Charles Schwab Trust Co Makes New Investment in Corpay, Inc. (NYSE:CPAY)

Charles Schwab Trust Co bought a new position in shares of Corpay, Inc. (NYSE:CPAYFree Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,000 shares of the company’s stock, valued at approximately $1,234,000.

Several other institutional investors have also bought and sold shares of the stock. Beese Fulmer Investment Management Inc. bought a new position in Corpay in the 1st quarter valued at $1,398,000. Czech National Bank bought a new position in Corpay in the 1st quarter valued at $3,920,000. Contravisory Investment Management Inc. bought a new position in Corpay in the 1st quarter valued at $8,537,000. Pensionfund Sabic bought a new position in Corpay in the 1st quarter valued at $1,327,000. Finally, Los Angeles Capital Management LLC bought a new position in Corpay in the 1st quarter valued at $33,840,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Stock Performance

NYSE:CPAY traded down $1.50 on Tuesday, reaching $268.17. The company’s stock had a trading volume of 31,084 shares, compared to its average volume of 468,528. Corpay, Inc. has a 1-year low of $220.39 and a 1-year high of $319.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.48. The stock has a market cap of $18.84 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.06 and a beta of 1.21. The stock’s 50-day moving average price is $278.27.

Corpay (NYSE:CPAYGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.80 by $0.04. Corpay had a return on equity of 36.97% and a net margin of 26.29%. The firm had revenue of $935.25 million during the quarter, compared to analysts’ expectations of $936.25 million. As a group, sell-side analysts expect that Corpay, Inc. will post 17.83 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $310.00 price objective on shares of Corpay in a research report on Friday. BMO Capital Markets dropped their target price on Corpay from $360.00 to $350.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Robert W. Baird boosted their target price on Corpay from $355.00 to $376.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Jefferies Financial Group boosted their target price on Corpay from $340.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, Barclays dropped their target price on Corpay from $355.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $334.11.

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Corpay Profile

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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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Institutional Ownership by Quarter for Corpay (NYSE:CPAY)

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