WINTON GROUP Ltd Trims Holdings in WEX Inc. (NYSE:WEX)

WINTON GROUP Ltd trimmed its position in shares of WEX Inc. (NYSE:WEX) by 53.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,376 shares of the business services provider’s stock after selling 15,297 shares during the quarter. WINTON GROUP Ltd’s holdings in WEX were worth $2,345,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp raised its holdings in WEX by 1,635.8% during the fourth quarter. Fifth Third Bancorp now owns 8,783 shares of the business services provider’s stock worth $1,540,000 after purchasing an additional 8,277 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in WEX by 25.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 66 shares in the last quarter. KBC Group NV grew its holdings in shares of WEX by 53.7% during the fourth quarter. KBC Group NV now owns 1,825 shares of the business services provider’s stock worth $320,000 after purchasing an additional 638 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of WEX by 108.4% during the fourth quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider’s stock worth $43,000 after purchasing an additional 129 shares in the last quarter. Finally, Choreo LLC lifted its holdings in shares of WEX by 33.7% in the 4th quarter. Choreo LLC now owns 2,373 shares of the business services provider’s stock valued at $405,000 after purchasing an additional 598 shares during the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

WEX Price Performance

WEX stock opened at $155.91 on Friday. The firm has a 50 day moving average of $162.87 and a 200-day moving average of $179.58. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 2.06 and a beta of 1.61. The company has a current ratio of 1.02, a quick ratio of 1.04 and a debt-to-equity ratio of 2.07. WEX Inc. has a 12-month low of $146.03 and a 12-month high of $244.04.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.16. WEX had a return on equity of 32.35% and a net margin of 11.78%. As a group, equities analysts expect that WEX Inc. will post 14.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on WEX shares. Barclays decreased their price target on shares of WEX from $200.00 to $155.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Jefferies Financial Group increased their target price on shares of WEX from $180.00 to $190.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Bank of America lowered WEX from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. William Blair reaffirmed a “market perform” rating on shares of WEX in a research note on Thursday, February 6th. Finally, UBS Group lowered their target price on WEX from $200.00 to $172.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $187.80.

WEX Profile

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.