Thompson Siegel & Walmsley LLC Raises Holdings in WEX Inc. (NYSE:WEX)

Thompson Siegel & Walmsley LLC boosted its holdings in shares of WEX Inc. (NYSE:WEX - Free Report) by 7.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,697 shares of the business services provider's stock after purchasing an additional 4,194 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.15% of WEX worth $10,466,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors LLC raised its stake in WEX by 300.4% during the 3rd quarter. Natixis Advisors LLC now owns 68,539 shares of the business services provider's stock valued at $14,375,000 after purchasing an additional 51,423 shares during the period. Fifth Third Bancorp raised 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 valued at $1,540,000 after purchasing an additional 8,277 shares during the period. Smartleaf Asset Management LLC raised its stake in 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 purchasing an additional 66 shares during the period. Atria Investments Inc raised its stake in WEX by 289.0% during the 3rd quarter. Atria Investments Inc now owns 6,528 shares of the business services provider's stock valued at $1,369,000 after purchasing an additional 4,850 shares during the period. Finally, KBC Group NV raised its stake in WEX by 53.7% during the 4th quarter. KBC Group NV now owns 1,825 shares of the business services provider's stock valued at $320,000 after purchasing an additional 638 shares during the period. Institutional investors own 97.47% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have weighed in on WEX. UBS Group cut their price target on WEX from $200.00 to $172.00 and set a "neutral" rating for the company in a report on Friday, February 7th. Robert W. Baird set a $186.00 price target on WEX in a report on Tuesday, February 18th. Keefe, Bruyette & Woods cut their price target on WEX from $220.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Mizuho cut their price target on WEX from $215.00 to $170.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Finally, Citigroup cut WEX from a "buy" rating to a "neutral" rating and cut their price target for the company from $260.00 to $190.00 in a report on Tuesday, January 14th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $195.73.

WEX Trading Up 1.6 %

WEX stock traded up $2.51 during mid-day trading on Monday, hitting $156.60. The company's stock had a trading volume of 171,048 shares, compared to its average volume of 590,160. The company has a 50 day moving average of $166.67 and a 200-day moving average of $181.56. The stock has a market cap of $6.08 billion, a PE ratio of 20.86, a P/E/G ratio of 2.06 and a beta of 1.61. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.04 and a current ratio of 1.02. WEX Inc. has a one year low of $146.03 and a one year high of $244.04.

WEX (NYSE:WEX - Get Free Report) last issued its earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share 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, research analysts anticipate 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.