Knuff & Co LLC Takes Position in Corpay, Inc. (NYSE:CPAY)

Knuff & Co LLC acquired a new stake in shares of Corpay, Inc. (NYSE:CPAY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 160 shares of the company’s stock, valued at approximately $54,000.

Several other hedge funds have also recently modified their holdings of CPAY. Janney Montgomery Scott LLC increased its holdings in shares of Corpay by 4.0% during the third quarter. Janney Montgomery Scott LLC now owns 2,863 shares of the company’s stock valued at $895,000 after acquiring an additional 111 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Corpay by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 86,539 shares of the company’s stock worth $27,066,000 after buying an additional 2,175 shares during the period. CWA Asset Management Group LLC acquired a new position in Corpay in the 3rd quarter worth approximately $302,000. Venturi Wealth Management LLC increased its holdings in Corpay by 2,958.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 887 shares of the company’s stock worth $277,000 after buying an additional 858 shares during the period. Finally, Apollon Wealth Management LLC increased its holdings in Corpay by 4.3% in the 3rd quarter. Apollon Wealth Management LLC now owns 1,385 shares of the company’s stock worth $433,000 after buying an additional 57 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Trading Up 0.2 %

Shares of NYSE:CPAY opened at $325.21 on Wednesday. Corpay, Inc. has a 1 year low of $247.10 and a 1 year high of $400.81. The firm has a market capitalization of $22.85 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. The business’s 50 day moving average price is $365.02 and its 200-day moving average price is $348.52.

Corpay (NYSE:CPAY) last announced its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.37 by ($0.41). Corpay had a net margin of 25.25% and a return on equity of 41.46%. On average, equities research analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CPAY. Wolfe Research upgraded shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price target on the stock in a report on Wednesday, January 8th. Keefe, Bruyette & Woods increased their price target on shares of Corpay from $415.00 to $445.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Royal Bank of Canada increased their price target on shares of Corpay from $354.00 to $400.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Citigroup initiated coverage on shares of Corpay in a report on Tuesday, January 14th. They issued a “buy” rating and a $430.00 price target on the stock. Finally, Raymond James dropped their price objective on shares of Corpay from $434.00 to $417.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $399.71.

Insider Buying and Selling at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of the firm’s 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 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 document filed with the SEC, which is accessible through the SEC website. 6.10% of the stock is currently owned by insiders.

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.