Breaking: Flight Safety Technologies Inc (NYSE:FLT) Institutional Investor Sentiment Is 1.07

November 29, 2016 - By Darrin Black   ·   0 Comments

Breaking: Flight Safety Technologies Inc (NYSE:FLT) Institutional Investor Sentiment Is 1.07

Sentiment for Flight Safety Technologies Inc (NYSE:FLT)

Flight Safety Technologies Inc (NYSE:FLT) institutional sentiment decreased to 1.07 in Q2 2016. Its down -0.31, from 1.38 in 2016Q1. The ratio dropped, as 174 funds started new and increased positions, while 126 reduced and sold their holdings in Flight Safety Technologies Inc. The funds in our partner’s database now hold: 83.83 million shares, down from 86.65 million shares in 2016Q1. Also, the number of funds holding Flight Safety Technologies Inc in their top 10 positions decreased from 24 to 21 for a decrease of 3. Sold All: 20 Reduced: 106 Increased: 128 New Position: 46.

FleetCor Technologies, Inc. is an independent global well-known provider of fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment services and products to businesses, retailers, commercial fleets, oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. The company has a market cap of $13.57 billion. The Firm operates in two divisions: North America and International. It has a 34.84 P/E ratio. In North America, the Company sells a fuel card product, commercial payment and data solutions, lodging and transportation management services, gift card and stored value solutions, as well as a fleet telematics offering.

About 368,701 shares traded hands. FleetCor Technologies, Inc. (NYSE:FLT) has declined 2.49% since April 26, 2016 and is downtrending. It has underperformed by 7.75% the S&P500.

Analysts await FleetCor Technologies, Inc. (NYSE:FLT) to report earnings on February, 2. They expect $1.74 earnings per share, up 33.85% or $0.44 from last year’s $1.3 per share. FLT’s profit will be $157.37 million for 21.56 P/E if the $1.74 EPS becomes a reality. After $1.78 actual earnings per share reported by FleetCor Technologies, Inc. for the previous quarter, Wall Street now forecasts -2.25% negative EPS growth.

According to Zacks Investment Research, “FleetCor is a leading independent global provider of fuel cards, commercial payment and data solutions, lodging and transportation management services, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. They also provide a suite of fleet related and workforce payment solution products, including mobile telematics services, fleet maintenance management and employee benefit and transportation related payments.”

12 West Capital Management Lp holds 32.72% of its portfolio in FleetCor Technologies, Inc. for 1.42 million shares. Hillman Co owns 239,144 shares or 16.95% of their US portfolio. Moreover, Levasseur Capital Partners Llc has 15.14% invested in the company for 63,675 shares. The New York-based Tiger Global Management Llc has invested 9.22% in the stock. Marble Arch Investments Lp, a New York-based fund reported 747,000 shares.#img1#

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

Ratings analysis reveals 92% of Fleetcor Technologies’s analysts are positive. Out of 12 Wall Street analysts rating Fleetcor Technologies, 11 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $75 while the high is $190. The stock’s average target of $166.08 is 10.69% above today’s ($150.04) share price. FLT was included in 28 notes of analysts from August 6, 2015. The rating was maintained by Keefe Bruyette & Woods with “Outperform” on Wednesday, February 3. On Friday, June 24 the stock rating was initiated by Suntrust Robinson with “Buy”. Wells Fargo upgraded FleetCor Technologies, Inc. (NYSE:FLT) on Friday, November 18 to “Outperform” rating. SunTrust initiated FleetCor Technologies, Inc. (NYSE:FLT) on Friday, June 24 with “Buy” rating. The rating was downgraded by Evercore on Wednesday, September 30 to “Hold”. On Monday, September 14 the stock rating was initiated by Keefe Bruyette & Woods with “Outperform”. The firm earned “Neutral” rating on Friday, August 14 by JP Morgan. The company was maintained on Wednesday, August 19 by Oppenheimer. On Monday, September 19 the stock rating was maintained by Monness Crespi & Hardt with “Buy”. The firm earned “Neutral” rating on Friday, April 15 by Compass Point.

FLT Company Profile

FleetCor Technologies, Inc., incorporated on February 3, 1998, is an independent global well-known provider of fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment services and products to businesses, retailers, commercial fleets, oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. The Firm operates in two divisions: North America and International. In North America, the Company sells a fuel card product, commercial payment and data solutions, lodging and transportation management services, gift card and stored value solutions, as well as a fleet telematics offering. In its International segment, the Company provides fuel card and related fuel services, work force payment and vehicle maintenance management solutions. It sells a range of customized fleet and lodging payment programs to its clients through partners, such as oil companies, leasing companies and petroleum marketers. The Firm provides clients with various card products that function like a charge card to purchase fuel, lodging, food, toll, transportation and related services and products at participating locations. It supports these cards with specialized issuing, processing and information services that enable it to manage card accounts, facilitate the routing, authorization, clearing and settlement of transactions, and provide value-added functionality and data, including customizable card-level controls and productivity analysis tools. It provides these services in a range of outsourced solutions ranging from end-to-end solution (encompassing issuing, processing and network services) to limited back office processing services.

More news for FleetCor Technologies, Inc. (NYSE:FLT) were recently published by: Fool.com, which released: “Why FleetCor Technologies Stock Flopped Today” on November 02, 2016. Forbes.com‘s article titled: “FleetCor Technologies Enters Oversold Territory (FLT)” and published on November 02, 2016 is yet another important article.

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By Darrin Black

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