WEX Inc. (NYSE:WEX) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. decreased its position in shares of WEX Inc. (NYSE:WEX - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 403,089 shares of the business services provider's stock after selling 10,406 shares during the period. Federated Hermes Inc. owned 1.01% of WEX worth $70,670,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in shares of WEX by 13.2% in the 4th quarter. LPL Financial LLC now owns 29,408 shares of the business services provider's stock valued at $5,283,000 after acquiring an additional 3,439 shares during the period. Fifth Third Bancorp grew its position 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 purchasing an additional 8,277 shares during the last quarter. Smartleaf Asset Management LLC increased 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 purchasing an additional 66 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of WEX by 7.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,008 shares of the business services provider's stock valued at $1,053,000 after buying an additional 393 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of WEX by 108.4% during the fourth quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider's stock worth $43,000 after buying an additional 129 shares during the period. Hedge funds and other institutional investors own 97.47% of the company's stock.

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Analysts Set New Price Targets

WEX has been the subject of several analyst reports. Barclays reduced their price objective on WEX from $200.00 to $155.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. William Blair restated a "market perform" rating on shares of WEX in a research note on Thursday, February 6th. Mizuho lowered their price objective on shares of WEX from $215.00 to $170.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. UBS Group cut their price objective on shares of WEX from $200.00 to $172.00 and set a "neutral" rating for the company in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of WEX from $220.00 to $200.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $187.80.

WEX Stock Performance

Shares of NYSE:WEX traded up $1.63 during trading on Friday, reaching $126.00. 805,148 shares of the company's stock traded hands, compared to its average volume of 539,599. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.02 and a quick ratio of 1.04. The company has a 50 day moving average of $150.56 and a 200-day moving average of $173.75. WEX Inc. has a 12 month low of $110.45 and a 12 month high of $241.77. The stock has a market capitalization of $4.31 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 2.06 and a beta of 1.33.

WEX (NYSE:WEX - Get Free Report) last announced its quarterly earnings results 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 analysts expect that WEX Inc. will post 14.09 EPS for the current year.

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.