B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in Corpay, Inc. (NYSE:CPAY)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Corpay, Inc. (NYSE:CPAY) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,684 shares of the company’s stock, valued at approximately $527,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CPAY. Albion Financial Group UT purchased a new stake in Corpay during the third quarter valued at approximately $27,000. LGT Financial Advisors LLC bought a new position in Corpay in the 2nd quarter worth $33,000. Huntington National Bank lifted its position in 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 purchasing an additional 40 shares in the last quarter. Innealta Capital LLC bought a new stake in Corpay during the second quarter valued at about $36,000. Finally, Blue Trust Inc. increased its position in Corpay by 246.2% in the second quarter. Blue Trust Inc. now owns 135 shares of the company’s stock worth $36,000 after buying an additional 96 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Jefferies Financial Group lifted their price objective on Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Bank of America upped their target price on shares of Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Citigroup upped their price objective on Corpay from $405.00 to $430.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Royal Bank of Canada reissued a “sector perform” rating and set a $310.00 target price on shares of Corpay in a research note on Thursday, August 8th. Finally, Raymond James dropped their price target on Corpay from $330.00 to $311.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Corpay has an average rating of “Moderate Buy” and a consensus target price of $363.93.

Insider Activity

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

Corpay Trading Up 1.2 %

Shares of NYSE CPAY opened at $379.87 on Monday. The stock has a market capitalization of $26.48 billion, a P/E ratio of 27.09, a PEG ratio of 1.47 and a beta of 1.21. Corpay, Inc. has a 1-year low of $230.68 and a 1-year high of $380.00. The business’s 50 day moving average is $338.38 and its two-hundred day moving average is $301.21. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.05.

About Corpay

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.