River Road Asset Management LLC grew its position in shares of WEX Inc. (NYSE:WEX - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 725,842 shares of the business services provider's stock after buying an additional 5,377 shares during the period. WEX comprises 1.7% of River Road Asset Management LLC's portfolio, making the stock its 10th largest position. River Road Asset Management LLC owned 1.82% of WEX worth $127,255,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in WEX. FMR LLC grew its stake in WEX by 8.8% during the 3rd quarter. FMR LLC now owns 1,555,507 shares of the business services provider's stock worth $326,237,000 after buying an additional 125,262 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in WEX by 82.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 175,690 shares of the business services provider's stock valued at $36,847,000 after purchasing an additional 79,252 shares during the period. Raymond James Financial Inc. bought a new position in WEX in the 4th quarter worth about $12,444,000. Fisher Asset Management LLC raised its holdings in shares of WEX by 168.8% during the fourth quarter. Fisher Asset Management LLC now owns 82,896 shares of the business services provider's stock valued at $14,533,000 after buying an additional 52,056 shares during the last quarter. Finally, Natixis Advisors LLC boosted its position in shares of WEX by 300.4% during the third quarter. Natixis Advisors LLC now owns 68,539 shares of the business services provider's stock worth $14,375,000 after buying an additional 51,423 shares during the period. 97.47% of the stock is owned by institutional investors and hedge funds.
WEX Price Performance
Shares of WEX stock traded up $4.10 during trading hours on Friday, reaching $154.47. 873,625 shares of the company were exchanged, compared to its average volume of 599,096. 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 market cap of $6.00 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 2.06 and a beta of 1.61. The stock's fifty day moving average is $167.12 and its two-hundred day moving average is $181.86. WEX Inc. has a fifty-two week low of $146.03 and a fifty-two week high of $244.04.
WEX (NYSE:WEX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, topping 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%. Sell-side analysts forecast that WEX Inc. will post 14.09 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts recently commented on WEX shares. William Blair reiterated a "market perform" rating on shares of WEX in a research note on Thursday, February 6th. Mizuho decreased their target price on WEX from $215.00 to $170.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Bank of America cut shares of WEX from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. Citigroup downgraded shares of 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. Finally, Robert W. Baird set a $186.00 target price on shares of WEX in a research note on Tuesday, February 18th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, WEX currently has a consensus rating of "Hold" and an average price target of $195.73.
Check Out Our Latest Analysis on WEX
WEX Company Profile
(
Free Report)
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.
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