TD Private Client Wealth LLC Sells 67 Shares of Corpay, Inc. (NYSE:CPAY)

TD Private Client Wealth LLC reduced its stake in shares of Corpay, Inc. (NYSE:CPAY) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,084 shares of the company’s stock after selling 67 shares during the quarter. TD Private Client Wealth LLC’s holdings in Corpay were worth $652,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Albion Financial Group UT bought a new position in shares of Corpay during the 3rd quarter valued at approximately $27,000. LGT Financial Advisors LLC purchased a new stake in shares of Corpay in the second quarter valued at $33,000. Huntington National Bank raised its stake in shares of Corpay by 43.0% in the third 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 bought a new stake in shares of Corpay in the 2nd quarter worth about $36,000. Finally, Quarry LP bought a new position in Corpay during the 3rd quarter valued at about $42,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Corpay Stock Down 1.2 %

Shares of Corpay stock opened at $357.10 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $24.89 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 1.43 and a beta of 1.24. The firm’s 50-day moving average is $356.18 and its two-hundred day moving average is $310.63. Corpay, Inc. has a 1 year low of $247.10 and a 1 year high of $385.30.

Analysts Set New Price Targets

Several brokerages have issued reports on CPAY. Citigroup raised their price objective on shares of Corpay from $405.00 to $430.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Keefe, Bruyette & Woods boosted their price objective on Corpay from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Barclays upped their price objective on Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Morgan Stanley lifted their target price on Corpay from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, Wolfe Research upgraded shares of Corpay from an “underperform” rating to a “peer perform” rating in a report on Tuesday, September 3rd. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Corpay presently has an average rating of “Moderate Buy” and an average price target of $369.29.

Insider Activity

In other Corpay news, CAO Alissa B. Vickery sold 8,000 shares of Corpay stock in a transaction dated 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 transaction, the chief accounting officer now owns 1,797 shares in the company, valued at $664,961.88. The trade was a 81.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph W. Farrelly sold 2,975 shares of the stock in a transaction dated 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 sale, the director now directly owns 10,530 shares of the company’s stock, valued at approximately $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 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.