Blair William & Co. IL Reduces Stock Position in WEX Inc. (NYSE:WEX)

Blair William & Co. IL decreased its holdings in shares of WEX Inc. (NYSE:WEX) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,141 shares of the business services provider’s stock after selling 4,999 shares during the period. Blair William & Co. IL owned 0.31% of WEX worth $21,764,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WEX. Fifth Third Bancorp boosted its holdings in 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 boosted its stake in shares of WEX by 25.3% during 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 in the last quarter. KBC Group NV increased its position in shares of WEX by 53.7% during the fourth quarter. KBC Group NV now owns 1,825 shares of the business services provider’s stock valued at $320,000 after buying an additional 638 shares during the period. Jones Financial Companies Lllp raised its stake in WEX by 108.4% in the fourth 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 in the last quarter. Finally, Choreo LLC lifted its holdings in WEX by 33.7% in 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 during the period. Hedge funds and other institutional investors own 97.47% of the company’s stock.

WEX Trading Up 2.1 %

Shares of NYSE WEX opened at $155.91 on Friday. The firm’s 50 day moving average price is $162.87 and its 200-day moving average price is $179.58. WEX Inc. has a 52-week low of $146.03 and a 52-week high of $244.04. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.04 and a current ratio of 1.02. The company has a market cap of $6.05 billion, a PE ratio of 20.79, a P/E/G ratio of 2.06 and a beta of 1.61.

WEX (NYSE:WEX) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.16. WEX had a return on equity of 32.35% and a net margin of 11.78%. On average, equities research analysts expect that WEX Inc. will post 14.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WEX has been the subject of a number of research analyst reports. Jefferies Financial Group raised their target price on WEX from $180.00 to $190.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Robert W. Baird set a $186.00 price objective on WEX in a research report on Tuesday, February 18th. Bank of America downgraded shares of WEX from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. Citigroup cut shares of WEX from a “buy” rating to a “neutral” rating and lowered their price target for the company from $260.00 to $190.00 in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company cut their price objective on shares of WEX from $180.00 to $160.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $187.80.

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.