Aster Capital Management DIFC Ltd Buys Shares of 422 WEX Inc. (NYSE:WEX)

Aster Capital Management DIFC Ltd purchased a new position in WEX Inc. (NYSE:WEX) during the fourth quarter, HoldingsChannel reports. The firm purchased 422 shares of the business services provider’s stock, valued at approximately $74,000.

Other large investors also recently modified their holdings of the company. Captrust Financial Advisors boosted its position in WEX by 191.9% in the third quarter. Captrust Financial Advisors now owns 3,485 shares of the business services provider’s stock worth $731,000 after purchasing an additional 2,291 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of WEX by 79.5% in the 3rd quarter. HighTower Advisors LLC now owns 6,436 shares of the business services provider’s stock worth $1,347,000 after purchasing an additional 2,851 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of WEX by 19.7% in the third quarter. Quantinno Capital Management LP now owns 13,868 shares of the business services provider’s stock worth $2,909,000 after buying an additional 2,286 shares during the last quarter. State Street Corp grew its position in WEX by 0.3% during the third quarter. State Street Corp now owns 1,240,953 shares of the business services provider’s stock valued at $260,265,000 after buying an additional 3,882 shares during the period. Finally, EP Wealth Advisors LLC purchased a new stake in WEX during the third quarter valued at approximately $251,000. Institutional investors own 97.47% of the company’s stock.

WEX Stock Down 5.5 %

Shares of WEX opened at $113.54 on Wednesday. The business’s 50 day simple moving average is $154.95 and its 200-day simple moving average is $175.70. WEX Inc. has a 1 year low of $111.97 and a 1 year high of $241.77. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.02 and a quick ratio of 1.04. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 2.06 and a beta of 1.33.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. William Blair reiterated a “market perform” rating on shares of WEX in a research note on Thursday, February 6th. Wells Fargo & Company cut their price target on WEX from $180.00 to $160.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Jefferies Financial Group raised their price objective on WEX from $180.00 to $190.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Citigroup downgraded WEX from a “buy” rating to a “neutral” rating and cut their price objective for the company from $260.00 to $190.00 in a research note on Tuesday, January 14th. Finally, Bank of America cut shares of WEX from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, WEX currently has a consensus rating of “Hold” and an average target price of $187.80.

About WEX

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.