WEX Inc. (NYSE:WEX) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its holdings in WEX Inc. (NYSE:WEX - Free Report) by 16.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,080 shares of the business services provider's stock after selling 1,731 shares during the period. Corient Private Wealth LLC's holdings in WEX were worth $1,592,000 as of its most recent SEC filing.

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

Shares of WEX stock traded down $0.63 during midday trading on Friday, reaching $154.69. 1,311,342 shares of the company traded hands, compared to its average volume of 493,003. The firm's 50 day simple moving average is $162.27 and its two-hundred day simple moving average is $179.22. The firm has a market cap of $6.00 billion, a PE ratio of 20.62, 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 Inc. has a 1-year low of $146.03 and a 1-year high of $244.04.

WEX (NYSE:WEX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.16. WEX had a return on equity of 32.35% and a net margin of 11.78%. On average, equities research analysts expect that WEX Inc. will post 14.09 EPS for the current fiscal year.

Analyst Ratings Changes

WEX has been the topic of several research reports. Wells Fargo & Company dropped their price objective on WEX from $180.00 to $160.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Jefferies Financial Group lifted their target price on shares of WEX from $180.00 to $190.00 and gave the company a "hold" rating in a report on Wednesday, January 22nd. UBS Group decreased 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. Bank of America cut WEX from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. Finally, William Blair restated a "market perform" rating on shares of WEX in a research report on Thursday, February 6th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $187.80.

WEX 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.