Pallas Capital Advisors LLC Purchases Shares of 3,524 WEX Inc. $WEX

Pallas Capital Advisors LLC acquired a new stake in shares of WEX Inc. (NYSE:WEX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,524 shares of the business services provider’s stock, valued at approximately $525,000.

Several other large investors have also modified their holdings of the stock. Lightrock Netherlands B.V. lifted its holdings in shares of WEX by 19.7% during the third quarter. Lightrock Netherlands B.V. now owns 43,800 shares of the business services provider’s stock valued at $6,900,000 after purchasing an additional 7,200 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in WEX by 1,289.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,797 shares of the business services provider’s stock worth $3,119,000 after purchasing an additional 18,372 shares in the last quarter. Earnest Partners LLC increased its stake in WEX by 1.1% in the 3rd quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider’s stock worth $143,006,000 after purchasing an additional 10,027 shares in the last quarter. Citigroup Inc. raised its holdings in WEX by 103.8% during the 3rd quarter. Citigroup Inc. now owns 24,088 shares of the business services provider’s stock worth $3,795,000 after buying an additional 12,266 shares during the period. Finally, Snyder Capital Management L P raised its holdings in WEX by 13.6% during the 3rd quarter. Snyder Capital Management L P now owns 175,427 shares of the business services provider’s stock worth $27,635,000 after buying an additional 21,028 shares during the period. 97.47% of the stock is owned by institutional investors.

WEX Trading Down 0.5%

Shares of NYSE WEX opened at $152.67 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.86. WEX Inc. has a one year low of $110.45 and a one year high of $180.71. The business has a 50-day moving average price of $156.27 and a two-hundred day moving average price of $154.26. The firm has a market capitalization of $5.24 billion, a PE ratio of 17.96, a PEG ratio of 1.16 and a beta of 0.97.

WEX (NYSE:WEX) last posted its quarterly earnings results on Wednesday, February 4th. The business services provider reported $4.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.90 by $0.21. The business had revenue of $672.90 million during the quarter, compared to analyst estimates of $660.89 million. WEX had a net margin of 11.43% and a return on equity of 48.01%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.57 earnings per share. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. As a group, analysts predict that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

Insider Activity at WEX

In other WEX news, CAO Jennifer Kimball sold 715 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $157.82, for a total value of $112,841.30. Following the transaction, the chief accounting officer owned 6,203 shares in the company, valued at approximately $978,957.46. This represents a 10.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sara Trickett sold 1,815 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $149.95, for a total transaction of $272,159.25. Following the completion of the sale, the insider owned 2,137 shares of the company’s stock, valued at approximately $320,443.15. The trade was a 45.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,479 shares of company stock worth $1,309,924 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

WEX has been the subject of several recent analyst reports. Raymond James Financial reiterated a “market perform” rating on shares of WEX in a report on Friday, March 6th. UBS Group set a $165.00 price target on shares of WEX and gave the company a “neutral” rating in a report on Friday, February 6th. Mizuho reduced their price target on shares of WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Cantor Fitzgerald raised their price objective on shares of WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $162.27.

About WEX

WEX Inc is a global financial technology company specializing in business payment solutions for fleet, travel, and corporate payments. The company delivers software-driven platforms and card-based services that help businesses automate payment processes, manage expenses and improve operational efficiency across a range of industries, including transportation, healthcare and government.

Founded in 1983 as Wright Express in Portland, Maine, the company began by offering fuel card services to trucking fleets.