Hillman Co buys $26,748,346 stake in FleetCor Technologies (FLT)

FleetCor Technologies (FLT) : Hillman Co scooped up 2,117 additional shares in FleetCor Technologies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 177,294 shares of FleetCor Technologies which is valued at $26,748,346.FleetCor Technologies makes up approximately 14.25% of Hillman Co’s portfolio.

FleetCor Technologies opened for trading at $152.91 and hit $154.77 on the upside on Wednesday, eventually ending the session at $153.48, with a gain of 0.18% or 0.28 points. The heightened volatility saw the trading volume jump to 5,35,797 shares. Company has a market cap of $14,215 M.

Other Hedge Funds, Including , Cue Financial Group sold out all of its stake in FLT during the most recent quarter. The investment firm sold 6,095 shares of FLT which is valued $919,553.Jaffetilchin Investment Partners reduced its stake in FLT by selling 750 shares or 34.42% in the most recent quarter. The Hedge Fund company now holds 1,429 shares of FLT which is valued at $215,593. FleetCor Technologies makes up approx 0.07% of Jaffetilchin Investment Partners’s portfolio.British Columbia Investment Management Corp reduced its stake in FLT by selling 1,086 shares or 2.71% in the most recent quarter. The Hedge Fund company now holds 39,052 shares of FLT which is valued at $5,725,414. FleetCor Technologies makes up approx 0.05% of British Columbia Investment Management Corp’s portfolio.First American Bank boosted its stake in FLT in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 2,435 shares of FleetCor Technologies which is valued at $356,995. FleetCor Technologies makes up approx 0.04% of First American Bank’s portfolio.

On the company’s financial health, FleetCor Technologies reported $1.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $1.61. The company had revenue of $4330.60 million for the quarter, compared to analysts expectations of $432.27 million. The company’s revenue was up 1049.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 EPS.

Many Wall Street Analysts have commented on FleetCor Technologies. Compass Point Initiated FleetCor Technologies on Apr 15, 2016 to “Neutral”, Price Target of the shares are set at $145.Shares were Reiterated by Monness Crespi & Hardt on Jan 27, 2016 to “Buy” and Lowered the Price Target to $ 173 from a previous price target of $184 .

FleetCor Technologies Inc. is an independent global provider of fuel cards commercial payment and data solutions stored value solutions and workforce payment products and services to businesses retailers commercial fleets oil companies petroleum marketers and Government entities in countries. The Company operates in two segments: North America and International. In North America the Company sells a fuel card product commercial payment and data solutions as well as a fleet telematics offering which allows customers to track the location of mobile workers in field-based businesses as well as over-the-road trucking fleets. In its International segment the Company provides small and mid-sized fleets with fuel cards to control and manage spending. Additionally the Company provides a similar fuel product in its International segment to over-the-road trucking fleets shipping fleets and other operators of heavily industrialized equipment.

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