WEX’s (WEX) Hold (C) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their hold (c) rating on shares of WEX (NYSE:WEX) in a research report report published on Friday morning,Weiss Ratings reports.

A number of other equities research analysts have also recently issued reports on the stock. Barclays lifted their price target on shares of WEX from $135.00 to $170.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Zacks Research cut shares of WEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Robert W. Baird raised their price target on shares of WEX from $198.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Mizuho lifted their price objective on WEX from $150.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Finally, UBS Group increased their target price on WEX from $138.00 to $185.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Four research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $173.91.

WEX Stock Performance

Shares of WEX stock opened at $159.97 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.99. WEX has a 12-month low of $110.45 and a 12-month high of $191.43. The business’s 50 day moving average is $163.74 and its two-hundred day moving average is $151.11. The company has a market capitalization of $5.48 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.39 and a beta of 1.26.

Insider Transactions at WEX

In other WEX news, COO Carlos Carriedo sold 875 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $171.68, for a total value of $150,220.00. Following the transaction, the chief operating officer directly owned 5,270 shares of the company’s stock, valued at $904,753.60. This trade represents a 14.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ann Elena Drew sold 1,931 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $171.69, for a total value of $331,533.39. Following the completion of the sale, the insider owned 7,295 shares of the company’s stock, valued at $1,252,478.55. This trade represents a 20.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of WEX

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Boston Partners acquired a new position in shares of WEX during the 2nd quarter valued at about $187,102,000. JPMorgan Chase & Co. increased its position in shares of WEX by 1.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,085,795 shares of the business services provider’s stock worth $159,494,000 after purchasing an additional 17,691 shares during the last quarter. Earnest Partners LLC raised its holdings in WEX by 2.6% in the 1st quarter. Earnest Partners LLC now owns 895,406 shares of the business services provider’s stock valued at $140,597,000 after buying an additional 22,672 shares during the period. Lyrical Asset Management LP lifted its position in WEX by 0.3% in the first quarter. Lyrical Asset Management LP now owns 826,188 shares of the business services provider’s stock valued at $129,728,000 after buying an additional 2,754 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in WEX by 10.2% during the second quarter. Bank of America Corp DE now owns 809,658 shares of the business services provider’s stock worth $118,931,000 after buying an additional 75,003 shares during the period. 97.47% of the stock is owned by institutional investors and hedge funds.

WEX Company 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.