Fleetcor Technologies INC (FLT) Shareholder Sustainable Growth Advisers LP Has Lowered Position

September 30, 2018 - By Matthew Richard

FleetCor Technologies, Inc. (NYSE:FLT) LogoInvestors sentiment increased to 1.61 in 2018 Q2. Its up 0.81, from 0.8 in 2018Q1. It improved, as 38 investors sold FLT shares while 101 reduced holdings. 90 funds opened positions while 134 raised stakes. 84.90 million shares or 5.87% more from 80.19 million shares in 2018Q1 were reported. Advisory Rech Inc stated it has 2,208 shares or 0.01% of all its holdings. Meiji Yasuda Asset Mngmt Limited reported 1,210 shares stake. State Common Retirement Fund accumulated 179,000 shares. 77,723 were reported by Balasa Dinverno Foltz Ltd Liability Corp. Aqr Llc holds 0.02% or 105,945 shares in its portfolio. 31,083 are held by Amer Intll. Fred Alger Mgmt Inc holds 0.02% or 17,787 shares in its portfolio. Csat Invest Advisory LP holds 11 shares. Schroder Invest Mngmt Gru holds 0.05% or 127,400 shares. 22,000 were reported by Arizona State Retirement. Cleararc Cap stated it has 0.47% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). Commonwealth Bancorp Of Aus has invested 0% in FleetCor Technologies, Inc. (NYSE:FLT). Ing Groep Nv has invested 0.04% in FleetCor Technologies, Inc. (NYSE:FLT). Teachers Retirement Of The State Of Kentucky holds 0.11% or 42,261 shares in its portfolio. Graham Capital Management Limited Partnership invested in 4,870 shares or 0.04% of the stock.

Sustainable Growth Advisers Lp decreased its stake in Fleetcor Technologies Inc (FLT) by 5.35% based on its latest 2018Q2 regulatory filing with the SEC. Sustainable Growth Advisers Lp sold 102,014 shares as the company’s stock rose 6.43% with the market. The institutional investor held 1.81 million shares of the miscellaneous company at the end of 2018Q2, valued at $380.38M, down from 1.91 million at the end of the previous reported quarter. Sustainable Growth Advisers Lp who had been investing in Fleetcor Technologies Inc for a number of months, seems to be less bullish one the $20.14B market cap company. The stock increased 0.18% or $0.42 during the last trading session, reaching $227.84. About 884,898 shares traded or 55.69% up from the average. FleetCor Technologies, Inc. (NYSE:FLT) has risen 52.49% since September 30, 2017 and is uptrending. It has outperformed by 36.87% the S&P500.

Sustainable Growth Advisers Lp, which manages about $6.01B and $8.43 billion US Long portfolio, upped its stake in Alliance Data Systems Corp (NYSE:ADS) by 35,788 shares to 711,553 shares, valued at $165.94 million in 2018Q2, according to the filing. It also increased its holding in Schlumberger Ltd (NYSE:SLB) by 834,726 shares in the quarter, for a total of 5.73M shares, and has risen its stake in Yum Brands (NYSE:YUM).

Analysts await FleetCor Technologies, Inc. (NYSE:FLT) to report earnings on November, 7. They expect $2.50 earnings per share, up 24.38 % or $0.49 from last year’s $2.01 per share. FLT’s profit will be $220.97 million for 22.78 P/E if the $2.50 EPS becomes a reality. After $2.41 actual earnings per share reported by FleetCor Technologies, Inc. for the previous quarter, Wall Street now forecasts 3.73 % EPS growth.

FleetCor Technologies, Inc. (NYSE:FLT) Ratings Coverage

Among 2 analysts covering Fleetcor Technologies (NYSE:FLT), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Fleetcor Technologies had 3 analyst reports since May 4, 2018 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Friday, July 20. The rating was maintained by Morgan Stanley with “Overweight” on Friday, August 3. The rating was maintained by Morgan Stanley with “Overweight” on Friday, May 4.

FleetCor Technologies, Inc. (NYSE:FLT) Institutional Positions Chart

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