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FleetCor Technologies, Inc. and Other NYSE Stocks Making Big Moves
The Nasdaq has risen 0.2%, the S&P 500 is trading up 0.1% and the Dow has remained steady this morning. Also known as the "Big Board", the NYSE relied for many years on floor trading only, using the open outcry system.
The biggest movers traded on the NYSE so far are:
Broker Summary: E-Trade Financial
Robbins & Myers (NYSE:RBN) rose a significant 27.2% to reach $59.55 per share. With 13.4 million shares changing hands so far today, the company's volume is 51.9 times its average over the past three months. High volume indicates a lot of investor interest while low volume indicates the opposite. A company's value as an investment is more easily estimated using valuation ratios such as the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. The price/earnings ratio is calculated by taking a stock price and dividing it by the earnings-per-share (EPS). RBN's P/E ratio of 9.9 is under the industry average of 27.73. A low P/E might arise due to substantial inherent risk of the firm and its operations, poor return on equity, or improper valuation of the market. A high or low P/E ratio is not good or bad in and of itself, but a company trading with a high P/E ratio must continue to post strong financial performance or its stock price is likely to fall. SEE: Understanding The P/E Ratio
Shares of Select Medical (NYSE:SEM) are currently trading at $11.10, a steep decline of 19.2%. The company is currently trading a volume of 1.4 million shares. Volume is an important indicator because it indicates how significant a price shift is. Investment valuation ratios provide investors with an estimation, albeit a simplistic one, of the value of a stock. The price/earnings to growth (PEG) ratio can reveal value what price/earnings (P/E) ratios alone may not so that if a company has a high P/E ratio (an indication that its stock is overpriced) but its earnings are growing very quickly, the PEG ratio may reveal that the company is actually fairly valued, or perhaps even a bargain. SEM has a PEG ratio of 1.16, which is consistent with the industry average. While P/E ratios are important indicators of market value, a high P/E in and of itself is not bad because it may indicate a company whose earnings are growing very rapidly, so many investors look at the PEG ratio in order to get an idea of whether or not a particular P/E ratio is justified by underlying earnings growth.
Applied Industrial (NYSE:AIT) is at $41.72 per share after an increase of 9.4%. So far today, 296,812 shares have changed hands, more than yesterday's 261,349 shares. If a stock price moves on high volume, this means that the change is a significant one. A wide array of ratios can be used by investors to estimate the attractiveness of a potential or existing investment and get an idea of its valuation. The price/book value ratio is especially important for value investors as it can provide an indication of the true value of a company's assets at a time when its business model may be failing. AIT's stock is trading for more than its book value with a P/B ratio of 2.62. This implies that investors expect management to create more value from a given set of assets and/or that the market value of the firm's assets is significantly higher than their accounting value. A weakness of the P/B value ratio is that while the price component is easily determined by looking at the stock quote, the book value component is more difficult to estimate and more open to individual interpretation and analysis. SEE: Using The Price-To-Book Ratio To Evaluate Companies
Currently trading at $31.29 per share, Koppers Holdings (NYSE:KOP) has fallen 9.2%. The company's volume for the day so far is 86,764 shares. This is 1.4 times the average daily volume. A stock's volume conveys how excited investors are about it. In making a decision about a potential or existing investment, valuation ratios are useful as a basis for seeing whether the stock price is too high, reasonable, or a bargain. The dividend yield is calculated by dividing a company's dividends per share by its stock price. KOP has a dividend yield of 2.8%. Simply comparing the level of dividends that two stocks pay does not give a true reflection of which security is more attractive, so investors calculate the dividend yield in order to standardize dividend payments. SEE: Guide To Stock-Picking Strategies: Income Investing
FleetCor Technologies (NYSE:FLT) has increased to a share price of $40, a 9% rise. The company's volume for the day so far is 901,139 shares, 2.8 times its current three-month average. If a stock price makes a big move up or down, volume lets us know the significance of that move. Investors can use valuation ratios as tools to estimate what kind of deal a particular investment is. While measuring a price/earnings ratio (P/E ratio) is a popular valuation technique, the measure cannot be calculated for companies without earnings, so some investors analyze the price/sales ratio. The P/S ratio for FLT is 5.8, which is relatively high. In young companies, a high P/S ratio is a sign of sales growth that is expected to turn into earnings and cash flow. It is important to keep in mind when looking at the P/S ratio that just because a company is generating revenues, this does not mean that the company is profitable, and in the long run, profits drive stock prices.
After an increase of 8.2%, Alliant Techsystems (NYSE:ATK) has reached a current price of $52.46. So far today, the company's volume is 348,184 shares. Volume is an important indicator in technical analysis as it is used to measure the worth of a market move. If the markets have made a strong price move either up or down the perceived strength of that move depends on the volume for that period. The higher the volume during that price move the more significant the move. Valuation ratios allow the investor to make a quick determination as to a company's investment value. The debt ratio shows the proportion of assets that a company is financing through debt. ATK has a high debt ratio of 73%. This means that most of the company's assets are financed through debt. However, one thing to note with this ratio: it isn't a pure measure of a company's debt (or indebtedness), as it also includes operational liabilities, such as accounts payable and taxes payable.
TreeHouse Foods (NYSE:THS) has decreased to $46.85 per share, a 7.7% fall. This morning, 1.2 million shares have been traded,. Volume is used to evaluate how meaningful the price movement of a stock is. Investors can make use of valuation ratios to estimate whether a stock is fairly valued. The capitalization ratio measures the debt component of the capital structure, or capitalization of a company (i.e., the sum of long-term debt liabilities and shareholder equity) to support operations and growth. THS has a capitalization ratio of 45.7%. The capitalization ratio is one of the more meaningful debt ratios because it focuses on the relationship of debt liabilities as a component of a company's total capital base, which is the capital raised by shareholders and lenders.
