WEX Inc. $WEX Stock Holdings Decreased by River Road Asset Management LLC

River Road Asset Management LLC lowered its position in shares of WEX Inc. (NYSE:WEX) by 1.5% during the fourth quarter, Holdings Channel reports. The fund owned 776,008 shares of the business services provider’s stock after selling 12,033 shares during the quarter. WEX makes up 1.3% of River Road Asset Management LLC’s holdings, making the stock its 22nd largest holding. River Road Asset Management LLC’s holdings in WEX were worth $115,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC boosted its stake in WEX by 794.0% in the 4th quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider’s stock worth $132,563,000 after purchasing an additional 790,271 shares during the period. Turtle Creek Asset Management Inc. acquired a new stake in WEX during the 3rd quarter valued at $93,289,000. Par Capital Management Inc. raised its stake in WEX by 21.6% during the 4th quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock valued at $335,503,000 after purchasing an additional 400,500 shares during the period. Norges Bank purchased a new stake in shares of WEX in the fourth quarter valued at $50,202,000. Finally, New South Capital Management Inc. lifted its holdings in shares of WEX by 627.0% in the fourth quarter. New South Capital Management Inc. now owns 268,023 shares of the business services provider’s stock valued at $39,930,000 after purchasing an additional 231,158 shares in the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wall Street Zen cut WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Raymond James Financial reissued a “market perform” rating on shares of WEX in a research report on Friday, March 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research report on Friday, June 12th. Robert W. Baird lifted their target price on WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Finally, Loop Capital began coverage on WEX in a report on Monday, April 27th. They issued a “buy” rating and a $195.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $173.70.

WEX Trading Up 0.6%

Shares of NYSE:WEX opened at $127.67 on Friday. The firm has a fifty day moving average of $149.35 and a two-hundred day moving average of $152.98. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.83. WEX Inc. has a 12-month low of $125.29 and a 12-month high of $186.85. The firm has a market capitalization of $4.43 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85.

WEX (NYSE:WEX) last posted its quarterly 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 business had revenue of $673.80 million for the quarter, compared to the consensus estimate of $660.96 million. During the same period in the prior year, the business posted $3.51 earnings per share. WEX’s revenue for the quarter 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, equities analysts expect that WEX Inc. will post 16.49 EPS for the current fiscal year.

WEX declared that its Board of Directors has authorized a stock repurchase plan on Thursday, May 14th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to buy up to 21.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at WEX

In other WEX news, COO Robert Joseph Deshaies sold 1,200 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $144.84, for a total value of $173,808.00. Following the transaction, the chief operating officer owned 22,288 shares in the company, valued at $3,228,193.92. The trade was a 5.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James R. Groch bought 1,500 shares of the company’s stock in a transaction on Monday, May 18th. The stock was purchased at an average cost of $142.95 per share, for a total transaction of $214,425.00. Following the completion of the transaction, the director owned 17,957 shares in the company, valued at approximately $2,566,953.15. The trade was a 9.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 8,200 shares of company stock worth $1,318,798 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

WEX 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.