Cwm LLC Has $73,000 Position in WEX Inc. (NYSE:WEX)

Cwm LLC grew its stake in WEX Inc. (NYSE:WEX) by 15.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 377 shares of the business services provider’s stock after buying an additional 51 shares during the period. Cwm LLC’s holdings in WEX were worth $73,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. VisionPoint Advisory Group LLC boosted its position in WEX by 74.7% during the third quarter. VisionPoint Advisory Group LLC now owns 145 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 62 shares during the last quarter. Bath Savings Trust Co grew its stake in WEX by 0.3% during the fourth quarter. Bath Savings Trust Co now owns 27,284 shares of the business services provider’s stock worth $5,308,000 after purchasing an additional 80 shares during the period. Arizona State Retirement System increased its holdings in WEX by 0.7% in the third quarter. Arizona State Retirement System now owns 12,198 shares of the business services provider’s stock worth $2,294,000 after purchasing an additional 83 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in WEX by 5.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,893 shares of the business services provider’s stock valued at $368,000 after buying an additional 94 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of WEX by 7.8% during the 4th quarter. SG Americas Securities LLC now owns 1,845 shares of the business services provider’s stock worth $359,000 after buying an additional 134 shares in the last quarter. 97.47% of the stock is currently owned by institutional investors.

WEX Stock Down 0.8 %

WEX opened at $210.03 on Thursday. WEX Inc. has a fifty-two week low of $161.95 and a fifty-two week high of $244.04. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50-day moving average is $229.15 and its 200 day moving average is $205.04. The firm has a market capitalization of $8.80 billion, a P/E ratio of 34.15, a PEG ratio of 1.21 and a beta of 1.60.

WEX (NYSE:WEX) last announced its earnings results on Thursday, February 8th. The business services provider reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.15). WEX had a return on equity of 30.92% and a net margin of 10.21%. The business had revenue of $663.30 million during the quarter, compared to analysts’ expectations of $656.75 million. Research analysts expect that WEX Inc. will post 13.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WEX. JPMorgan Chase & Co. lifted their price objective on shares of WEX from $205.00 to $239.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. StockNews.com cut shares of WEX from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Jefferies Financial Group boosted their target price on WEX from $235.00 to $240.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Evercore ISI raised their price objective on WEX from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, William Blair reaffirmed an “outperform” rating on shares of WEX in a research report on Thursday, February 8th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $240.00.

Insider Buying and Selling at WEX

In related news, CAO Jennifer Kimball sold 574 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $222.24, for a total transaction of $127,565.76. Following the completion of the transaction, the chief accounting officer now owns 1,297 shares in the company, valued at $288,245.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, COO Robert Joseph Deshaies sold 1,897 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $211.01, for a total transaction of $400,285.97. Following the transaction, the chief operating officer now owns 9,408 shares of the company’s stock, valued at approximately $1,985,182.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jennifer Kimball sold 574 shares of WEX stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $222.24, for a total value of $127,565.76. Following the completion of the sale, the chief accounting officer now directly owns 1,297 shares of the company’s stock, valued at approximately $288,245.28. The disclosure for this sale can be found here. Insiders sold 32,157 shares of company stock worth $7,090,562 in the last quarter. 1.10% of the stock is currently owned by company insiders.

About WEX

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.