Lake Street Advisors Group LLC Has $318,000 Holdings in Corpay, Inc. (NYSE:CPAY)

Lake Street Advisors Group LLC raised its holdings in Corpay, Inc. (NYSE:CPAY) by 3.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 939 shares of the company’s stock after acquiring an additional 32 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Corpay were worth $318,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Avion Wealth lifted its stake in Corpay by 1,011.1% in the fourth quarter. Avion Wealth now owns 100 shares of the company’s stock valued at $33,000 after buying an additional 91 shares during the period. Versant Capital Management Inc lifted its stake in Corpay by 130.4% in the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock valued at $36,000 after buying an additional 60 shares during the period. Spire Wealth Management acquired a new position in Corpay in the fourth quarter valued at approximately $42,000. Huntington National Bank lifted its stake in Corpay by 43.0% in the third quarter. Huntington National Bank now owns 133 shares of the company’s stock valued at $42,000 after buying an additional 40 shares during the period. Finally, Quarry LP acquired a new position in Corpay in the third quarter valued at approximately $42,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Corpay

In other news, Director Richard Macchia sold 2,427 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $375.23, for a total transaction of $910,683.21. Following the transaction, the director now owns 12,215 shares of the company’s stock, valued at $4,583,434.45. This represents a 16.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.10% of the company’s stock.

Corpay Stock Up 0.7 %

Shares of NYSE:CPAY opened at $366.99 on Friday. The company has a market capitalization of $25.58 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 1.32 and a beta of 1.28. 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 has a fifty day moving average price of $365.02 and a two-hundred day moving average price of $345.30. Corpay, Inc. has a 1 year low of $247.10 and a 1 year high of $400.81.

Corpay (NYSE:CPAY) last announced its quarterly earnings data 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%. Analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Corpay 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.