Charles Schwab Trust Co Takes Position in Corpay, Inc. (NYSE:CPAY)

Charles Schwab Trust Co acquired a new stake in shares of Corpay, Inc. (NYSE:CPAY) in the first quarter, HoldingsChannel.com reports. The fund acquired 4,000 shares of the company’s stock, valued at approximately $1,234,000.

A number of other large investors also recently modified their holdings of the company. Peak Financial Advisors LLC purchased a new position in shares of Corpay during the 1st quarter valued at $3,119,000. Ballentine Partners LLC purchased a new position in shares of Corpay during the 1st quarter valued at $404,000. Birch Capital Management LLC purchased a new position in shares of Corpay during the 1st quarter valued at $1,946,000. Contravisory Investment Management Inc. purchased a new position in shares of Corpay during the 1st quarter valued at $8,537,000. Finally, Douglas Lane & Associates LLC purchased a new position in shares of Corpay during the 1st quarter valued at $5,304,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CPAY. Jefferies Financial Group boosted their price target on shares of Corpay from $340.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Wolfe Research cut shares of Corpay from a “peer perform” rating to an “underperform” rating and set a $295.00 target price on the stock. in a research report on Friday, May 17th. Royal Bank of Canada restated a “sector perform” rating and set a $310.00 target price on shares of Corpay in a research report on Friday. Barclays decreased their target price on shares of Corpay from $355.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, May 13th. Finally, Robert W. Baird upped their target price on shares of Corpay from $355.00 to $376.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $334.11.

Corpay Stock Down 0.6 %

NYSE:CPAY traded down $1.50 during mid-day trading on Tuesday, hitting $268.17. 31,084 shares of the stock traded hands, compared to its average volume of 468,528. The stock has a market cap of $18.84 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.06 and a beta of 1.21. Corpay, Inc. has a 52 week low of $220.39 and a 52 week high of $319.94. The stock has a 50 day moving average price of $278.27. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.48.

Corpay (NYSE:CPAY) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $3.84 EPS for the quarter, beating the consensus estimate of $3.80 by $0.04. The company had revenue of $935.25 million for the quarter, compared to the consensus estimate of $936.25 million. Corpay had a net margin of 26.29% and a return on equity of 36.97%. As a group, research analysts predict that Corpay, Inc. will post 17.83 EPS for the current year.

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.