WEX (NYSE:WEX) Sets New 52-Week Low – Here’s What Happened

WEX Inc. (NYSE:WEX)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $132.35 and last traded at $132.8710, with a volume of 133802 shares. The stock had previously closed at $135.50.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Morgan Stanley lifted their price objective on WEX from $146.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft dropped their price objective on WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Wall Street Zen lowered WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Raymond James Financial reiterated a “market perform” rating on shares of WEX in a research note on Friday, March 6th. Finally, Robert W. Baird lifted their price objective on WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $173.70.

WEX Stock Down 3.5%

The company has a debt-to-equity ratio of 2.83, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $4.39 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 0.82 and a beta of 0.85. The firm has a 50 day moving average of $150.56 and a 200-day moving average of $153.28.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.92 by $0.23. The firm had revenue of $673.80 million for the quarter, compared to analyst estimates of $660.96 million. WEX had a return on equity of 42.66% and a net margin of 11.50%.The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.51 earnings per share. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. On average, equities research analysts expect that WEX Inc. will post 16.49 earnings per share for the current fiscal year.

WEX announced that its board has authorized a share repurchase plan on Thursday, May 14th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 21.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at WEX

In related news, Director James R. Groch acquired 1,500 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were bought at an average cost of $142.95 per share, with a total value of $214,425.00. Following the completion of the acquisition, the director owned 17,957 shares of the company’s stock, valued at $2,566,953.15. This trade represents a 9.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Joel Alan Dearborn, Jr. sold 3,500 shares of WEX stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $175.00, for a total value of $612,500.00. Following the sale, the chief operating officer directly owned 22,872 shares in the company, valued at $4,002,600. The trade was a 13.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 8,304 shares of company stock valued at $1,334,155. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Los Angeles Capital Management LLC acquired a new position in shares of WEX in the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of WEX by 368.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock worth $35,000 after acquiring an additional 173 shares in the last quarter. First Horizon Corp boosted its holdings in shares of WEX by 65.7% in the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after acquiring an additional 94 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of WEX by 56.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 329 shares of the business services provider’s stock worth $53,000 after acquiring an additional 119 shares in the last quarter. Finally, Root Financial Partners LLC boosted its holdings in shares of WEX by 255.0% in the 1st quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock worth $54,000 after acquiring an additional 255 shares in the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

About WEX

WEX Inc is a global financial technology company specializing in business payment solutions for fleet, travel, and corporate payments. The company delivers software-driven platforms and card-based services that help businesses automate payment processes, manage expenses and improve operational efficiency across a range of industries, including transportation, healthcare and government.

Founded in 1983 as Wright Express in Portland, Maine, the company began by offering fuel card services to trucking fleets.