UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stake in WEX Inc. $WEX

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in WEX Inc. (NYSE:WEX) by 4.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,877 shares of the business services provider’s stock after selling 5,754 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in WEX were worth $16,913,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. increased its position in shares of WEX by 47.5% in the 4th quarter. Crossmark Global Holdings Inc. now owns 29,207 shares of the business services provider’s stock valued at $4,351,000 after acquiring an additional 9,410 shares during the period. Geode Capital Management LLC grew its stake in WEX by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 638,957 shares of the business services provider’s stock valued at $95,209,000 after purchasing an additional 6,971 shares during the last quarter. CenterBook Partners LP increased its holdings in shares of WEX by 252.7% in the fourth quarter. CenterBook Partners LP now owns 70,834 shares of the business services provider’s stock valued at $10,553,000 after purchasing an additional 50,752 shares during the period. Clifford Capital Partners LLC purchased a new position in shares of WEX in the fourth quarter worth about $14,202,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in WEX by 143.6% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 20,019 shares of the business services provider’s stock valued at $2,982,000 after buying an additional 11,800 shares during the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

Insider Buying and Selling

In related news, CEO Melissa D. Smith sold 28,109 shares of WEX stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $190.09, for a total value of $5,343,239.81. Following the sale, the chief executive officer owned 126,625 shares of the company’s stock, valued at approximately $24,070,146.25. This trade represents a 18.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Carlos Carriedo sold 1,075 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $186.00, for a total transaction of $199,950.00. Following the completion of the sale, the chief operating officer directly owned 11,076 shares of the company’s stock, valued at approximately $2,060,136. The trade was a 8.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 36,767 shares of company stock valued at $6,832,266 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

WEX has been the subject of a number of recent research reports. Weiss Ratings raised shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Keefe, Bruyette & Woods raised their target price on shares of WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Wall Street Zen lowered shares of WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Cantor Fitzgerald set a $178.00 price objective on WEX in a research note on Monday, July 27th. Finally, Morgan Stanley boosted their price objective on WEX from $161.00 to $172.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $183.30.

WEX Stock Down 0.6%

WEX stock opened at $193.75 on Friday. WEX Inc. has a one year low of $125.29 and a one year high of $203.99. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.04 and a current ratio of 1.04. The firm’s fifty day moving average is $177.19 and its 200 day moving average is $160.06. The firm has a market cap of $6.60 billion, a PE ratio of 19.30, a P/E/G ratio of 1.01 and a beta of 0.83.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, topping analysts’ consensus estimates of $5.08 by $0.27. WEX had a net margin of 12.56% and a return on equity of 43.19%. The business had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. During the same quarter in the prior year, the firm posted $3.95 earnings per share. The company’s revenue was up 14.2% compared to the same quarter last year. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. On average, research analysts forecast that WEX Inc. will post 17.11 EPS for the current year.

WEX announced that its Board of Directors has initiated a stock buyback plan on Thursday, May 14th that authorizes the company to repurchase $1.00 billion in outstanding 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 typically an indication that the company’s leadership believes its shares are undervalued.

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.