Cerity Partners LLC Has $9.17 Million Stock Holdings in Corpay, Inc. (NYSE:CPAY)

Cerity Partners LLC grew its stake in shares of Corpay, Inc. (NYSE:CPAY) by 17.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,310 shares of the company’s stock after purchasing an additional 4,315 shares during the quarter. Cerity Partners LLC’s holdings in Corpay were worth $9,167,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Albion Financial Group UT bought a new position in shares of Corpay in the third quarter valued at $27,000. LGT Financial Advisors LLC acquired a new stake in Corpay in the second quarter valued at $33,000. Huntington National Bank grew its position in shares of Corpay by 43.0% in the 3rd quarter. Huntington National Bank now owns 133 shares of the company’s stock valued at $42,000 after acquiring an additional 40 shares during the period. Innealta Capital LLC acquired a new position in shares of Corpay during the 2nd quarter worth about $36,000. Finally, Blue Trust Inc. raised its holdings in shares of Corpay by 246.2% in the 2nd quarter. Blue Trust Inc. now owns 135 shares of the company’s stock valued at $36,000 after purchasing an additional 96 shares during the period. Institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CPAY. Raymond James reduced their price target on Corpay from $330.00 to $311.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Barclays lifted their target price on Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Wells Fargo & Company increased their price target on Corpay from $285.00 to $320.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $310.00 price objective on shares of Corpay in a research report on Thursday, August 8th. Finally, Citigroup increased their price objective on shares of Corpay from $405.00 to $430.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $363.93.

Insider Buying and Selling at Corpay

In other Corpay news, CAO Alissa B. Vickery sold 8,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 1,797 shares of the company’s stock, valued at $664,961.88. This trade represents a 81.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph W. Farrelly sold 2,975 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 of the company’s stock, valued at $3,950,645.40. The trade was a 22.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

Corpay Stock Up 0.1 %

NYSE CPAY opened at $382.04 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.69. The company has a market cap of $26.63 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 1.49 and a beta of 1.21. The company has a 50 day moving average of $341.36 and a 200-day moving average of $302.59. Corpay, Inc. has a 1-year low of $230.68 and a 1-year high of $385.30.

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.