Echo Street Capital Management Trimmed Align Technology (ALGN) Holding By $1.62 Million; Logan Capital Management Has Cut Fleetcor Technologies (FLT) Position

April 24, 2018 - By Louis Casey

Align Technology, Inc. (NASDAQ:ALGN) Logo

Logan Capital Management Inc decreased Fleetcor Technologies (FLT) stake by 2.9% reported in 2017Q4 SEC filing. Logan Capital Management Inc sold 1,838 shares as Fleetcor Technologies (FLT)’s stock rose 4.28%. The Logan Capital Management Inc holds 61,512 shares with $11.84M value, down from 63,350 last quarter. Fleetcor Technologies now has $18.54 billion valuation. The stock increased 0.04% or $0.08 during the last trading session, reaching $206.47. About 216,804 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has risen 27.04% since April 24, 2017 and is uptrending. It has outperformed by 15.49% the S&P500.

Echo Street Capital Management Llc decreased Align Technology Inc (ALGN) stake by 15.66% reported in 2017Q4 SEC filing. Echo Street Capital Management Llc sold 7,284 shares as Align Technology Inc (ALGN)’s stock rose 11.29%. The Echo Street Capital Management Llc holds 39,235 shares with $8.72M value, down from 46,519 last quarter. Align Technology Inc now has $19.38 billion valuation. The stock decreased 2.20% or $5.45 during the last trading session, reaching $241.75. About 546,296 shares traded. Align Technology, Inc. (NASDAQ:ALGN) has risen 117.77% since April 24, 2017 and is uptrending. It has outperformed by 106.22% the S&P500.

Analysts await FleetCor Technologies, Inc. (NYSE:FLT) to report earnings on May, 7. They expect $2.19 earnings per share, up 23.73% or $0.42 from last year’s $1.77 per share. FLT’s profit will be $196.68M for 23.57 P/E if the $2.19 EPS becomes a reality. After $2.22 actual earnings per share reported by FleetCor Technologies, Inc. for the previous quarter, Wall Street now forecasts -1.35% negative EPS growth.

Investors sentiment decreased to 1.2 in 2017 Q4. Its down 0.07, from 1.27 in 2017Q3. It fall, 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. Wellington Group Incorporated Ltd Liability Partnership owns 5.17M shares. Alliancebernstein Lp reported 61,216 shares. Pitcairn holds 0.27% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT) for 14,265 shares. Sheets Smith Wealth owns 3,676 shares or 0.17% of their US portfolio. Pub Employees Retirement System Of Ohio stated it has 0.04% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). Tuttle Tactical Mgmt Ltd owns 7,681 shares. Neuberger Berman Group Llc, a New York-based fund reported 1,460 shares. Kornitzer Capital Mgmt Ks holds 0.3% or 92,710 shares. Ls Inv Advsr Limited Liability Corporation owns 0.02% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 1,571 shares. Tributary Cap Mgmt Ltd has invested 0.26% in FleetCor Technologies, Inc. (NYSE:FLT). Alta Management Limited Liability invested in 100,187 shares or 1.21% of the stock. Plante Moran Financial Advsr Limited Liability Company holds 0% or 17 shares. Royal Bankshares Of Canada, Ontario – Canada-based fund reported 82,366 shares. Nomura Asset Limited reported 0.03% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). 1,100 were reported by Old Mutual Customised Solutions (Proprietary).

Logan Capital Management Inc increased Merck & Co Inc (NYSE:MRK) stake by 32,186 shares to 153,604 valued at $8.64M in 2017Q4. It also upped Schwab Charles Cp New Com (NYSE:SCHW) stake by 6,902 shares and now owns 13,832 shares. Ishares Tr Russell1000grw (IWF) was raised too.

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 firm earned “Overweight” rating on Thursday, November 2 by Morgan Stanley. The firm has “Hold” rating by Oppenheimer given on Wednesday, August 19. Wells Fargo maintained it with “Buy” rating and $225.0 target in Wednesday, January 10 report. The rating was maintained by Credit Suisse on Wednesday, January 17 with “Hold”. Keefe Bruyette & Woods initiated the shares of FLT in report on Monday, September 14 with “Outperform” rating. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, March 14 report. Barclays Capital maintained FleetCor Technologies, Inc. (NYSE:FLT) on Wednesday, September 21 with “Overweight” rating. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Buy” rating by Citigroup on Thursday, November 2. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Neutral” rating by Compass Point on Friday, April 15. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods.

Among 15 analysts covering Align Technology (NASDAQ:ALGN), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Align Technology had 57 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Friday, January 29 with “Buy”. The stock of Align Technology, Inc. (NASDAQ:ALGN) earned “Buy” rating by Stifel Nicolaus on Tuesday, October 17. Stifel Nicolaus maintained Align Technology, Inc. (NASDAQ:ALGN) on Sunday, August 6 with “Buy” rating. Bank of America upgraded it to “Buy” rating and $19300 target in Friday, July 28 report. On Friday, July 28 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by Credit Suisse with “Buy” on Friday, April 6. The firm has “Hold” rating given on Friday, January 19 by Stephens. The firm has “Buy” rating given on Wednesday, May 31 by Jefferies. On Monday, October 3 the stock rating was downgraded by Robert W. Baird to “Neutral”. The stock of Align Technology, Inc. (NASDAQ:ALGN) has “Buy” rating given on Monday, September 11 by Stifel Nicolaus.

Echo Street Capital Management Llc increased Smith A O (NYSE:AOS) stake by 51,593 shares to 244,593 valued at $14.99M in 2017Q4. It also upped Cerner Corp (NASDAQ:CERN) stake by 8,426 shares and now owns 225,234 shares. Fleetcor Technologies Inc (NYSE:FLT) was raised too.

Investors sentiment is 0.93 in 2017 Q4. Its the same as in 2017Q3. It is without change, as 37 investors sold ALGN shares while 216 reduced holdings. only 100 funds opened positions while 136 raised stakes. 60.90 million shares or 3.22% less from 62.92 million shares in 2017Q3 were reported. Rathbone Brothers Public Ltd holds 242,900 shares. Suntrust Banks Inc accumulated 0.03% or 21,975 shares. State Of Tennessee Treasury Department, Tennessee-based fund reported 18,667 shares. Endurance Wealth accumulated 0.03% or 700 shares. Iberiabank Corporation owns 6,800 shares. Lincoln has 1,406 shares. 1,820 are held by Visionary Asset Management. New York-based Gabelli Funds Lc has invested 0.01% in Align Technology, Inc. (NASDAQ:ALGN). Utah Retirement Systems invested in 14,700 shares. Tru Com Of Vermont stated it has 0.02% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN). Bbva Compass National Bank reported 3,101 shares. Smith Asset Management Group Lp holds 1.08% in Align Technology, Inc. (NASDAQ:ALGN) or 154,100 shares. Japan-based Nomura Asset Management Limited has invested 0.05% in Align Technology, Inc. (NASDAQ:ALGN). Bnp Paribas Arbitrage Sa holds 0.01% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN) for 33,790 shares. Keybank National Association Oh holds 0.01% or 4,679 shares.

Analysts await Align Technology, Inc. (NASDAQ:ALGN) to report earnings on April, 25 after the close. They expect $0.98 EPS, up 15.29% or $0.13 from last year’s $0.85 per share. ALGN’s profit will be $78.54 million for 61.67 P/E if the $0.98 EPS becomes a reality. After $1.19 actual EPS reported by Align Technology, Inc. for the previous quarter, Wall Street now forecasts -17.65% negative EPS growth.

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

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