Radnor Capital Management LLC Takes Position in Corpay, Inc. (NYSE:CPAY)

Radnor Capital Management LLC acquired a new position in shares of Corpay, Inc. (NYSE:CPAY) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,835 shares of the company’s stock, valued at approximately $3,667,000.

Several other large investors have also recently bought and sold shares of CPAY. Albion Financial Group UT acquired a new stake in shares of Corpay during the 3rd quarter valued at approximately $27,000. Versant Capital Management Inc raised its holdings in Corpay by 130.4% during the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock worth $36,000 after purchasing an additional 60 shares during the last quarter. Huntington National Bank boosted its position in Corpay by 43.0% during the third quarter. Huntington National Bank now owns 133 shares of the company’s stock worth $42,000 after purchasing an additional 40 shares in the last quarter. Quarry LP acquired a new stake in Corpay in the third quarter valued at $42,000. Finally, Continuum Advisory LLC increased its position in shares of Corpay by 47.9% in the third quarter. Continuum Advisory LLC now owns 142 shares of the company’s stock valued at $44,000 after buying an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Corpay Trading Up 1.7 %

Shares of CPAY stock opened at $358.17 on Wednesday. Corpay, Inc. has a 1-year low of $247.10 and a 1-year high of $385.30. The firm’s 50-day simple moving average is $359.11 and its 200-day simple moving average is $324.55. The firm has a market cap of $24.97 billion, a P/E ratio of 25.55, a PEG ratio of 1.40 and a beta of 1.26. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.05.

Wall Street Analyst Weigh In

CPAY has been the topic of a number of research reports. Keefe, Bruyette & Woods lowered their price objective on shares of Corpay from $425.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Morgan Stanley increased their price target on shares of Corpay from $325.00 to $350.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. BMO Capital Markets lifted their price objective on Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Jefferies Financial Group upped their target price on Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Citigroup assumed coverage on Corpay in a report on Tuesday. They issued a “buy” rating and a $430.00 price target for the company. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $377.50.

Insider Buying and Selling

In related news, CAO Alissa B. Vickery sold 8,000 shares of the firm’s 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 transaction, the chief accounting officer now owns 1,797 shares in the company, valued at approximately $664,961.88. This trade represents a 81.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joseph W. Farrelly sold 2,975 shares of Corpay 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 transaction, the director now directly owns 10,530 shares in the company, valued at approximately $3,950,645.40. This trade represents a 22.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by company insiders.

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.