Thompson Siegel & Walmsley LLC Has $71.25 Million Stock Position in Corpay, Inc. (NYSE:CPAY)

Thompson Siegel & Walmsley LLC decreased its position in Corpay, Inc. (NYSE:CPAY) by 14.1% in the 4th quarter, HoldingsChannel reports. The fund owned 210,533 shares of the company’s stock after selling 34,560 shares during the period. Corpay makes up about 1.1% of Thompson Siegel & Walmsley LLC’s investment portfolio, making the stock its 26th biggest holding. Thompson Siegel & Walmsley LLC’s holdings in Corpay were worth $71,249,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC grew its stake in shares of Corpay by 16.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 204 shares of the company’s stock valued at $69,000 after purchasing an additional 29 shares during the period. Tealwood Asset Management Inc. grew its stake in shares of Corpay by 0.7% in the 4th quarter. Tealwood Asset Management Inc. now owns 4,197 shares of the company’s stock valued at $1,420,000 after purchasing an additional 30 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Corpay by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,963 shares of the company’s stock valued at $2,018,000 after purchasing an additional 30 shares during the period. IFP Advisors Inc grew its stake in shares of Corpay by 2.7% in the 4th quarter. IFP Advisors Inc now owns 1,151 shares of the company’s stock valued at $390,000 after purchasing an additional 30 shares during the period. Finally, Lake Street Advisors Group LLC grew its stake in shares of Corpay by 3.5% in the 4th quarter. Lake Street Advisors Group LLC now owns 939 shares of the company’s stock valued at $318,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Price Performance

Shares of NYSE CPAY opened at $334.40 on Thursday. The stock has a market capitalization of $23.49 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 1.32 and a beta of 1.25. The business has a 50-day moving average of $364.94 and a 200-day moving average of $348.42. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.00 and a quick ratio of 1.05. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $400.81.

Corpay (NYSE:CPAY) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $4.96 EPS for the quarter, missing analysts’ consensus estimates of $5.37 by ($0.41). Corpay had a return on equity of 41.46% and a net margin of 25.25%. As a group, sell-side analysts predict that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CPAY shares. BMO Capital Markets upped their price objective on Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Raymond James cut their price target on Corpay from $434.00 to $417.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Wolfe Research raised Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price target on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company increased their price target on Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Finally, Royal Bank of Canada increased their price target on Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $399.71.

Insider Buying and Selling

In other Corpay news, Director Richard Macchia sold 2,427 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $375.23, for a total transaction of $910,683.21. Following the completion of the sale, the director now directly owns 12,215 shares in the company, valued at $4,583,434.45. This trade represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.10% of the stock is currently owned by corporate insiders.

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.