WEX Inc. (NYSE:WEX) Shares Acquired by Distillate Capital Partners LLC

Distillate Capital Partners LLC boosted its holdings in shares of WEX Inc. (NYSE:WEX - Free Report) by 10.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 89,823 shares of the business services provider's stock after purchasing an additional 8,282 shares during the period. Distillate Capital Partners LLC owned approximately 0.23% of WEX worth $15,748,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in WEX. JPMorgan Chase & Co. grew its holdings in shares of WEX by 105.8% during the fourth quarter. JPMorgan Chase & Co. now owns 2,046,614 shares of the business services provider's stock worth $358,812,000 after buying an additional 1,052,087 shares during the last quarter. Lyrical Asset Management LP lifted its stake in shares of WEX by 0.4% in the 4th quarter. Lyrical Asset Management LP now owns 823,434 shares of the business services provider's stock worth $144,364,000 after acquiring an additional 3,190 shares during the period. River Road Asset Management LLC lifted its stake in shares of WEX by 0.7% in the 4th quarter. River Road Asset Management LLC now owns 725,842 shares of the business services provider's stock worth $127,255,000 after acquiring an additional 5,377 shares during the period. Sei Investments Co. boosted its holdings in shares of WEX by 5.2% in the fourth quarter. Sei Investments Co. now owns 481,490 shares of the business services provider's stock valued at $84,415,000 after acquiring an additional 23,859 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of WEX during the fourth quarter worth about $80,535,000. 97.47% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays lowered their price objective on WEX from $200.00 to $155.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. Mizuho dropped their price objective on WEX from $215.00 to $170.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. William Blair reissued a "market perform" rating on shares of WEX in a report on Thursday, February 6th. Keefe, Bruyette & Woods lowered their price target 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, Jefferies Financial Group boosted their price objective on shares of WEX from $180.00 to $190.00 and gave the stock a "hold" rating in a report on Wednesday, January 22nd. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $187.80.

WEX Price Performance

Shares of NYSE WEX traded down $0.32 on Tuesday, hitting $127.36. The company's stock had a trading volume of 380,717 shares, compared to its average volume of 541,950. The stock has a 50 day moving average of $148.89 and a 200-day moving average of $172.64. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 2.06 and a beta of 1.33. WEX Inc. has a 12-month low of $110.45 and a 12-month high of $235.83. 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 (NYSE:WEX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, beating analysts' consensus estimates of $2.97 by $0.16. WEX had a return on equity of 32.35% and a net margin of 11.78%. As a group, research analysts predict 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.