Blair William & Co. IL Has $21.76 Million Stake in WEX Inc. (NYSE:WEX)

Blair William & Co. IL cut its stake in shares of WEX Inc. (NYSE:WEX - Free Report) by 3.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 124,141 shares of the business services provider's stock after selling 4,999 shares during the period. Blair William & Co. IL owned approximately 0.31% of WEX worth $21,764,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in WEX. Fifth Third Bancorp increased its stake in WEX by 1,635.8% during the 4th quarter. Fifth Third Bancorp now owns 8,783 shares of the business services provider's stock worth $1,540,000 after buying an additional 8,277 shares during the period. Smartleaf Asset Management LLC raised its position in shares of WEX by 25.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider's stock valued at $56,000 after acquiring an additional 66 shares in the last quarter. KBC Group NV boosted its holdings in WEX by 53.7% in the fourth quarter. KBC Group NV now owns 1,825 shares of the business services provider's stock worth $320,000 after purchasing an additional 638 shares during the period. Jones Financial Companies Lllp boosted its holdings in WEX by 108.4% in the fourth quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider's stock worth $43,000 after purchasing an additional 129 shares during the period. Finally, Choreo LLC increased its stake in WEX by 33.7% during the fourth quarter. Choreo LLC now owns 2,373 shares of the business services provider's stock valued at $405,000 after purchasing an additional 598 shares during the last quarter. Hedge funds and other institutional investors own 97.47% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of WEX from $180.00 to $190.00 and gave the stock a "hold" rating in a research note on Wednesday, January 22nd. Citigroup cut WEX from a "buy" rating to a "neutral" rating and lowered their price target for the company from $260.00 to $190.00 in a research 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. 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. Finally, Robert W. Baird set a $186.00 price target on WEX in a report on Tuesday, February 18th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, WEX has an average rating of "Hold" and a consensus target price of $187.80.

WEX Stock Performance

WEX traded up $3.63 during trading on Tuesday, hitting $160.65. The stock had a trading volume of 243,058 shares, compared to its average volume of 858,528. The company has a 50 day simple moving average of $161.73 and a 200-day simple moving average of $178.88. WEX Inc. has a 12 month low of $146.03 and a 12 month high of $244.04. The firm has a market cap of $6.24 billion, a PE ratio of 21.42, a P/E/G ratio of 2.06 and a beta of 1.61. The company has a current ratio of 1.02, a quick ratio of 1.04 and a debt-to-equity ratio of 2.07.

WEX (NYSE:WEX - Get Free Report) last issued its earnings results on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, beating the consensus estimate of $2.97 by $0.16. WEX had a net margin of 11.78% and a return on equity of 32.35%. Analysts expect that WEX Inc. will post 14.09 EPS 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.