Union Bancaire Privee UBP SA Takes $702,000 Position in WEX Inc. (NYSE:WEX)

Union Bancaire Privee UBP SA bought a new stake in shares of WEX Inc. (NYSE:WEX) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 4,054 shares of the business services provider’s stock, valued at approximately $702,000.

Several other institutional investors have also made changes to their positions in the business. Commerce Bank boosted its position in shares of WEX by 1.7% during the 3rd quarter. Commerce Bank now owns 3,624 shares of the business services provider’s stock valued at $760,000 after acquiring an additional 60 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in WEX by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 1,283 shares of the business services provider’s stock valued at $225,000 after purchasing an additional 65 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in WEX by 0.6% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 11,175 shares of the business services provider’s stock valued at $1,959,000 after purchasing an additional 70 shares during the last quarter. Covestor Ltd lifted its holdings in WEX by 47.3% during the 3rd quarter. Covestor Ltd now owns 277 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 89 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in WEX by 206.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 150 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 101 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WEX. UBS Group cut their price target on shares of WEX from $200.00 to $172.00 and set a “neutral” rating for the company in a report on Friday, February 7th. Jefferies Financial Group lifted their price target on shares of WEX from $180.00 to $190.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Mizuho cut their price target on shares of WEX from $215.00 to $170.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Wolfe Research downgraded shares of WEX from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, Barclays cut their price target on shares of WEX from $200.00 to $155.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $199.73.

WEX Trading Down 1.3 %

Shares of NYSE WEX opened at $148.60 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.04 and a debt-to-equity ratio of 2.07. The company has a market cap of $5.91 billion, a PE ratio of 19.81, a P/E/G ratio of 2.06 and a beta of 1.58. The company has a 50-day moving average of $171.48 and a two-hundred day moving average of $184.05. WEX Inc. has a 1-year low of $146.03 and a 1-year high of $244.04.

WEX (NYSE:WEX) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates 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.

Insider Buying and Selling

In related news, COO Robert Joseph Deshaies sold 175 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $189.44, for a total transaction of $33,152.00. Following the completion of the sale, the chief operating officer now directly owns 7,582 shares of the company’s stock, valued at $1,436,334.08. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by insiders.

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.