Fukoku Mutual Life Insurance Company Trimmed Albemarle (ALB) Holding by $856,800; Share Value Rose; Fleetcor Technologies (FLT) Stock Price Declined While Steadfast Capital Management LP Has Boosted by $29.53 Million Its Stake

February 20, 2018 - By Linda Rogers

Robert Pitts increased its stake in Fleetcor Technologies Inc (FLT) by 9.35% based on its latest 2017Q3 regulatory filing with the SEC. Steadfast Capital Management Lp bought 191,749 shares as the company’s stock declined 18.44% while stock markets rallied. The hedge fund run by Robert Pitts held 2.24 million shares of the miscellaneous company at the end of 2017Q3, valued at $346.91 million, up from 2.05M at the end of the previous reported quarter. Steadfast Capital Management Lp who had been investing in Fleetcor Technologies Inc for a number of months, seems to be bullish on the $17.84B market cap company. The stock increased 1.14% or $2.24 during the last trading session, reaching $198.6. About 693,396 shares traded or 13.84% up from the average. FleetCor Technologies, Inc. (NYSE:FLT) has declined 6.67% since February 20, 2017 and is downtrending. It has underperformed by 23.37% the S&P500.

Fukoku Mutual Life Insurance Company decreased its stake in Albemarle Corp (ALB) by 82.89% based on its latest 2017Q3 regulatory filing with the SEC. Fukoku Mutual Life Insurance Company sold 6,300 shares as the company’s stock rose 20.02% with the market. The institutional investor held 1,300 shares of the major chemicals company at the end of 2017Q3, valued at $177,000, down from 7,600 at the end of the previous reported quarter. Fukoku Mutual Life Insurance Company who had been investing in Albemarle Corp for a number of months, seems to be less bullish one the $12.40B market cap company. The stock decreased 2.07% or $2.37 during the last trading session, reaching $112.24. About 1.67 million shares traded. Albemarle Corporation (NYSE:ALB) has risen 45.60% since February 20, 2017 and is uptrending. It has outperformed by 28.90% the S&P500.

Investors sentiment increased to 1.27 in Q3 2017. Its up 0.36, from 0.91 in 2017Q2. It increased, 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. Bluecrest Capital Mngmt invested in 35,753 shares or 0.22% of the stock. Tributary Management Ltd Company holds 15,240 shares or 0.2% of its portfolio. 2,859 were accumulated by Nordea. Gradient Invests Limited Liability accumulated 0.02% or 2,189 shares. Bank & Trust owns 1,580 shares for 0% of their portfolio. Dubuque Bancshares & Tru stated it has 0% in FleetCor Technologies, Inc. (NYSE:FLT). Voya Inv Mgmt Limited Liability reported 35,020 shares or 0.01% of all its holdings. State Of Wisconsin Inv Board accumulated 0.05% or 106,383 shares. Westpac owns 5,484 shares for 0.02% of their portfolio. Jennison Associate Limited Liability has invested 0.71% in FleetCor Technologies, Inc. (NYSE:FLT). Pub Employees Retirement Systems Of Ohio owns 0.03% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 39,870 shares. First Mercantile Com accumulated 4,300 shares or 0.12% of the stock. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv invested in 0.07% or 48,100 shares. California Public Employees Retirement reported 170,177 shares stake. Hsbc Hldg Public Ltd Liability has invested 0% in FleetCor Technologies, Inc. (NYSE:FLT).

Among 17 analysts covering Fleetcor Technologies (NYSE:FLT), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Fleetcor Technologies had 54 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was upgraded by Susquehanna to “Positive” on Thursday, August 6. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Outperform” rating by Keefe Bruyette & Woods on Monday, September 14. Wells Fargo maintained FleetCor Technologies, Inc. (NYSE:FLT) on Wednesday, January 10 with “Buy” rating. The firm earned “Neutral” rating on Friday, April 15 by Compass Point. The rating was initiated by Credit Suisse on Friday, December 11 with “Neutral”. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, September 21. The firm earned “Buy” rating on Monday, February 5 by Oppenheimer. JP Morgan maintained FleetCor Technologies, Inc. (NYSE:FLT) on Friday, August 14 with “Neutral” rating. The rating was upgraded by Wells Fargo to “Outperform” on Friday, November 18. The rating was downgraded by Evercore on Wednesday, September 30 to “Hold”.

Steadfast Capital Management Lp, which manages about $8.17 billion and $6.46 billion US Long portfolio, decreased its stake in Autodesk Inc (NASDAQ:ADSK) by 114,058 shares to 1.71 million shares, valued at $192.23M in 2017Q3, according to the filing. It also reduced its holding in Visa Inc (NYSE:V) by 39,740 shares in the quarter, leaving it with 1.35M shares, and cut its stake in Dollar Tree Inc (NASDAQ:DLTR).

Among 21 analysts covering Albemarle Corporation (NYSE:ALB), 13 have Buy rating, 0 Sell and 8 Hold. Therefore 62% are positive. Albemarle Corporation had 63 analyst reports since August 7, 2015 according to SRatingsIntel. As per Monday, November 13, the company rating was maintained by Citigroup. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, November 9. The stock of Albemarle Corporation (NYSE:ALB) earned “Buy” rating by Oppenheimer on Wednesday, August 16. The rating was downgraded by Goldman Sachs to “Neutral” on Friday, October 6. The firm has “Buy” rating given on Friday, September 1 by KeyBanc Capital Markets. The company was maintained on Friday, March 17 by RBC Capital Markets. The stock of Albemarle Corporation (NYSE:ALB) has “Buy” rating given on Thursday, August 20 by Deutsche Bank. The firm earned “Buy” rating on Tuesday, December 29 by Jefferies. The company was downgraded on Monday, September 25 by Robert W. Baird. The company was maintained on Monday, October 16 by KeyBanc Capital Markets.

Fukoku Mutual Life Insurance Company, which manages about $677.56 million US Long portfolio, upped its stake in Unitedhealth Group Inc (NYSE:UNH) by 9,300 shares to 12,700 shares, valued at $2.49 million in 2017Q3, according to the filing. It also increased its holding in Qualcomm Inc (NASDAQ:QCOM) by 85,800 shares in the quarter, for a total of 91,160 shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

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