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

Natixis Advisors LLC decreased its position in shares of WEX Inc. (NYSE:WEX) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,921 shares of the business services provider’s stock after selling 7,618 shares during the period. Natixis Advisors LLC owned about 0.15% of WEX worth $10,680,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of WEX during the third quarter worth about $35,000. Jones Financial Companies Lllp increased 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 buying an additional 129 shares during the period. UMB Bank n.a. lifted its holdings in WEX by 552.5% during the 4th quarter. UMB Bank n.a. now owns 261 shares of the business services provider’s stock worth $46,000 after buying an additional 221 shares in the last quarter. Brooklyn Investment Group purchased a new position in WEX in the 3rd quarter valued at approximately $59,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of WEX by 25.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider’s stock worth $56,000 after acquiring an additional 66 shares in the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

WEX Price Performance

WEX stock opened at $154.55 on Thursday. 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 company has a market capitalization of $6.00 billion, a P/E ratio of 20.61, a PEG ratio of 2.06 and a beta of 1.61. The business has a 50 day simple moving average of $165.43 and a 200-day simple moving average of $180.90. WEX Inc. has a twelve month low of $146.03 and a twelve month high of $244.04.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that WEX Inc. will post 14.09 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Citigroup cut shares of WEX from a “buy” rating to a “neutral” rating and reduced their target price for the company from $260.00 to $190.00 in a report on Tuesday, January 14th. Mizuho decreased their price objective on shares of WEX from $215.00 to $170.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Robert W. Baird set a $186.00 target price on WEX in a report on Tuesday, February 18th. Jefferies Financial Group lifted their price target on WEX from $180.00 to $190.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods dropped their price objective on WEX from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, WEX presently has an average rating of “Hold” and an average target price of $195.73.

About WEX

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.