Atria Investments Inc lowered its holdings in shares of WEX Inc. (NYSE:WEX - Free Report) by 27.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,740 shares of the business services provider's stock after selling 1,788 shares during the period. Atria Investments Inc's holdings in WEX were worth $831,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Covestor Ltd increased its position in shares of WEX by 47.3% during the third quarter. Covestor Ltd now owns 277 shares of the business services provider's stock worth $58,000 after buying an additional 89 shares during the period. Crossmark Global Holdings Inc. grew its holdings in WEX by 21.6% in the third quarter. Crossmark Global Holdings Inc. now owns 3,218 shares of the business services provider's stock worth $675,000 after purchasing an additional 572 shares during the period. Venturi Wealth Management LLC grew its holdings in WEX by 206.1% in the third 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 during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of WEX by 290.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 14,280 shares of the business services provider's stock valued at $2,995,000 after buying an additional 10,625 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of WEX by 13.0% in the third quarter. KBC Group NV now owns 1,187 shares of the business services provider's stock valued at $249,000 after buying an additional 137 shares in the last quarter. Institutional investors own 97.47% of the company's stock.
WEX Stock Up 0.1 %
Shares of WEX stock opened at $150.52 on Friday. 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 fifty day simple moving average is $167.62 and its two-hundred day simple moving average is $182.08. The company has a market cap of $5.84 billion, a P/E ratio of 20.07, a PEG ratio of 2.06 and a beta of 1.61. WEX Inc. has a 12-month low of $146.03 and a 12-month high of $244.04.
WEX (NYSE:WEX - Get Free Report) last released 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%. Research analysts anticipate that WEX Inc. will post 14.09 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of WEX from $180.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Bank of America lowered shares of WEX from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. Mizuho reduced their target price on shares of WEX from $215.00 to $170.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Jefferies Financial Group boosted their price objective on shares of WEX from $180.00 to $190.00 and gave the company a "hold" rating in a research note on Wednesday, January 22nd. Finally, UBS Group cut their price target on shares of WEX from $200.00 to $172.00 and set a "neutral" rating for the company in a research note on Friday, February 7th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $195.73.
Get Our Latest Stock Analysis 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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider WEX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WEX wasn't on the list.
While WEX currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
