Vontobel Holding Ltd. Lowers Position in WEX Inc. (NYSE:WEX)

Vontobel Holding Ltd. lowered its holdings in WEX Inc. (NYSE:WEX) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,636 shares of the business services provider’s stock after selling 164 shares during the period. Vontobel Holding Ltd.’s holdings in WEX were worth $318,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. VisionPoint Advisory Group LLC raised its holdings in shares of WEX by 74.7% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 145 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 62 shares in the last quarter. Bath Savings Trust Co raised its holdings in shares of WEX by 0.3% during the 4th quarter. Bath Savings Trust Co now owns 27,284 shares of the business services provider’s stock valued at $5,308,000 after buying an additional 80 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of WEX by 0.7% during the 3rd quarter. Arizona State Retirement System now owns 12,198 shares of the business services provider’s stock valued at $2,294,000 after buying an additional 83 shares in the last quarter. Wendell David Associates Inc. raised its holdings in shares of WEX by 7.9% during the 3rd quarter. Wendell David Associates Inc. now owns 1,189 shares of the business services provider’s stock valued at $224,000 after buying an additional 87 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of WEX by 5.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,893 shares of the business services provider’s stock valued at $368,000 after buying an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WEX shares. Evercore ISI raised their price objective on WEX from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. StockNews.com cut WEX from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. William Blair restated an “outperform” rating on shares of WEX in a research report on Thursday, February 8th. Citigroup raised their price target on WEX from $240.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, Barclays raised their price target on WEX from $255.00 to $280.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, WEX currently has a consensus rating of “Moderate Buy” and an average price target of $240.00.

Insider Activity at WEX

In related news, SVP Sara Trickett sold 887 shares of WEX stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $224.61, for a total transaction of $199,229.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, SVP Sara Trickett sold 887 shares of WEX stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $224.61, for a total transaction of $199,229.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Jagtar Narula sold 309 shares of WEX stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $233.24, for a total value of $72,071.16. Following the transaction, the chief financial officer now owns 5,528 shares of the company’s stock, valued at approximately $1,289,350.72. The disclosure for this sale can be found here. Insiders have sold 28,326 shares of company stock worth $6,281,961 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

WEX Price Performance

Shares of WEX stock opened at $234.00 on Wednesday. The firm has a market cap of $9.77 billion, a P/E ratio of 37.99, a P/E/G ratio of 1.49 and a beta of 1.59. WEX Inc. has a fifty-two week low of $161.95 and a fifty-two week high of $244.04. The business’s 50 day moving average price is $230.06 and its 200-day moving average price is $202.94. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.05 and a current ratio of 1.05.

WEX (NYSE:WEX) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.15). WEX had a return on equity of 31.33% and a net margin of 10.46%. The business had revenue of $663.30 million during the quarter, compared to the consensus estimate of $656.75 million. On average, equities research analysts anticipate that WEX Inc. will post 13.55 earnings per share for the current year.

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.