Natixis Advisors LLC Decreases Position in WEX Inc. (NYSE:WEX)

Natixis Advisors LLC lowered its holdings in shares of WEX Inc. (NYSE:WEX - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 60,921 shares of the business services provider's stock after selling 7,618 shares during the period. Natixis Advisors LLC owned about 0.15% of WEX worth $10,680,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of WEX during the 3rd quarter valued at $35,000. Jones Financial Companies Lllp grew its holdings in shares of WEX by 108.4% during the 4th quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider's stock valued at $43,000 after purchasing an additional 129 shares during the last quarter. UMB Bank n.a. grew 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 during the last quarter. Brooklyn Investment Group bought a new position in shares of WEX during the 3rd quarter valued at $59,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of 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 last quarter. Institutional investors own 97.47% of the company's stock.

Wall Street Analyst Weigh In

WEX has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price target on shares of WEX from $220.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Bank of America lowered shares of WEX from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. UBS Group cut their price target on shares of WEX from $200.00 to $172.00 and set a "neutral" rating on the stock in a report on Friday, February 7th. William Blair reissued a "market perform" rating on shares of WEX in a report on Thursday, February 6th. Finally, Barclays cut their price target on shares of WEX from $200.00 to $155.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, WEX presently has a consensus rating of "Hold" and an average target price of $195.73.

Remove Ads

WEX Trading Up 0.5 %

Shares of NYSE:WEX traded up $0.77 on Friday, hitting $157.11. The company had a trading volume of 2,778,600 shares, compared to its average volume of 436,932. The firm's 50-day simple moving average is $164.79 and its two-hundred day simple moving average is $180.43. WEX Inc. has a 1 year low of $146.03 and a 1 year high of $244.04. 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 firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 2.06 and a beta of 1.61.

WEX (NYSE:WEX - Get Free Report) last issued its quarterly 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 net margin of 11.78% and a return on equity of 32.35%. Equities analysts anticipate that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

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.