Pathstone Holdings LLC Acquires 206 Shares of Corpay, Inc. (NYSE:CPAY)

Pathstone Holdings LLC boosted its holdings in Corpay, Inc. (NYSE:CPAY) by 3.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 5,487 shares of the company’s stock after purchasing an additional 206 shares during the quarter. Pathstone Holdings LLC’s holdings in Corpay were worth $1,716,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Boston Partners bought a new position in shares of Corpay in the first quarter valued at approximately $553,667,000. American Century Companies Inc. lifted its stake in Corpay by 1,734.1% during the 2nd quarter. American Century Companies Inc. now owns 400,662 shares of the company’s stock valued at $106,740,000 after acquiring an additional 378,817 shares in the last quarter. TD Asset Management Inc purchased a new position in Corpay during the 2nd quarter worth $41,475,000. Assenagon Asset Management S.A. bought a new stake in shares of Corpay in the 2nd quarter worth $35,655,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Corpay in the third quarter valued at about $40,497,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Stock Down 0.4 %

CPAY stock opened at $380.60 on Thursday. The stock has a fifty day moving average of $342.82 and a 200-day moving average of $303.14. Corpay, Inc. has a fifty-two week low of $231.30 and a fifty-two week high of $385.30. The company has a market capitalization of $26.53 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 1.49 and a beta of 1.21. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Corpay from $285.00 to $320.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $310.00 target price on shares of Corpay in a research note on Thursday, August 8th. Citigroup increased their price target on Corpay from $405.00 to $430.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Barclays boosted their price objective on Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Finally, Bank of America upped their price objective on Corpay from $344.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Corpay has a consensus rating of “Moderate Buy” and an average target price of $363.93.

Insider Buying and Selling at Corpay

In other Corpay news, CAO Alissa B. Vickery sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the sale, the chief accounting officer now owns 1,797 shares of the company’s stock, valued at $664,961.88. The trade was a 81.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joseph W. Farrelly sold 2,975 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $375.18, for a total value of $1,116,160.50. Following the completion of the transaction, the director now directly owns 10,530 shares of the company’s stock, valued at $3,950,645.40. The trade was a 22.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

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.