WEX (NYSE:WEX) Reaches New 1-Year Low – Should You Sell?

WEX Inc. (NYSE:WEX) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $132.35 and last traded at $132.8710, with a volume of 133802 shares trading hands. The stock had previously closed at $135.50.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on WEX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a report on Monday, April 20th. Robert W. Baird upped their price target on shares of WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Raymond James Financial reaffirmed a “market perform” rating on shares of WEX in a report on Friday, March 6th. Loop Capital started coverage on shares of WEX in a report on Monday, April 27th. They set a “buy” rating and a $195.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a report on Friday. Four analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $173.70.

WEX Stock Down 3.8%

The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 0.84 and a beta of 0.85. The stock’s fifty day simple moving average is $151.50 and its two-hundred day simple moving average is $153.53. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.05 and a quick ratio of 1.05.

WEX (NYSE:WEX) last issued its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share for the quarter, topping analysts’ consensus estimates of $3.92 by $0.23. WEX had a net margin of 11.50% and a return on equity of 42.66%. The company had revenue of $673.80 million for the quarter, compared to analysts’ expectations of $660.96 million. During the same period in the prior year, the company earned $3.51 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. On average, sell-side analysts predict that WEX Inc. will post 16.49 earnings per share for the current fiscal year.

WEX declared that its Board of Directors has initiated a share buyback plan on Thursday, May 14th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at WEX

In related news, Director James R. Groch bought 1,500 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average price of $142.95 per share, for a total transaction of $214,425.00. Following the transaction, the director directly owned 17,957 shares of the company’s stock, valued at approximately $2,566,953.15. This represents a 9.11% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert Joseph Deshaies sold 1,200 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $144.84, for a total transaction of $173,808.00. Following the completion of the transaction, the chief operating officer owned 22,288 shares of the company’s stock, valued at $3,228,193.92. This represents a 5.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 9,019 shares of company stock worth $1,446,996. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On WEX

Large investors have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its stake in WEX by 679.8% during the first quarter. NewEdge Advisors LLC now owns 1,583 shares of the business services provider’s stock valued at $242,000 after buying an additional 1,380 shares in the last quarter. Essential Partners LLC lifted its stake in WEX by 20.5% during the first quarter. Essential Partners LLC now owns 1,451 shares of the business services provider’s stock valued at $222,000 after buying an additional 247 shares in the last quarter. Arete Wealth Advisors LLC purchased a new stake in WEX during the first quarter valued at about $3,501,000. Turtle Creek Asset Management Inc. lifted its stake in WEX by 58.5% during the first quarter. Turtle Creek Asset Management Inc. now owns 669,335 shares of the business services provider’s stock valued at $102,435,000 after buying an additional 246,923 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in WEX by 13.6% during the first quarter. Bank of America Corp DE now owns 823,681 shares of the business services provider’s stock valued at $126,056,000 after buying an additional 98,524 shares in the last quarter. Institutional investors own 97.47% of the company’s stock.

WEX Company Profile

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.