Amalgamated Bank boosted its position in WEX Inc (NYSE:WEX) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,181 shares of the business services provider’s stock after buying an additional 436 shares during the quarter. Amalgamated Bank’s holdings in WEX were worth $1,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in WEX. First Mercantile Trust Co. purchased a new position in shares of WEX in the fourth quarter valued at $191,000. Jane Street Group LLC grew its position in shares of WEX by 104.3% in the third quarter. Jane Street Group LLC now owns 1,786 shares of the business services provider’s stock valued at $200,000 after purchasing an additional 43,763 shares in the last quarter. Advisory Services Network LLC grew its position in shares of WEX by 4,540.6% in the fourth quarter. Advisory Services Network LLC now owns 1,485 shares of the business services provider’s stock valued at $210,000 after purchasing an additional 1,453 shares in the last quarter. CIBC Asset Management Inc purchased a new position in shares of WEX in the fourth quarter valued at $211,000. Finally, Private Advisor Group LLC purchased a new position in shares of WEX in the fourth quarter valued at $212,000.
WEX Inc (NYSE WEX) opened at $157.78 on Wednesday. WEX Inc has a 52-week low of $97.26 and a 52-week high of $161.06. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $6,874.79, a PE ratio of 42.41, a P/E/G ratio of 1.61 and a beta of 1.87.
In other WEX news, insider Nicola S. Morris sold 2,700 shares of WEX stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $149.47, for a total transaction of $403,569.00. Following the completion of the sale, the insider now owns 6,387 shares of the company’s stock, valued at $954,664.89. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 9.00% of the company’s stock.
Several equities analysts have recently weighed in on WEX shares. Oppenheimer lifted their price target on WEX from $130.00 to $176.00 in a research report on Monday, February 5th. Zacks Investment Research cut WEX from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Barclays reiterated an “equal weight” rating and issued a $170.00 price target (up from $163.00) on shares of WEX in a research report on Thursday, February 22nd. Wells Fargo & Co set a $160.00 target price on WEX and gave the stock a “hold” rating in a research report on Thursday, February 22nd. Finally, Credit Suisse Group restated an “outperform” rating and set a $167.00 target price (up from $141.00) on shares of WEX in a research report on Wednesday, January 17th. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $149.36.
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WEX Company Profile
WEX Inc is a provider of corporate payment solutions. The Company operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment provides customers with payment and transaction processing services designed for the needs of commercial and government fleets.
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