Chicago Equity Partners LLC boosted its stake in shares of WEX Inc (NYSE:WEX) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,165 shares of the business services provider’s stock after purchasing an additional 215 shares during the period. Chicago Equity Partners LLC’s holdings in WEX were worth $2,544,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in WEX. Federated Investors Inc. PA grew its position in WEX by 2,777.4% during the 3rd quarter. Federated Investors Inc. PA now owns 445,515 shares of the business services provider’s stock worth $89,441,000 after purchasing an additional 430,032 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of WEX in the 4th quarter valued at $35,128,000. BlackRock Inc. boosted its holdings in shares of WEX by 6.8% in the 3rd quarter. BlackRock Inc. now owns 3,720,426 shares of the business services provider’s stock valued at $746,912,000 after acquiring an additional 236,285 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of WEX by 31.6% in the 3rd quarter. Victory Capital Management Inc. now owns 658,395 shares of the business services provider’s stock valued at $132,180,000 after acquiring an additional 158,212 shares during the last quarter. Finally, Vanguard Group Inc boosted its holdings in shares of WEX by 3.0% in the 3rd quarter. Vanguard Group Inc now owns 3,840,898 shares of the business services provider’s stock valued at $771,098,000 after acquiring an additional 111,362 shares during the last quarter. 97.16% of the stock is currently owned by institutional investors.
In other news, insider David G. Cooper sold 607 shares of the company’s stock in a transaction on Monday, December 17th. The shares were sold at an average price of $145.15, for a total transaction of $88,106.05. Following the completion of the sale, the insider now owns 1,065 shares of the company’s stock, valued at $154,584.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.57% of the stock is owned by corporate insiders.
WEX has been the topic of several recent research reports. Deutsche Bank reaffirmed a “buy” rating and issued a $186.00 price objective on shares of WEX in a report on Wednesday, November 21st. BTIG Research started coverage on shares of WEX in a research report on Thursday, January 17th. They set a “buy” rating and a $198.00 price objective for the company. ValuEngine upgraded shares of WEX from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Jefferies Financial Group started coverage on shares of WEX in a research report on Monday, January 28th. They set a “hold” rating and a $170.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of WEX from a “sell” rating to a “hold” rating in a research report on Saturday, January 12th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $193.67.
WEX stock opened at $172.03 on Thursday. WEX Inc has a 52-week low of $131.35 and a 52-week high of $203.49. The firm has a market cap of $7.20 billion, a PE ratio of 36.60, a price-to-earnings-growth ratio of 1.36 and a beta of 1.55. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.16.
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WEX Inc provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment and processing services.
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