Timessquare Capital Management LLC Has Increased Its Stake in Fleetcor Technologies INC (FLT) by $7.04 Million as Market Value Declined

June 13, 2018 - By James Hentges

FleetCor Technologies, Inc. (NYSE:FLT) LogoInvestors sentiment decreased to 0.8 in Q1 2018. Its down 0.40, from 1.2 in 2017Q4. It worsened, as 39 investors sold FLT shares while 148 reduced holdings. 53 funds opened positions while 97 raised stakes. 80.19 million shares or 2.14% less from 81.94 million shares in 2017Q4 were reported. Sei Invests Company reported 65,473 shares. Wilbanks Smith And Thomas Asset Mngmt Limited Liability Company holds 1,517 shares or 0.02% of its portfolio. Teachers Retirement System Of The State Of Kentucky reported 29,709 shares. Great West Life Assurance Comm Can holds 48,604 shares. Brinker Inc invested 0.23% in FleetCor Technologies, Inc. (NYSE:FLT). Northern Trust, Illinois-based fund reported 532,499 shares. Balasa Dinverno & Foltz Ltd Liability invested 2.39% in FleetCor Technologies, Inc. (NYSE:FLT). Profund Advsrs Limited Liability Com holds 0.01% in FleetCor Technologies, Inc. (NYSE:FLT) or 1,530 shares. White Elm Ltd Liability Company reported 3.67% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). Voloridge Inv Mngmt Limited Co reported 16,263 shares. 6,188 were accumulated by Fdx Advsr. Tocqueville Asset LP reported 0.09% in FleetCor Technologies, Inc. (NYSE:FLT). Hanson Mcclain has invested 0% in FleetCor Technologies, Inc. (NYSE:FLT). Comml Bank Of Montreal Can has invested 0.01% in FleetCor Technologies, Inc. (NYSE:FLT). Ohio-based Strs Ohio has invested 0% in FleetCor Technologies, Inc. (NYSE:FLT).

Timessquare Capital Management Llc increased its stake in Fleetcor Technologies Inc (FLT) by 4.18% based on its latest 2018Q1 regulatory filing with the SEC. Timessquare Capital Management Llc bought 34,870 shares as the company’s stock declined 0.90% with the market. The institutional investor held 869,640 shares of the miscellaneous company at the end of 2018Q1, valued at $176.10 million, up from 834,770 at the end of the previous reported quarter. Timessquare Capital Management Llc who had been investing in Fleetcor Technologies Inc for a number of months, seems to be bullish on the $18.70B market cap company. The stock increased 1.76% or $3.615 during the last trading session, reaching $208.595. About 184,639 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has risen 43.29% since June 13, 2017 and is uptrending. It has outperformed by 30.72% the S&P500.

Timessquare Capital Management Llc, which manages about $20.35B and $14.70 billion US Long portfolio, decreased its stake in Wageworks Inc (NYSE:WAGE) by 276,546 shares to 2.62 million shares, valued at $118.21 million in 2018Q1, according to the filing. It also reduced its holding in Repligen Corp. (NASDAQ:RGEN) by 190,487 shares in the quarter, leaving it with 2.32M shares, and cut its stake in Milacron Holdings Corp.

More recent FleetCor Technologies, Inc. (NYSE:FLT) news were published by: Prnewswire.com which released: “FLEETCOR INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC …” on June 09, 2018. Also Globenewswire.com published the news titled: “Update: Lawsuit for Investors in shares of FleetCor Technologies, Inc. (NYSE: FLT) announced by Shareholders …” on May 22, 2018. Businesswire.com‘s news article titled: “Kaskela Law LLC Announces Investigation of FleetCor Technologies, Inc. on Behalf of Stockholders” with publication date: June 11, 2018 was also an interesting one.

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

Among 6 analysts covering Fleetcor Technologies (NYSE:FLT), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Fleetcor Technologies had 10 analyst reports since December 21, 2017 according to SRatingsIntel. As per Friday, February 9, the company rating was maintained by Credit Suisse. The company was maintained on Wednesday, January 10 by Wells Fargo. The stock has “Buy” rating by Keefe Bruyette & Woods on Thursday, February 8. The firm earned “Overweight” rating on Friday, May 4 by Morgan Stanley. The firm has “Buy” rating given on Monday, February 5 by Oppenheimer. Keefe Bruyette & Woods maintained it with “Buy” rating and $221.0 target in Thursday, December 21 report. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, March 14. The rating was maintained by Credit Suisse with “Hold” on Wednesday, January 17.

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

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