Amundi grew its position in shares of WEX Inc. (NYSE:WEX - Free Report) by 493.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,200 shares of the business services provider's stock after acquiring an additional 12,637 shares during the quarter. Amundi's holdings in WEX were worth $2,657,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Commerce Bank increased its stake in WEX by 1.7% in the 3rd quarter. Commerce Bank now owns 3,624 shares of the business services provider's stock valued at $760,000 after buying an additional 60 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of WEX by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 1,283 shares of the business services provider's stock valued at $225,000 after acquiring an additional 65 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in WEX by 25.3% during the fourth 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 during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in WEX by 0.6% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 11,175 shares of the business services provider's stock valued at $1,959,000 after purchasing an additional 70 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake 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 worth $31,000 after purchasing an additional 101 shares in the last quarter. 97.47% of the stock is owned by institutional investors.
WEX Trading Down 0.4 %
NYSE:WEX traded down $0.70 on Tuesday, reaching $157.36. 635,920 shares of the stock traded hands, compared to its average volume of 606,659. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61. WEX Inc. has a 1-year low of $146.03 and a 1-year high of $244.04. 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's 50 day moving average is $166.28 and its 200-day moving average is $181.33.
WEX (NYSE:WEX - Get Free Report) last announced its 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%. Equities research analysts anticipate that WEX Inc. will post 14.09 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms recently weighed in on WEX. Citigroup cut shares of WEX from a "buy" rating to a "neutral" rating and decreased their target price for the company from $260.00 to $190.00 in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods lowered their price objective on shares of WEX from $220.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. UBS Group reduced their price target on WEX from $200.00 to $172.00 and set a "neutral" rating for the company in a report on Friday, February 7th. Robert W. Baird set a $186.00 price objective on WEX in a report on Tuesday, February 18th. Finally, Mizuho cut their price target on WEX from $215.00 to $170.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $195.73.
Read Our Latest Report on WEX
About WEX
(
Free Report)
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.
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