WEX Inc. (NYSE:WEX) Shares Sold by Bath Savings Trust Co

Bath Savings Trust Co lessened its stake in shares of WEX Inc. (NYSE:WEX - Free Report) by 14.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,960 shares of the business services provider's stock after selling 3,605 shares during the period. Bath Savings Trust Co owned 0.05% of WEX worth $3,675,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in WEX. Janus Henderson Group PLC raised its position in shares of WEX by 0.6% during the 3rd quarter. Janus Henderson Group PLC now owns 4,163,678 shares of the business services provider's stock valued at $873,251,000 after buying an additional 25,365 shares in the last quarter. FMR LLC raised its position in shares of WEX by 8.8% during the 3rd quarter. FMR LLC now owns 1,555,507 shares of the business services provider's stock valued at $326,237,000 after buying an additional 125,262 shares in the last quarter. State Street Corp raised its position in shares of WEX by 0.3% during the 3rd quarter. State Street Corp now owns 1,240,953 shares of the business services provider's stock valued at $260,265,000 after buying an additional 3,882 shares in the last quarter. River Road Asset Management LLC raised its position in shares of WEX by 5.0% during the 3rd quarter. River Road Asset Management LLC now owns 720,465 shares of the business services provider's stock valued at $151,103,000 after buying an additional 34,264 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of WEX by 34.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 495,527 shares of the business services provider's stock valued at $87,772,000 after buying an additional 126,663 shares in the last quarter. Institutional investors own 97.47% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on WEX shares. Wolfe Research cut shares of WEX from an "outperform" rating to a "peer perform" rating in a research report on Monday, October 28th. Jefferies Financial Group increased their price objective on shares of WEX from $190.00 to $210.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. Bank of America increased their price objective on shares of WEX from $238.00 to $255.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Barclays reissued an "equal weight" rating and issued a $200.00 price objective (down from $207.00) on shares of WEX in a research report on Tuesday, December 17th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of WEX from $247.00 to $220.00 and set an "outperform" rating on the stock in a research report on Monday. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $227.73.

Insider Activity

In other news, COO Robert Joseph Deshaies sold 175 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $189.44, for a total transaction of $33,152.00. Following the transaction, the chief operating officer now directly owns 7,582 shares in the company, valued at approximately $1,436,334.08. This trade represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company's stock.

WEX Trading Down 0.6 %

WEX stock traded down $1.07 during mid-day trading on Tuesday, reaching $177.25. The company had a trading volume of 295,016 shares, compared to its average volume of 314,279. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a 50 day moving average of $178.69 and a 200 day moving average of $186.02. WEX Inc. has a 12 month low of $165.51 and a 12 month high of $244.04. The company has a market capitalization of $7.05 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.39 and a beta of 1.58.

WEX (NYSE:WEX - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $4.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.82 by $0.53. WEX had a net margin of 12.45% and a return on equity of 31.35%. The firm had revenue of $665.50 million for the quarter, compared to the consensus estimate of $688.03 million. During the same period last year, the firm earned $3.44 earnings per share. The company's quarterly revenue was up 2.2% on a year-over-year basis. On average, equities analysts predict that WEX Inc. will post 13.1 earnings per share for the current fiscal year.

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.