BB&T (BBT) At $50.68 Forms Top; Kensico Capital Management Has Boosted Fleetcor Technologies (FLT) Stake

BB&T Corporation (BBT) formed multiple top with $53.21 target or 5.00% above today’s $50.68 share price. BB&T Corporation (BBT) has $39.40 billion valuation. The stock decreased 3.12% or $1.63 during the last trading session, reaching $50.68. About 5.64 million shares traded or 43.42% up from the average. BB&T Corporation (NYSE:BBT) has risen 20.68% since March 25, 2017 and is uptrending. It has outperformed by 3.98% the S&P500.

Kensico Capital Management Corp increased Fleetcor Technologies Inc (FLT) stake by 52.54% reported in 2017Q3 SEC filing. Kensico Capital Management Corp acquired 155,000 shares as Fleetcor Technologies Inc (FLT)’s stock declined 18.44%. The Kensico Capital Management Corp holds 450,000 shares with $69.65M value, up from 295,000 last quarter. Fleetcor Technologies Inc now has $17.80 billion valuation. The stock decreased 2.27% or $4.61 during the last trading session, reaching $198.23. About 576,874 shares traded or 3.60% up from the average. FleetCor Technologies, Inc. (NYSE:FLT) has declined 6.67% since March 25, 2017 and is downtrending. It has underperformed by 23.37% the S&P500.

Investors sentiment decreased to 1.2 in Q3 2017. Its down 0.07, from 1.27 in 2017Q2. It turned negative, 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. Bloom Tree Ltd Limited Liability Company stated it has 5.51% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). New York State Common Retirement Fund holds 0.04% or 206,500 shares. 12 West Management LP holds 19.72% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT) for 911,118 shares. Tiger Glob Mgmt Ltd Com holds 2.79 million shares. Steadfast Cap Management Lp reported 2.24 million shares. Mu Invs Communication has invested 0.02% in FleetCor Technologies, Inc. (NYSE:FLT). Tokio Marine Asset Mgmt Commerce Limited accumulated 1.16% or 49,600 shares. Cubist Systematic Strategies Limited Liability Corporation invested in 3,875 shares. State Treasurer State Of Michigan has invested 0.01% in FleetCor Technologies, Inc. (NYSE:FLT). Segantii Cap Management Limited reported 10,800 shares. Capital Research Global Investors reported 6.02M shares or 0.28% of all its holdings. Cap World Investors owns 842,000 shares. Swiss National Bank & Trust accumulated 0.06% or 339,500 shares. Balasa Dinverno & Foltz Ltd Liability Corp invested in 2.75% or 114,018 shares. Montag Caldwell Ltd Company accumulated 261,165 shares.

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 stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Hold” rating by Oppenheimer on Wednesday, August 19. The rating was upgraded by Raymond James on Tuesday, May 2 to “Strong Buy”. The firm earned “Overweight” rating on Wednesday, October 18 by Morgan Stanley. The stock has “Neutral” rating by Credit Suisse on Friday, February 9. Oppenheimer maintained FleetCor Technologies, Inc. (NYSE:FLT) rating on Wednesday, September 20. Oppenheimer has “Buy” rating and $185.0 target. Morgan Stanley maintained FleetCor Technologies, Inc. (NYSE:FLT) rating on Wednesday, March 14. Morgan Stanley has “Overweight” rating and $235 target. The stock has “Buy” rating by Evercore on Friday, March 18. The company was maintained on Monday, August 7 by Keefe Bruyette & Woods. The stock of FleetCor Technologies, Inc. (NYSE:FLT) has “Outperform” rating given on Friday, November 18 by Wells Fargo. Evercore downgraded FleetCor Technologies, Inc. (NYSE:FLT) on Wednesday, September 30 to “Hold” rating.

Among 30 analysts covering BB&T Corp (NYSE:BBT), 11 have Buy rating, 0 Sell and 19 Hold. Therefore 37% are positive. BB&T Corp has $64.0 highest and $35 lowest target. $51.15’s average target is 0.93% above currents $50.68 stock price. BB&T Corp had 98 analyst reports since July 17, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained it with “Hold” rating and $50.0 target in Tuesday, December 12 report. On Thursday, August 10 the stock rating was maintained by Wells Fargo with “Market Perform”. The firm has “Hold” rating by BMO Capital Markets given on Tuesday, October 3. The stock has “Hold” rating by FBR Capital on Thursday, July 20. On Monday, April 24 the stock rating was maintained by FBR Capital with “Hold”. The stock of BB&T Corporation (NYSE:BBT) has “Overweight” rating given on Thursday, October 5 by Stephens. The stock of BB&T Corporation (NYSE:BBT) has “Outperform” rating given on Monday, May 16 by Suntrust Robinson. As per Monday, December 18, the company rating was maintained by BMO Capital Markets. The rating was maintained by SunTrust with “Neutral” on Thursday, August 27. The firm has “Hold” rating by Robert W. Baird given on Friday, September 29.

Since October 20, 2017, it had 0 insider purchases, and 14 sales for $16.20 million activity. 42,233 shares were sold by Henson Christopher L, worth $2.01 million. Boyer K. David Jr. sold $137,587 worth of BB&T Corporation (NYSE:BBT) on Tuesday, February 20. $199,181 worth of BB&T Corporation (NYSE:BBT) shares were sold by LYNN LOUIS B. 60,000 shares were sold by KING KELLY S, worth $3.28M on Friday, January 19. The insider Powell Cynthia B sold $486,760. 7,762 shares valued at $373,811 were sold by Bradley W Bennett on Thursday, October 26. $201,929 worth of BB&T Corporation (NYSE:BBT) shares were sold by Wilson Donta L.