Captrust Financial Advisors Sells 387 Shares of Corpay, Inc. (NYSE:CPAY)

Captrust Financial Advisors reduced its holdings in Corpay, Inc. (NYSE:CPAY) by 21.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,382 shares of the company’s stock after selling 387 shares during the quarter. Captrust Financial Advisors’ holdings in Corpay were worth $432,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CPAY. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Corpay by 22.7% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 184 shares of the company’s stock valued at $58,000 after purchasing an additional 34 shares in the last quarter. Mather Group LLC. lifted its position in shares of Corpay by 21.2% during the third quarter. Mather Group LLC. now owns 200 shares of the company’s stock worth $63,000 after acquiring an additional 35 shares in the last quarter. Huntington National Bank boosted its stake in Corpay by 43.0% in the 3rd quarter. Huntington National Bank now owns 133 shares of the company’s stock worth $42,000 after purchasing an additional 40 shares during the period. Empirical Finance LLC boosted its holdings in Corpay by 1.8% in the 3rd quarter. Empirical Finance LLC now owns 2,493 shares of the company’s stock valued at $780,000 after purchasing an additional 43 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Corpay by 22.3% during the 3rd quarter. Signaturefd LLC now owns 252 shares of the company’s stock valued at $79,000 after acquiring an additional 46 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

CPAY has been the subject of a number of recent research reports. Wolfe Research upgraded Corpay from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, September 3rd. Citigroup upped 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. Bank of America increased their price target on shares of Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Morgan Stanley increased their price target on shares of Corpay from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, BMO Capital Markets lifted their price target on Corpay from $350.00 to $390.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $365.71.

Corpay Stock Down 1.0 %

Corpay stock opened at $361.31 on Friday. The firm has a market capitalization of $25.19 billion, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $385.30. The stock’s fifty day moving average is $355.66 and its two-hundred day moving average is $310.01. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05.

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.