Bath Savings Trust Co Sells 3,605 Shares of WEX Inc. (NYSE:WEX)

Bath Savings Trust Co decreased its stake in WEX Inc. (NYSE:WEXFree Report) by 14.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,960 shares of the business services provider’s stock after selling 3,605 shares during the quarter. Bath Savings Trust Co’s holdings in WEX were worth $3,675,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WEX. Janus Henderson Group PLC increased its holdings in WEX by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 4,163,678 shares of the business services provider’s stock worth $873,251,000 after acquiring an additional 25,365 shares in the last quarter. FMR LLC increased its stake in shares of WEX by 8.8% in the third quarter. FMR LLC now owns 1,555,507 shares of the business services provider’s stock worth $326,237,000 after purchasing an additional 125,262 shares in the last quarter. State Street Corp increased its stake in shares of WEX by 0.3% in the third quarter. State Street Corp now owns 1,240,953 shares of the business services provider’s stock worth $260,265,000 after purchasing an additional 3,882 shares in the last quarter. River Road Asset Management LLC raised its position in shares of WEX by 5.0% during the 3rd quarter. River Road Asset Management LLC now owns 720,465 shares of the business services provider’s stock valued at $151,103,000 after purchasing an additional 34,264 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of WEX by 34.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 495,527 shares of the business services provider’s stock valued at $87,772,000 after buying an additional 126,663 shares in the last quarter. Institutional investors own 97.47% of the company’s stock.

WEX Trading Down 0.3 %

Shares of WEX stock traded down $0.53 on Tuesday, reaching $177.79. The company had a trading volume of 91,968 shares, compared to its average volume of 262,052. The firm’s 50-day moving average price is $178.69 and its two-hundred day moving average price is $186.02. WEX Inc. has a 1 year low of $165.51 and a 1 year high of $244.04. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 22.56, a P/E/G ratio of 1.39 and a beta of 1.58. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.04 and a quick ratio of 1.04.

WEX (NYSE:WEXGet Free Report) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $4.35 earnings per share for the quarter, beating analysts’ consensus estimates of $3.82 by $0.53. The business had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $688.03 million. WEX had a net margin of 12.45% and a return on equity of 31.35%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.44 earnings per share. As a group, research analysts predict that WEX Inc. will post 13.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Robert Joseph Deshaies sold 175 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $189.44, for a total transaction of $33,152.00. Following the transaction, the chief operating officer now owns 7,582 shares of the company’s stock, valued at approximately $1,436,334.08. This represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WEX. Bank of America raised their price target on WEX from $238.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group boosted their price target on WEX from $190.00 to $210.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods cut their price objective on shares of WEX from $247.00 to $220.00 and set an “outperform” rating for the company in a report on Monday. Wolfe Research downgraded shares of WEX from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company cut their target price on shares of WEX from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, WEX presently has a consensus rating of “Moderate Buy” and an average target price of $227.73.

Check Out Our Latest Report on WEX

WEX Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding WEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WEX Inc. (NYSE:WEXFree Report).

Institutional Ownership by Quarter for WEX (NYSE:WEX)

Receive News & Ratings for WEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEX and related companies with MarketBeat.com's FREE daily email newsletter.