Wilkins Investment Counsel Inc. Grows Stake in Corpay, Inc. (NYSE:CPAY)

Wilkins Investment Counsel Inc. raised its stake in Corpay, Inc. (NYSE:CPAY) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,345 shares of the company’s stock after purchasing an additional 1,005 shares during the quarter. Wilkins Investment Counsel Inc.’s holdings in Corpay were worth $9,254,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, Director Richard Macchia sold 2,427 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 12,215 shares of the company’s stock, valued at $4,583,434.45. The trade was a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on CPAY shares. Raymond James decreased their price target on Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Royal Bank of Canada lifted their price target on Corpay from $354.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Citigroup started coverage on Corpay in a research note on Tuesday, January 14th. They issued a “buy” rating and a $430.00 price target for the company. Keefe, Bruyette & Woods lifted their price target on Corpay from $415.00 to $445.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley raised their target price on shares of Corpay from $350.00 to $380.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Corpay presently has a consensus rating of “Moderate Buy” and an average target price of $399.71.

Corpay Stock Performance

CPAY opened at $352.52 on Thursday. The business’s 50 day moving average is $364.64 and its 200-day moving average is $349.68. The stock has a market cap of $24.76 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. Corpay, Inc. has a twelve month low of $247.10 and a twelve month high of $400.81.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share 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, analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current year.

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.