Sustainable Growth Advisers LP Increased Fleetcor Technologies INC (FLT) Stake as Shares Rose

April 20, 2018 - By Julia Strobel

FleetCor Technologies, Inc. (NYSE:FLT) Corporate LogoDuring 2017 Q4 the big money sentiment decreased to 1.2. That’s change of 0.07, from 2017Q3’s 1.27. 25 investors sold all, 118 reduced holdings as FLT ratio worsened. 99 increased holdings while 73 funds acquired holdings. Funds hold 81.94 million shares thus 2.11% less from 2017Q3’s 83.71 million shares. Virginia Retirement Et Al invested 0.3% in FleetCor Technologies, Inc. (NYSE:FLT). Alta Cap Mngmt Ltd Liability Com stated it has 1.21% of its capital in FleetCor Technologies, Inc. (NYSE:FLT). 5,296 were reported by Cipher Capital Lp. Dubuque Bank And Tru Company accumulated 0% or 31 shs. The New York-based Tiger Global Lc has invested 2.09% in FleetCor Technologies, Inc. (NYSE:FLT). Adage Cap Ptnrs Grp Limited Company reported 0.03% stake. Moreover, Hanseatic Mgmt Serv Incorporated has 0.62% invested in FleetCor Technologies, Inc. (NYSE:FLT). Oppenheimer Asset Mngmt has 0.04% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 9,551 shs. Geode Capital Mgmt Llc reported 653,573 shs. 2,570 are owned by Proshare Advisors Ltd. Teacher Retirement System Of Texas holds 0.03% in FleetCor Technologies, Inc. (NYSE:FLT) or 24,883 shs. Alps Advsr holds 0% or 3,377 shs in its capital. Cibc Asset Mgmt Inc has 0% invested in FleetCor Technologies, Inc. (NYSE:FLT). Northwestern Mutual Wealth Mngmt holds 0% or 44 shs. Panagora Asset reported 2,588 shs or 0% of all its holdings.

Sustainable Growth Advisers Lp increased its stake by 15.02% in Fleetcor Technologies Inc (FLT), according to 2017Q4 SEC filling. 270,574 shares were bought by Sustainable Growth Advisers Lp as the company’s stock rose 4.28% while stock markets declined. The institutional investor is holding 2.07 million shares, compared to the 1.80M from the previous quarter. And the announced value of the miscellaneous company is $398.71 million for the 2017Q4. $18.83B is the MC of Fleetcor Technologies Inc. The stock decreased 0.57% or $1.2 during the last trading session, hitting $209.69.FleetCor Technologies, Inc. has volume of 356,111 shares. Since April 20, 2017 FLT has risen 27.04% and is uptrending. The stock outperformed the S&P 500 by 15.49%.

Sustainable Growth Advisers Lp operates about $6.01 billion and $8.53 billion US Long portfolio. It decreased its stake in Priceline Group Inc/The (NASDAQ:PCLN) by 21,306 shares to 152,362 shares, valued at $264.77M in 2017Q4, according to the filing. Sustainable Growth Advisers Lp has cut its stake in Cerner Corp (NASDAQ:CERN) and also reduced its holding in Core Laboratories Nv (NYSE:CLB) by 549,602 shares in the quarter, for a total of 2.16M shares.

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

In total 8 analysts cover Fleetcor Technologies (NYSE:FLT). “Buy” rating has 7, “Sell” are 0, while 1 are “Hold”. (NYSE:FLT) has 88% bullish analysts. With $247.0 highest and $180.0 lowest price target, Fleetcor Technologies has $221.25 average price target or 5.51% above the current ($209.69) price. 15 are the (NYSE:FLT)’s ratings reports on 20 Apr 2018 according to StockzIntelligence Inc. On Wednesday, November 1 the stock of FleetCor Technologies, Inc. (NYSE:FLT) has “Buy” rating given by Oppenheimer. On Monday, February 5 Oppenheimer maintained FleetCor Technologies, Inc. (NYSE:FLT) rating. Oppenheimer has “Buy” rating and $247.0 target. On Thursday, November 2 the company was maintained by Barclays Capital. The stock rating was maintained by Wells Fargo with “Buy” on Wednesday, January 10. On Thursday, December 21 the company was maintained by Keefe Bruyette & Woods. On Thursday, November 2 Citigroup maintained the shares of FLT in report with “Buy” rating. On Wednesday, January 17 the rating was maintained by Credit Suisse with “Hold”. On Friday, February 9 Credit Suisse maintained the shares of FLT in report with “Neutral” rating. The stock rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, February 8. On Monday, November 13 the rating was maintained by Oppenheimer with “Buy”.

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

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