WEX Inc. (NYSE:WEX) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its stake in WEX Inc. (NYSE:WEX) by 0.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 306,911 shares of the business services provider’s stock after selling 1,154 shares during the quarter. Loomis Sayles & Co. L P’s holdings in WEX were worth $53,808,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its position in shares of WEX by 1,635.8% in the fourth quarter. Fifth Third Bancorp now owns 8,783 shares of the business services provider’s stock valued at $1,540,000 after acquiring an additional 8,277 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in WEX by 25.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 66 shares during the last quarter. KBC Group NV lifted its holdings in WEX by 53.7% in the 4th quarter. KBC Group NV now owns 1,825 shares of the business services provider’s stock valued at $320,000 after purchasing an additional 638 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in WEX by 108.4% during the 4th quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider’s stock worth $43,000 after purchasing an additional 129 shares during the last quarter. Finally, Choreo LLC grew its holdings in shares of WEX by 33.7% during the fourth quarter. Choreo LLC now owns 2,373 shares of the business services provider’s stock worth $405,000 after buying an additional 598 shares in the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on WEX. UBS Group decreased their price target on shares of WEX from $200.00 to $172.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Robert W. Baird set a $186.00 price target on WEX in a research report on Tuesday, February 18th. Barclays reduced their price objective on WEX from $200.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Mizuho lowered their price objective on WEX from $215.00 to $170.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods cut their target price on WEX from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, WEX has a consensus rating of “Hold” and an average price target of $187.80.

WEX Stock Up 2.1 %

Shares of WEX opened at $155.91 on Friday. The company’s 50-day moving average price is $162.87 and its 200 day moving average price is $179.58. WEX Inc. has a 12-month low of $146.03 and a 12-month high of $244.04. 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 firm has a market cap of $6.05 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61.

WEX (NYSE:WEX) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts forecast that WEX Inc. will post 14.09 earnings per share for the current year.

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.