WEX Inc. (NYSE:WEX) Position Boosted by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC raised its holdings in shares of WEX Inc. (NYSE:WEX) by 25.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327 shares of the business services provider’s stock after acquiring an additional 66 shares during the quarter. Smartleaf Asset Management LLC’s holdings in WEX were worth $56,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its holdings in shares of WEX by 206.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 150 shares of the business services provider’s stock valued at $31,000 after buying an additional 101 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of WEX during the 3rd quarter valued at about $35,000. UMB Bank n.a. lifted its holdings in shares of WEX by 552.5% during the 4th quarter. UMB Bank n.a. now owns 261 shares of the business services provider’s stock valued at $46,000 after buying an additional 221 shares during the last quarter. Covestor Ltd lifted its holdings in shares of WEX by 47.3% during the 3rd quarter. Covestor Ltd now owns 277 shares of the business services provider’s stock valued at $58,000 after buying an additional 89 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of WEX during the 3rd quarter valued at about $59,000. Hedge funds and other institutional investors own 97.47% of the company’s stock.

WEX Stock Performance

Shares of NYSE:WEX opened at $156.48 on Tuesday. The business’s fifty day moving average price is $168.83 and its two-hundred day moving average price is $182.71. WEX Inc. has a fifty-two week low of $146.03 and a fifty-two week high of $244.04. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.02 and a quick ratio of 1.04.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.16. WEX had a return on equity of 32.35% and a net margin of 11.78%. As a group, analysts predict that WEX Inc. will post 14.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WEX shares. Wells Fargo & Company reduced their price target on WEX from $180.00 to $160.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Barclays reduced their target price on WEX from $200.00 to $155.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Citigroup lowered WEX from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $260.00 to $190.00 in a report on Tuesday, January 14th. Bank of America lowered WEX from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. Finally, Robert W. Baird set a $186.00 target price on WEX in a report on Tuesday, February 18th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $195.73.

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.