Savant Capital LLC Purchases Shares of 6,654 WEX Inc. (NYSE:WEX)

Savant Capital LLC bought a new stake in WEX Inc. (NYSE:WEX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,654 shares of the business services provider's stock, valued at approximately $1,167,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WEX. Venturi Wealth Management LLC lifted its stake in shares of WEX by 206.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 150 shares of the business services provider's stock worth $31,000 after purchasing an additional 101 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of WEX during the 3rd quarter worth $35,000. UMB Bank n.a. lifted its stake in shares of WEX by 552.5% during the 4th quarter. UMB Bank n.a. now owns 261 shares of the business services provider's stock worth $46,000 after purchasing an additional 221 shares during the period. Covestor Ltd lifted its stake in shares of WEX by 47.3% during the 3rd quarter. Covestor Ltd now owns 277 shares of the business services provider's stock worth $58,000 after purchasing an additional 89 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of WEX during the 3rd quarter worth $59,000. Hedge funds and other institutional investors own 97.47% of the company's stock.

Insider Transactions at WEX

In other WEX news, COO Robert Joseph Deshaies sold 175 shares of the firm's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $189.44, for a total value of $33,152.00. Following the transaction, the chief operating officer now owns 7,582 shares of the company's stock, valued at $1,436,334.08. This trade represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Robert W. Baird reduced their price target on WEX from $285.00 to $230.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. UBS Group dropped their price objective on WEX from $200.00 to $172.00 and set a "neutral" rating for the company in a report on Friday, February 7th. Mizuho dropped their price objective on WEX from $215.00 to $170.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Barclays dropped their price objective on WEX from $200.00 to $155.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. Finally, Citigroup downgraded WEX from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $260.00 to $190.00 in a report on Tuesday, January 14th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $199.73.

WEX Stock Up 2.2 %

NYSE:WEX traded up $3.46 on Tuesday, reaching $158.15. The stock had a trading volume of 104,235 shares, compared to its average volume of 506,115. The company has a current ratio of 1.02, a quick ratio of 1.04 and a debt-to-equity ratio of 2.07. The company has a 50-day moving average of $173.95 and a 200 day moving average of $184.68. The stock has a market cap of $6.29 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 1.24 and a beta of 1.58. WEX Inc. has a 12-month low of $146.03 and a 12-month high of $244.04.

WEX (NYSE:WEX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, topping 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%. On average, research analysts predict that WEX Inc. will post 14.27 earnings per share 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.