreased their target price on Corpay from $375.00 to $339.00 and set an "equal weight" rating on the stock in a research note on Thursday. Barclays dropped their price objective 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. Morgan Stanley boosted their price target on shares of Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods raised their price objective on Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Three 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 company's stock. According to data from MarketBeat.com, Corpay has an average rating of "Moderate Buy" and a consensus target price of $397.62.

Corpay Stock Up 0.2 %

Shares of CPAY stock traded up $0.50 during mid-day trading on Friday, hitting $322.39. The stock had a trading volume of 207,676 shares, compared to its average volume of 482,135. The firm has a market capitalization of $22.65 billion, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 1.32 and a beta of 1.11. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. Corpay, Inc. has a 12-month low of $247.10 and a 12-month high of $400.81. The firm's 50-day moving average is $334.94 and its two-hundred day moving average is $351.20.

Corpay (NYSE:CPAY - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a return on equity of 41.46% and a net margin of 25.25%. On average, 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.