Capital World Investors Increases Holdings in WEX Inc. $WEX

Capital World Investors grew its holdings in WEX Inc. (NYSE:WEX) by 56.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 95,813 shares of the business services provider’s stock after acquiring an additional 34,730 shares during the period. Capital World Investors’ holdings in WEX were worth $14,274,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Los Angeles Capital Management LLC purchased a new position in shares of WEX in the fourth quarter valued at about $25,000. Havemeyer Place LP purchased a new position in shares of WEX in the fourth quarter valued at about $434,000. Lifestyle Asset Management Inc. lifted its position in shares of WEX by 14.6% in the fourth quarter. Lifestyle Asset Management Inc. now owns 10,515 shares of the business services provider’s stock valued at $1,567,000 after acquiring an additional 1,342 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of WEX by 4.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,161 shares of the business services provider’s stock valued at $918,000 after acquiring an additional 256 shares in the last quarter. Finally, State of Wyoming lifted its position in shares of WEX by 38.1% in the fourth quarter. State of Wyoming now owns 5,421 shares of the business services provider’s stock valued at $808,000 after acquiring an additional 1,496 shares in the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

WEX Trading Up 0.7%

Shares of WEX stock opened at $148.59 on Wednesday. WEX Inc. has a 12-month low of $132.35 and a 12-month high of $186.85. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.83. The stock’s 50-day moving average price is $152.42 and its 200-day moving average price is $153.69. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 0.92 and a beta of 0.85.

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

WEX announced that its Board of Directors has authorized a stock buyback program 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 programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at WEX

In other news, COO Robert Joseph Deshaies sold 1,200 shares of WEX stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $144.84, for a total value of $173,808.00. Following the sale, the chief operating officer directly owned 22,288 shares of the company’s stock, valued at approximately $3,228,193.92. The trade was a 5.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James R. Groch bought 1,500 shares of WEX stock in a transaction dated Monday, May 18th. The stock was purchased at an average cost of $142.95 per share, for a total transaction of $214,425.00. Following the completion of the acquisition, the director directly owned 17,957 shares of the company’s stock, valued at approximately $2,566,953.15. The trade was a 9.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders sold 9,019 shares of company stock valued at $1,446,996. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on WEX shares. Loop Capital started coverage on WEX in a research report on Monday, April 27th. They issued a “buy” rating and a $195.00 price objective on the stock. Raymond James Financial restated a “market perform” rating on shares of WEX in a research report on Friday, March 6th. Morgan Stanley boosted their price objective on WEX from $146.00 to $158.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 21st. Robert W. Baird boosted their price objective on WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Finally, Wall Street Zen cut WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Four investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $172.70.

WEX Company Profile

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.