Traders Purchase Large Volume of Call Options on Fleetcor (FLT)

Fleetcor (NYSE:FLT) saw some unusual options trading on Wednesday. Stock traders bought 1,583 call options on the company. This represents an increase of 1,081% compared to the typical volume of 134 call options.

Fleetcor stock opened at $200.68 on Friday. The stock has a market cap of $17,978.83, a P/E ratio of 25.47, a P/E/G ratio of 1.26 and a beta of 1.46. Fleetcor has a 52 week low of $121.52 and a 52 week high of $213.74. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.79.

Fleetcor (NYSE:FLT) last posted its earnings results on Thursday, February 8th. The business services provider reported $2.42 EPS for the quarter, topping the consensus estimate of $2.33 by $0.09. The firm had revenue of $610.00 million for the quarter, compared to analyst estimates of $605.87 million. Fleetcor had a return on equity of 21.15% and a net margin of 32.90%. Fleetcor’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the company earned $1.90 earnings per share. research analysts anticipate that Fleetcor will post 9.6 earnings per share for the current fiscal year.



Several brokerages have recently issued reports on FLT. Zacks Investment Research cut Fleetcor from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. Morgan Stanley raised their price objective on Fleetcor from $194.00 to $232.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. SunTrust Banks set a $240.00 price objective on Fleetcor and gave the stock a “buy” rating in a research note on Monday, February 5th. Credit Suisse Group raised their price objective on Fleetcor from $186.00 to $206.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Finally, Oppenheimer raised their price objective on Fleetcor from $194.00 to $247.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $209.14.

A number of institutional investors have recently bought and sold shares of FLT. Captrust Financial Advisors acquired a new stake in Fleetcor during the fourth quarter worth about $156,000. First Personal Financial Services grew its holdings in Fleetcor by 31.4% in the fourth quarter. First Personal Financial Services now owns 1,020 shares of the business services provider’s stock valued at $196,000 after purchasing an additional 244 shares during the period. Lombard Odier Asset Management Europe Ltd acquired a new stake in Fleetcor in the fourth quarter valued at approximately $207,000. HBK Sorce Advisory LLC acquired a new stake in Fleetcor in the fourth quarter valued at approximately $211,000. Finally, SG Americas Securities LLC acquired a new stake in Fleetcor in the fourth quarter valued at approximately $216,000. 94.36% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This article was reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://dakotafinancialnews.com/2018/04/13/traders-purchase-large-volume-of-call-options-on-fleetcor-flt.html.

Fleetcor Company Profile

Warning: file_get_contents(https://ca.finance.yahoo.com/quote/FLT/profile?p=FLT): failed to open stream: HTTP request failed! HTTP/1.0 502 Cannot find server.
in /home/acctmp/public_html/download.php on line 7

Receive News & Ratings for Fleetcor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fleetcor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply