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Fleetcor (FLT)

FLEETCOR Technologies s a leading global business payments company that simplifies the way businesses manage and pay their expenses. The FLEETCOR portfolio of brands help companies automate, secure, digitize and control payments on behalf of, their employees and suppliers. FLEETCOR serves businesses, partners and merchants in North America, Latin America, Europe, and Asia Pacific.

Company profile

Ticker
FLT
Exchange
CEO
Ronald Clarke
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
FleetCor Technologies Operating Company, LLC • FleetCor Funding, LLC • Mannatec, Inc. • FleetCor Jersey Holding Limited • CFN Holding Co. • CLC Group, Inc. • Corporate Lodging Consultants, Inc. • Crew Transportation Specialists, Inc. • FleetCor Commercial Card Management (Canada) Ltd. • FleetCor Technologies Operating Company ...

FLT stock data

Calendar

8 Aug 22
15 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
27 Jun 22 Clarke Ronald Common Stock Option exercise Acquire M No No 35.04 173,333 6.07M 1,973,950
27 Jun 22 Clarke Ronald Common Stock Payment of exercise Dispose F No No 218.75 93,417 20.43M 1,800,617
27 Jun 22 Clarke Ronald Employee Stock Options Common Stock Option exercise Dispose M No No 35.04 173,333 6.07M 0
22 Apr 22 Alissa B Vickery Common Stock Payment of exercise Dispose F No No 258.69 29 7.5K 1,127
10 Apr 22 Alissa B Vickery Common Stock Payment of exercise Dispose F No No 250.5 16 4.01K 1,156
28 Mar 22 Clarke Ronald Common Stock Payment of exercise Dispose F No No 243.02 45,064 10.95M 1,894,034
28 Mar 22 Clarke Ronald Common Stock Option exercise Acquire M No No 35.04 85,000 2.98M 1,939,098
28 Mar 22 Clarke Ronald Employee Stock Options Common Stock Option exercise Dispose M No No 35.04 85,000 2.98M 173,333
27 Mar 22 Armando Lins Netto Common Stock Payment of exercise Dispose F No No 246.03 280 68.89K 23,437
27 Mar 22 Alan King Common Stock Payment of exercise Dispose F No No 246.03 431 106.04K 10,629
55.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 527 512 +2.9%
Opened positions 73 93 -21.5%
Closed positions 58 75 -22.7%
Increased positions 203 177 +14.7%
Reduced positions 184 185 -0.5%
13F shares Current Prev Q Change
Total value 22.8B 16.01B +42.4%
Total shares 69.34M 71.53M -3.1%
Total puts 73.8K 357.9K -79.4%
Total calls 155.22K 431.1K -64.0%
Total put/call ratio 0.5 0.8 -42.7%
Largest owners Shares Value Change
Vanguard 8.62M $2.15B +1.3%
BLK Blackrock 6.12M $1.52B +3.5%
Wellington Management 4.84M $1.2B +5.0%
TROW T. Rowe Price 4.75M $1.18B -31.0%
JPM JPMorgan Chase & Co. 4.12M $1.03B +2.2%
Capital World Investors 3.5M $871.35M -5.6%
Orbis Allan Gray 3.15M $785.18M +10.3%
STT State Street 3.08M $766.1M -2.5%
Sustainable Growth Advisers 2.84M $707.32M -0.9%
Boston Partners 2.12M $528.73M +32.2%
Largest transactions Shares Bought/sold Change
TROW T. Rowe Price 4.75M -2.14M -31.0%
Viking Global Investors 0 -983.39K EXIT
Norges Bank 0 -652.84K EXIT
Boston Partners 2.12M +517.05K +32.2%
Citadel Advisors 664.1K +433.11K +187.5%
Orbis Allan Gray 3.15M +293.16K +10.3%
Wellington Management 4.84M +228.61K +5.0%
Capital World Investors 3.5M -207.36K -5.6%
BLK Blackrock 6.12M +207.1K +3.5%
FMR 722.53K +205.41K +39.7%

Financial report summary

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Competition
World Fuel ServicesFiservWEXExpediaGBTAvidXchange
Risks
  • Risks Associated with the Conflict between Russia and Ukraine
  • We may not be able to adequately protect our systems or the data we collect from continually evolving cybersecurity risks or other technological risks, which could subject us to liability and damage our reputation.
Management Discussion
  • *The sum of the columns and rows may not calculate due to rounding.
  • Consolidated revenues were $861.3 million in the three months ended June 30, 2022, an increase of $193.9 million or 29.1%, from $667.4 million in the three months ended June 30, 2021. Consolidated revenues increased primarily due to organic growth of 17% driven by increases in transaction volumes, the impact of acquisitions completed in 2021 and 2022 of approximately $45 million and the positive impact of the macroeconomic environment.
  • Although we cannot precisely measure the impact of the macroeconomic environment, in total we believe it had a positive impact on our consolidated revenues for the three months ended June 30, 2022 over the comparable period in 2021 of approximately $28 million, driven primarily by the favorable impact of fuel prices of approximately $33 million and favorable fuel price spreads of approximately $3 million. These increases were partially offset by unfavorable foreign exchange rates of approximately $8 million, mostly in our U.K. and European businesses.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: affirmed, differentiated, dismissing, enable, ESTR, EURIBOR, grew, hearing, holiday, innovative, larger, letter, organizational, overhead, partner, Paycard, percent, permanently, policy, proposition, reassigned, recast, recipient, Recognition, reorganization, season, structure, swingline, TIBOR, twelfth, valuable
Removed: closure, Comdata, contemplate, disposed, isolate, margin, marketable, noncontrolling, Organically, organize, reinvested, unrealized