Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $162.65 Million Stock Position in WEX Inc. (NYSE:WEX)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its stake in shares of WEX Inc. (NYSE:WEX - Free Report) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 883,495 shares of the business services provider's stock after selling 26,494 shares during the quarter. WEX comprises 1.4% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's portfolio, making the stock its 23rd biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned 2.22% of WEX worth $162,652,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC lifted its holdings 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 valued at $31,000 after purchasing an additional 101 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of WEX during the 3rd quarter valued at about $35,000. UMB Bank n.a. lifted its holdings 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 valued at $46,000 after purchasing an additional 221 shares in the last quarter. Covestor Ltd lifted its holdings in shares of WEX by 47.3% during the 3rd quarter. Covestor Ltd now owns 277 shares of the business services provider's stock valued at $58,000 after purchasing an additional 89 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of WEX during the 3rd quarter valued at about $59,000. 97.47% of the stock is currently owned by institutional investors and hedge funds.

WEX Stock Performance

Shares of WEX stock traded up $0.95 during trading on Tuesday, reaching $155.25. 976,824 shares of the company's stock were exchanged, compared to its average volume of 516,327. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 2.07. The stock has a market capitalization of $6.18 billion, a PE ratio of 20.70, a PEG ratio of 1.24 and a beta of 1.58. WEX Inc. has a twelve month low of $146.03 and a twelve month high of $244.04. The firm's fifty day moving average price is $176.89 and its 200-day moving average price is $185.69.

WEX (NYSE:WEX - Get Free Report) last posted its earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share 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%. As a group, sell-side analysts anticipate that WEX Inc. will post 14.27 EPS for the current year.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Citigroup cut WEX from a "buy" rating to a "neutral" rating and cut their target price for the company from $260.00 to $190.00 in a research note on Tuesday, January 14th. Robert W. Baird cut their target price on WEX from $285.00 to $230.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Jefferies Financial Group boosted their target price on WEX from $180.00 to $190.00 and gave the company a "hold" rating in a research note on Wednesday, January 22nd. Wells Fargo & Company cut their target price on WEX from $180.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Friday. Finally, William Blair restated a "market perform" rating on shares of WEX in a research note on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, WEX presently has an average rating of "Hold" and an average price target of $199.73.

WEX Company 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.