WEX Inc. (NYSE:WEX) Shares Bought by Blue Trust Inc.

Blue Trust Inc. lifted its stake in shares of WEX Inc. (NYSE:WEX) by 231.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,384 shares of the business services provider’s stock after buying an additional 966 shares during the quarter. Blue Trust Inc.’s holdings in WEX were worth $243,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its stake in shares of WEX by 206.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 150 shares of the business services provider’s stock worth $31,000 after acquiring an additional 101 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of WEX in the third quarter valued at $35,000. Quarry LP grew its stake in WEX by 717.4% in the 2nd quarter. Quarry LP now owns 188 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 165 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of WEX by 552.5% in the fourth 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 in the last quarter. Finally, Covestor Ltd grew its position in shares of WEX by 47.3% in the third quarter. Covestor Ltd now owns 277 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on WEX. Keefe, Bruyette & Woods reduced their target price on WEX from $247.00 to $220.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Barclays restated an “equal weight” rating and issued a $200.00 price objective (down from $207.00) on shares of WEX in a research report on Tuesday, December 17th. Robert W. Baird dropped their price objective on WEX from $285.00 to $230.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Citigroup lowered shares of WEX from a “buy” rating to a “neutral” rating and reduced their target price for the company from $260.00 to $190.00 in a report on Tuesday, January 14th. Finally, Jefferies Financial Group raised their price target on shares of WEX from $180.00 to $190.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $217.73.

WEX Stock Performance

Shares of WEX stock opened at $182.14 on Tuesday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 1.50 and a beta of 1.58. WEX Inc. has a one year low of $165.51 and a one year high of $244.04. The company has a 50 day moving average price of $179.18 and a 200 day moving average price of $186.23.

Insider Transactions at WEX

In other news, COO Robert Joseph Deshaies sold 175 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $189.44, for a total transaction of $33,152.00. Following the completion of the sale, the chief operating officer now owns 7,582 shares in the company, valued at approximately $1,436,334.08. The trade was a 2.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

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.