WEX Inc. (NYSE:WEX) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its stake in shares of WEX Inc. (NYSE:WEX - Free Report) by 56.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,427 shares of the business services provider's stock after acquiring an additional 2,667 shares during the quarter. Sanctuary Advisors LLC's holdings in WEX were worth $1,384,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of WEX. Commerce Bank boosted its position in WEX by 1.7% in the third quarter. Commerce Bank now owns 3,624 shares of the business services provider's stock valued at $760,000 after buying an additional 60 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in WEX by 0.6% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 11,175 shares of the business services provider's stock valued at $1,959,000 after buying an additional 70 shares during the last quarter. Covestor Ltd boosted its position in WEX by 47.3% in the third quarter. Covestor Ltd now owns 277 shares of the business services provider's stock valued at $58,000 after buying an additional 89 shares during the last quarter. Venturi Wealth Management LLC boosted its position in WEX by 206.1% in the third quarter. Venturi Wealth Management LLC now owns 150 shares of the business services provider's stock valued at $31,000 after buying an additional 101 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in WEX by 2.9% in the third quarter. State of Alaska Department of Revenue now owns 4,771 shares of the business services provider's stock valued at $1,000,000 after buying an additional 135 shares during the last quarter. Institutional investors and hedge funds own 97.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Jefferies Financial Group upped their target price on WEX from $180.00 to $190.00 and gave the company a "hold" rating in a research report on Wednesday, January 22nd. Wells Fargo & Company dropped their target price on WEX from $180.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Mizuho lowered their price objective on WEX from $215.00 to $170.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Keefe, Bruyette & Woods lowered their price objective on WEX from $220.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Finally, Bank of America lowered WEX from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $195.73.

WEX Price Performance

Shares of NYSE:WEX traded down $0.65 during midday trading on Friday, reaching $157.07. 617,998 shares of the company's stock traded hands, compared to its average volume of 536,990. WEX Inc. has a 1 year low of $146.03 and a 1 year high of $244.04. The company has a market cap of $6.10 billion, a P/E ratio of 20.94, a PEG ratio of 2.06 and a beta of 1.58. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.04 and a current ratio of 1.02. The company has a fifty day simple moving average of $170.52 and a two-hundred day simple moving average of $183.46.

WEX (NYSE:WEX - Get Free Report) last announced its earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (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%. Equities analysts predict that WEX Inc. will post 14.09 EPS for the current fiscal 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.