Los Angeles Capital Management LLC Has $230,000 Holdings in Corpay, Inc. (NYSE:CPAY)

Los Angeles Capital Management LLC cut its position in shares of Corpay, Inc. (NYSE:CPAY) by 25.9% in the third quarter, Holdings Channel reports. The firm owned 735 shares of the company’s stock after selling 257 shares during the period. Los Angeles Capital Management LLC’s holdings in Corpay were worth $230,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its holdings in 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 buying an additional 34 shares in the last quarter. Mather Group LLC. boosted its position in Corpay by 21.2% during the third quarter. Mather Group LLC. now owns 200 shares of the company’s stock worth $63,000 after purchasing an additional 35 shares during the period. Epic Trust Investment Advisors LLC grew its holdings in Corpay by 4.1% during the second quarter. Epic Trust Investment Advisors LLC now owns 998 shares of the company’s stock valued at $266,000 after purchasing an additional 39 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Corpay by 21.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the company’s stock valued at $64,000 after purchasing an additional 43 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Corpay by 22.3% in the third quarter. Signaturefd LLC now owns 252 shares of the company’s stock worth $79,000 after buying an additional 46 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Corpay Trading Up 0.3 %

Shares of CPAY stock opened at $364.58 on Tuesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.02 and a current ratio of 1.05. The firm has a fifty day moving average of $333.12 and a 200-day moving average of $299.23. Corpay, Inc. has a 52-week low of $230.68 and a 52-week high of $375.98. The stock has a market cap of $25.42 billion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 1.42 and a beta of 1.21.

Insider Buying and Selling

In other Corpay news, Director Joseph W. Farrelly sold 2,975 shares of the stock in a transaction 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 directly owns 10,530 shares in the company, valued at $3,950,645.40. This represents a 22.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.10% of the company’s stock.

Analyst Upgrades and Downgrades

CPAY has been the topic of several recent analyst reports. William Blair upgraded shares of Corpay to a “strong-buy” rating in a report on Thursday, August 8th. BMO Capital Markets lifted their price objective on Corpay from $350.00 to $390.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Wells Fargo & Company raised their target price on Corpay from $285.00 to $320.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Citigroup upped their price target on Corpay from $405.00 to $430.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Morgan Stanley raised their price objective 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. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Corpay presently has a consensus rating of “Moderate Buy” and an average price target of $363.93.

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.