As Fleetcor Technologies (FLT) Valuation Rose, Montag & Caldwell Has Upped Its Stake by $31.19 Million; Goodyear Tire & Rubber Co Com (GT) Shareholder Birmingham Capital Management Co Trimmed Its Stake by $576,640

April 25, 2018 - By Adrian Mccoy

The Goodyear Tire & Rubber Company (NASDAQ:GT) Logo

Montag & Caldwell Llc increased its stake in Fleetcor Technologies Inc (FLT) by 62.21% based on its latest 2017Q4 regulatory filing with the SEC. Montag & Caldwell Llc bought 162,464 shares as the company’s stock rose 4.28% while stock markets declined. The institutional investor held 423,629 shares of the miscellaneous company at the end of 2017Q4, valued at $81.52M, up from 261,165 at the end of the previous reported quarter. Montag & Caldwell Llc who had been investing in Fleetcor Technologies Inc for a number of months, seems to be bullish on the $18.15B market cap company. The stock decreased 1.79% or $3.67 during the last trading session, reaching $202.09. About 124,077 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has risen 27.04% since April 25, 2017 and is uptrending. It has outperformed by 15.49% the S&P500.

Birmingham Capital Management Co Inc decreased its stake in Goodyear Tire & Rubber Co Com (GT) by 9.15% based on its latest 2017Q4 regulatory filing with the SEC. Birmingham Capital Management Co Inc sold 18,020 shares as the company’s stock declined 18.63% with the market. The institutional investor held 178,875 shares of the automotive aftermarket company at the end of 2017Q4, valued at $5.78 million, down from 196,895 at the end of the previous reported quarter. Birmingham Capital Management Co Inc who had been investing in Goodyear Tire & Rubber Co Com for a number of months, seems to be less bullish one the $6.17 billion market cap company. The stock decreased 4.58% or $1.23 during the last trading session, reaching $25.64. About 3.56 million shares traded or 14.57% up from the average. The Goodyear Tire & Rubber Company (NASDAQ:GT) has declined 25.73% since April 25, 2017 and is downtrending. It has underperformed by 37.28% the S&P500.

Birmingham Capital Management Co Inc, which manages about $295.57 million and $261.31M US Long portfolio, upped its stake in General Mills (NYSE:GIS) by 10,400 shares to 17,400 shares, valued at $1.03 million in 2017Q4, according to the filing.

Among 13 analysts covering Goodyear Tire (NASDAQ:GT), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Goodyear Tire had 36 analyst reports since October 28, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Goldman Sachs given on Thursday, March 30. Deutsche Bank downgraded the stock to “Hold” rating in Friday, July 28 report. Standpoint Research downgraded the shares of GT in report on Wednesday, March 30 to “Hold” rating. On Thursday, April 19 the stock rating was maintained by Guggenheim with “Hold”. On Wednesday, October 28 the stock rating was downgraded by Standpoint Research to “Hold”. The firm has “Buy” rating given on Thursday, January 14 by Standpoint Research. On Thursday, November 9 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. JP Morgan maintained The Goodyear Tire & Rubber Company (NASDAQ:GT) rating on Monday, October 30. JP Morgan has “Overweight” rating and $38 target. Berenberg initiated The Goodyear Tire & Rubber Company (NASDAQ:GT) on Tuesday, November 22 with “Buy” rating. Jefferies initiated The Goodyear Tire & Rubber Company (NASDAQ:GT) on Tuesday, November 29 with “Buy” rating.

