WEX Inc. (NYSE:WEX) Shares Sold by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC reduced its position in WEX Inc. (NYSE:WEXFree Report) by 47.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,504 shares of the business services provider’s stock after selling 4,081 shares during the period. Keeley Teton Advisors LLC’s holdings in WEX were worth $847,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp grew its stake in WEX by 111.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 950 shares of the business services provider’s stock worth $170,000 after buying an additional 500 shares during the period. Bank of Montreal Can boosted its position in WEX by 8.1% during the 1st quarter. Bank of Montreal Can now owns 4,181 shares of the business services provider’s stock worth $732,000 after purchasing an additional 315 shares during the period. BlackRock Inc. increased its holdings in WEX by 1.2% in the 1st quarter. BlackRock Inc. now owns 4,107,306 shares of the business services provider’s stock valued at $732,950,000 after purchasing an additional 49,480 shares in the last quarter. Great West Life Assurance Co. Can raised its position in WEX by 8.1% in the first quarter. Great West Life Assurance Co. Can now owns 24,375 shares of the business services provider’s stock valued at $4,471,000 after purchasing an additional 1,824 shares during the period. Finally, Sei Investments Co. raised its position in WEX by 38.3% in the first quarter. Sei Investments Co. now owns 21,260 shares of the business services provider’s stock valued at $3,793,000 after purchasing an additional 5,884 shares during the period. Hedge funds and other institutional investors own 97.47% of the company’s stock.

WEX Trading Down 4.1 %

NYSE:WEX opened at $198.82 on Tuesday. The company has a market cap of $8.50 billion, a PE ratio of 32.07, a P/E/G ratio of 1.35 and a beta of 1.60. The business’s 50 day moving average is $193.81 and its two-hundred day moving average is $189.50. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.56. WEX Inc. has a 52 week low of $161.95 and a 52 week high of $210.95.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WEX. Morgan Stanley lowered their target price on WEX from $205.00 to $200.00 and set an “equal weight” rating for the company in a research note on Friday, October 27th. StockNews.com cut shares of WEX from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. Mizuho raised their price target on shares of WEX from $200.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, January 18th. TheStreet lowered shares of WEX from a “b-” rating to a “c” rating in a report on Thursday, October 26th. Finally, Wolfe Research upgraded WEX from a “peer perform” rating to an “outperform” rating and set a $240.00 target price for the company in a research note on Tuesday, October 17th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, WEX has an average rating of “Hold” and a consensus target price of $221.46.

Get Our Latest Analysis on WEX

Insider Activity at WEX

In other WEX news, CEO Melissa D. Smith sold 41,107 shares of WEX stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $205.00, for a total value of $8,426,935.00. Following the completion of the transaction, the chief executive officer now owns 81,998 shares of the company’s stock, valued at $16,809,590. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Jack Vanwoerkom sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $174.38, for a total transaction of $348,760.00. Following the sale, the director now directly owns 8,319 shares in the company, valued at approximately $1,450,667.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Melissa D. Smith sold 41,107 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $205.00, for a total value of $8,426,935.00. Following the transaction, the chief executive officer now owns 81,998 shares of the company’s stock, valued at approximately $16,809,590. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

About WEX

(Free Report)

WEX Inc operates a commerce platform in the United States and internationally. The Fleet Solutions segment offers fleet vehicle payment solutions, transaction processing, and information management services. It also provides account 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 tools to fleets to manage expenses and capital requirements.

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Institutional Ownership by Quarter for WEX (NYSE:WEX)

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