As Fleetcor Technologies INC (FLT) Stock Value Declined, Brown Brothers Harriman & Co Has Lifted Holding

March 15, 2018 - By Stephen Andrade

Investors sentiment increased to 1.27 in 2017 Q3. Its up 0.36, from 0.91 in 2017Q2. It improved, as 26 investors sold FLT shares while 99 reduced holdings. 39 funds opened positions while 120 raised stakes. 83.71 million shares or 5.44% less from 88.52 million shares in 2017Q2 were reported. Moreover, Principal Group has 0% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 11,921 shares. Wellington Mngmt Group Llp has invested 0.14% in FleetCor Technologies, Inc. (NYSE:FLT). Peak6 Invests LP holds 0.04% or 48,689 shares. Pension Ser holds 96,936 shares or 0.08% of its portfolio. Mitsubishi Ufj Tru And Banking Corporation invested 0.05% in FleetCor Technologies, Inc. (NYSE:FLT). Goldman Sachs Grp reported 641,223 shares or 0.02% of all its holdings. 665,748 are owned by Geode Capital Mgmt Lc. 49,275 are held by Great West Life Assurance Can. Asset Management Inc has 0.02% invested in FleetCor Technologies, Inc. (NYSE:FLT). 1,727 were accumulated by American Century Companies Incorporated. Brown Brothers Harriman And reported 3.79% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). Moreover, Credit Suisse Ag has 0.02% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 164,334 shares. Avalon Advsrs Llc, a Texas-based fund reported 9,351 shares. 528,918 are held by Pennant Cap Management Limited Liability Company. Petrus Commerce Lta owns 77,021 shares.

Brown Brothers Harriman & Co increased its stake in Fleetcor Technologies Inc (FLT) by 1.89% based on its latest 2017Q3 regulatory filing with the SEC. Brown Brothers Harriman & Co bought 85,461 shares as the company’s stock declined 18.44% while stock markets rallied. The institutional investor held 4.60 million shares of the miscellaneous company at the end of 2017Q3, valued at $712.23 million, up from 4.52 million at the end of the previous reported quarter. Brown Brothers Harriman & Co who had been investing in Fleetcor Technologies Inc for a number of months, seems to be bullish on the $18.59B market cap company. The stock decreased 0.44% or $0.91 during the last trading session, reaching $206.99. About 160,570 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has declined 6.67% since March 15, 2017 and is downtrending. It has underperformed by 23.37% the S&P500.

Brown Brothers Harriman & Co, which manages about $12.77B and $18.77 billion US Long portfolio, decreased its stake in Diageo Plc (NYSE:DEO) by 83,463 shares to 3.97 million shares, valued at $524.20M in 2017Q3, according to the filing. It also reduced its holding in Bed Bath & Beyond Inc (NASDAQ:BBBY) by 3.60M shares in the quarter, leaving it with 101,408 shares, and cut its stake in Us Bancorp (NYSE:USB).

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

Among 17 analysts covering Fleetcor Technologies (NYSE:FLT), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Fleetcor Technologies had 55 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Buy” on Wednesday, April 5. The rating was maintained by Morgan Stanley on Wednesday, October 18 with “Overweight”. As per Friday, February 9, the company rating was maintained by Credit Suisse. Citigroup maintained the shares of FLT in report on Thursday, November 2 with “Buy” rating. The firm earned “Neutral” rating on Friday, April 15 by Compass Point. The firm earned “Hold” rating on Wednesday, January 17 by Credit Suisse. The stock of FleetCor Technologies, Inc. (NYSE:FLT) has “Buy” rating given on Tuesday, October 24 by SunTrust. The rating was maintained by Oppenheimer on Thursday, August 3 with “Buy”. The firm has “Positive” rating given on Thursday, August 6 by Susquehanna. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Outperform” rating by Keefe Bruyette & Woods on Monday, September 14.

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