Investors sentiment decreased to 0.75 in 2017 Q4. Its down 0.29, from 1.04 in 2017Q3. It worsened, as 41 investors sold GT shares while 163 reduced holdings. 40 funds opened positions while 112 raised stakes. 211.29 million shares or 6.62% less from 226.27 million shares in 2017Q3 were reported. Gemmer Asset Ltd Liability Company holds 0% in The Goodyear Tire & Rubber Company (NASDAQ:GT) or 181 shares. Public Sector Pension Board reported 26,823 shares. 124,245 were accumulated by British Columbia Investment Corp. Dupont Capital Mgmt Corporation has 0% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT). Amica Pension Fund Board Of Trustees stated it has 0.03% of its portfolio in The Goodyear Tire & Rubber Company (NASDAQ:GT). Regent Inv Ltd reported 17,576 shares. The United Kingdom-based Barclays Public Ltd has invested 0.04% in The Goodyear Tire & Rubber Company (NASDAQ:GT). Susquehanna Intll Gp Llp accumulated 0% or 277,163 shares. Olstein Cap Management Ltd Partnership has invested 0.98% in The Goodyear Tire & Rubber Company (NASDAQ:GT). Birmingham Capital Al has invested 2.21% of its portfolio in The Goodyear Tire & Rubber Company (NASDAQ:GT). Aqr Cap Management Ltd Liability Company invested in 1.82 million shares or 0.06% of the stock. Greenleaf Tru holds 436 shares or 0% of its portfolio. 19,104 are owned by Commerzbank Aktiengesellschaft Fi. Utah Retirement owns 0.03% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT) for 45,742 shares. Cedar Hill Ltd Llc reported 240,638 shares stake.

Investors sentiment decreased to 1.2 in 2017 Q4. Its down 0.07, from 1.27 in 2017Q3. It dropped, as 25 investors sold FLT shares while 118 reduced holdings. 73 funds opened positions while 99 raised stakes. 81.94 million shares or 2.11% less from 83.71 million shares in 2017Q3 were reported. 24,892 are owned by Glenmede Trust Co Na. The Washington-based Cornerstone Advsrs Inc has invested 0% in FleetCor Technologies, Inc. (NYSE:FLT). Aviva Public Limited Com stated it has 49,714 shares or 0.05% of all its holdings. Earnest Prtnrs Limited Liability Corporation invested 0% in FleetCor Technologies, Inc. (NYSE:FLT). 8,445 are held by Cambridge Rech Advsr. Lederer & Associates Counsel Ca invested 1.27% in FleetCor Technologies, Inc. (NYSE:FLT). Argentiere Capital Ag has 19,400 shares. Livforsakringsbolaget Skandia Omsesidigt holds 0.03% or 1,373 shares in its portfolio. Andra Ap, a Alabama-based fund reported 7,900 shares. Echo Street Cap Mngmt Limited Liability Com reported 656,609 shares or 3.81% of all its holdings. Principal Finance Gru holds 12,836 shares. Shell Asset Management Company holds 0.02% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT) for 5,770 shares. Tiger Glob Lc holds 2.09% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT) for 1.38 million shares. Tokio Marine Asset Management, Japan-based fund reported 60,500 shares. The New York-based Bamco Ny has invested 0.53% 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 55 analyst reports since August 6, 2015 according to SRatingsIntel. On Thursday, July 13 the stock rating was maintained by Citigroup with “Buy”. The company was maintained on Tuesday, October 24 by SunTrust. As per Wednesday, September 20, the company rating was maintained by Oppenheimer. As per Friday, February 9, the company rating was maintained by Credit Suisse. JP Morgan maintained it with “Overweight” rating and $138 target in Friday, May 5 report. The stock has “Hold” rating by Credit Suisse on Wednesday, January 17. The firm has “Buy” rating given on Wednesday, April 5 by Jefferies. The stock of FleetCor Technologies, Inc. (NYSE:FLT) has “Positive” rating given on Thursday, August 6 by Susquehanna. Morgan Stanley maintained it with “Overweight” rating and $194 target in Thursday, November 2 report. Oppenheimer maintained FleetCor Technologies, Inc. (NYSE:FLT) rating on Thursday, August 3. Oppenheimer has “Buy” rating and $18500 target.

Montag & Caldwell Llc, which manages about $14.22 billion and $3.18 billion US Long portfolio, decreased its stake in Alphabet Inc Cl A by 1,645 shares to 146,355 shares, valued at $154.17 million in 2017Q4, according to the filing. It also reduced its holding in Intercontinental Exchange Inc (NYSE:ICE) by 156,129 shares in the quarter, leaving it with 1.46 million shares, and cut its stake in Becton Dickinson And Co (NYSE:BDX).

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

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