Teachers Advisors LLC increased its position in shares of WEX Inc. (NYSE:WEX) by 3.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,975 shares of the company’s stock after buying an additional 3,287 shares during the period. Teachers Advisors LLC owned 0.21% of WEX worth $9,617,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. US Bancorp DE increased its stake in WEX by 41.2% in the third quarter. US Bancorp DE now owns 959 shares of the company’s stock valued at $104,000 after buying an additional 280 shares in the last quarter. LS Investment Advisors LLC increased its stake in WEX by 73.7% in the second quarter. LS Investment Advisors LLC now owns 2,340 shares of the company’s stock valued at $207,000 after buying an additional 993 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in WEX during the third quarter valued at approximately $211,000. CrestPoint Capital Management LLC acquired a new stake in WEX during the third quarter valued at approximately $216,000. Finally, Glenmede Trust Co. NA increased its stake in WEX by 3.1% in the second quarter. Glenmede Trust Co. NA now owns 2,481 shares of the company’s stock valued at $219,000 after buying an additional 74 shares in the last quarter. Institutional investors own 95.00% of the company’s stock.
WEX Inc. (NYSE:WEX) traded up 1.036% during mid-day trading on Wednesday, hitting $113.595. 61,115 shares of the stock traded hands. The firm has a market capitalization of $4.85 billion, a P/E ratio of 59.257 and a beta of 1.85. The company has a 50-day moving average of $112.15 and a 200 day moving average of $102.94. WEX Inc. has a 1-year low of $54.42 and a 1-year high of $117.14.
WEX (NYSE:WEX) last issued its quarterly earnings results on Thursday, October 27th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. WEX had a net margin of 8.11% and a return on equity of 13.70%. The business had revenue of $287.80 million for the quarter, compared to analysts’ expectations of $279.28 million. During the same period last year, the business earned $1.29 earnings per share. The business’s quarterly revenue was up 27.3% on a year-over-year basis. On average, equities research analysts anticipate that WEX Inc. will post $4.56 EPS for the current year.
Several research firms recently commented on WEX. Citigroup Inc. began coverage on shares of WEX in a research report on Thursday, December 15th. They set a “neutral” rating and a $120.00 target price on the stock. Zacks Investment Research downgraded shares of WEX from a “buy” rating to a “hold” rating in a research report on Friday, December 9th. Jefferies Group lifted their target price on shares of WEX from $114.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, September 19th. TheStreet upgraded shares of WEX from a “hold” rating to a “buy” rating in a research report on Tuesday, December 27th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $120.00 target price (up from $101.00) on shares of WEX in a research report on Tuesday, November 1st. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. WEX currently has an average rating of “Hold” and a consensus price target of $101.40.
In other WEX news, Director Michael E. Dubyak sold 5,500 shares of the stock in a transaction that occurred on Friday, December 30th. The shares were sold at an average price of $111.22, for a total transaction of $611,710.00. Following the transaction, the director now directly owns 49,916 shares in the company, valued at $5,551,657.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP George W. Hogan sold 1,950 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $103.88, for a total transaction of $202,566.00. Following the transaction, the senior vice president now owns 12,824 shares in the company, valued at $1,332,157.12. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.
WEX Company Profile
WEX Inc is a provider of corporate payment solutions. The Company operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment provides customers with payment and transaction processing services designed for the needs of commercial and government fleets.
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