The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. It is important to weigh current activity against historical performance when making any investment decisions. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.
The biggest movers traded on the NYSE so far are:
| Company | Market Cap | Percentage Change |
| Robbins & Myers, Inc. (NYSE:RBN) | $1.99 billion | +27.2% |
| Select Medical Holdings Corporation (NYSE:SEM) | $1.94 billion | -19.2% |
| Applied Industrial Technologies (NYSE:AIT) | $1.61 billion | +9.4% |
| Koppers Holdings Inc. (NYSE:KOP) | $715.9 million | -9.2% |
| FleetCor Technologies, Inc. (NYSE:FLT) | $3.05 billion | +9% |
| Alliant Techsystems Inc. (NYSE:ATK) | $1.58 billion | +8.2% |
| TreeHouse Foods Inc. (NYSE:THS) | $1.83 billion | -7.7% |
Robbins & Myers (NYSE:RBN) rose a significant 27.2% to reach $59.55 per share. With 13.4 million shares changing hands so far today, the company's volume is 51.9 times its average over the past three months. High volume indicates a lot of investor interest while low volume indicates the opposite. A company's value as an investment is more easily estimated using valuation ratios such as the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. The price/earnings ratio is calculated by taking a stock price and dividing it by the earnings-per-share (EPS). RBN's P/E ratio of 9.9 is under the industry average of 27.73. A low P/E might arise due to substantial inherent risk of the firm and its operations, poor return on equity, or improper valuation of the market. A high or low P/E ratio is not good or bad in and of itself, but a company trading with a high P/E ratio must continue to post strong financial performance or its stock price is likely to fall. SEE: Understanding The P/E Ratio
Shares of Select Medical (NYSE:SEM) are currently trading at $11.10, a steep decline of 19.2%. The company is currently trading a volume of 1.4 million shares. Volume is an important indicator because it indicates how significant a price shift is. Investment valuation ratios provide investors with an estimation, albeit a simplistic one, of the value of a stock. The price/earnings to growth (PEG) ratio can reveal value what price/earnings (P/E) ratios alone may not so that if a company has a high P/E ratio (an indication that its stock is overpriced) but its earnings are growing very quickly, the PEG ratio may reveal that the company is actually fairly valued, or perhaps even a bargain. SEM has a PEG ratio of 1.16, which is consistent with the industry average. While P/E ratios are important indicators of market value, a high P/E in and of itself is not bad because it may indicate a company whose earnings are growing very rapidly, so many investors look at the PEG ratio in order to get an idea of whether or not a particular P/E ratio is justified by underlying earnings growth.
Applied Industrial (NYSE:AIT) is at $41.72 per share after an increase of 9.4%. So far today, 296,812 shares have changed hands, more than yesterday's 261,349 shares. If a stock price moves on high volume, this means that the change is a significant one. A wide array of ratios can be used by investors to estimate the attractiveness of a potential or existing investment and get an idea of its valuation. The price/book value ratio is especially important for value investors as it can provide an indication of the true value of a company's assets at a time when its business model may be failing. AIT's stock is trading for more than its book value with a P/B ratio of 2.62. This implies that investors expect management to create more value from a given set of assets and/or that the market value of the firm's assets is significantly higher than their accounting value. A weakness of the P/B value ratio is that while the price component is easily determined by looking at the stock quote, the book value component is more difficult to estimate and more open to individual interpretation and analysis. SEE: Using The Price-To-Book Ratio To Evaluate Companies
FleetCor Technologies (NYSE:FLT) has increased to a share price of $40, a 9% rise. The company's volume for the day so far is 901,139 shares, 2.8 times its current three-month average. If a stock price makes a big move up or down, volume lets us know the significance of that move. Investors can use valuation ratios as tools to estimate what kind of deal a particular investment is. While measuring a price/earnings ratio (P/E ratio) is a popular valuation technique, the measure cannot be calculated for companies without earnings, so some investors analyze the price/sales ratio. The P/S ratio for FLT is 5.8, which is relatively high. In young companies, a high P/S ratio is a sign of sales growth that is expected to turn into earnings and cash flow. It is important to keep in mind when looking at the P/S ratio that just because a company is generating revenues, this does not mean that the company is profitable, and in the long run, profits drive stock prices.
After an increase of 8.2%, Alliant Techsystems (NYSE:ATK) has reached a current price of $52.46. So far today, the company's volume is 348,184 shares. Volume is an important indicator in technical analysis as it is used to measure the worth of a market move. If the markets have made a strong price move either up or down the perceived strength of that move depends on the volume for that period. The higher the volume during that price move the more significant the move. Valuation ratios allow the investor to make a quick determination as to a company's investment value. The debt ratio shows the proportion of assets that a company is financing through debt. ATK has a high debt ratio of 73%. This means that most of the company's assets are financed through debt. However, one thing to note with this ratio: it isn't a pure measure of a company's debt (or indebtedness), as it also includes operational liabilities, such as accounts payable and taxes payable.
TreeHouse Foods (NYSE:THS) has decreased to $46.85 per share, a 7.7% fall. This morning, 1.2 million shares have been traded,. Volume is used to evaluate how meaningful the price movement of a stock is. Investors can make use of valuation ratios to estimate whether a stock is fairly valued. The capitalization ratio measures the debt component of the capital structure, or capitalization of a company (i.e., the sum of long-term debt liabilities and shareholder equity) to support operations and growth. THS has a capitalization ratio of 45.7%. The capitalization ratio is one of the more meaningful debt ratios because it focuses on the relationship of debt liabilities as a component of a company's total capital base, which is the capital raised by shareholders and lenders.
The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. It is important to weigh current activity against historical performance when making any investment decisions. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.
by
Investopedia Staff
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