Blue Trust Inc. Purchases 143 Shares of WEX Inc. $WEX

Blue Trust Inc. increased its position in WEX Inc. (NYSE:WEX) by 5.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,563 shares of the business services provider’s stock after acquiring an additional 143 shares during the quarter. Blue Trust Inc.’s holdings in WEX were worth $376,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of WEX. Farther Finance Advisors LLC lifted its stake in WEX by 161.5% in the 1st quarter. Farther Finance Advisors LLC now owns 272 shares of the business services provider’s stock worth $44,000 after purchasing an additional 168 shares in the last quarter. GAMMA Investing LLC raised its position in shares of WEX by 78.1% in the first quarter. GAMMA Investing LLC now owns 440 shares of the business services provider’s stock worth $69,000 after buying an additional 193 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of WEX in the 1st quarter valued at about $279,000. Johnson Investment Counsel Inc. raised its holdings in shares of WEX by 145.1% in the 1st quarter. Johnson Investment Counsel Inc. now owns 13,461 shares of the business services provider’s stock valued at $2,114,000 after acquiring an additional 7,968 shares in the last quarter. Finally, Praxis Investment Management Inc. purchased a new stake in shares of WEX in the 1st quarter valued at about $264,000. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Ann Elena Drew sold 1,931 shares of WEX stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $171.69, for a total value of $331,533.39. Following the transaction, the insider directly owned 7,295 shares of the company’s stock, valued at $1,252,478.55. The trade was a 20.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Carlos Carriedo sold 875 shares of WEX stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $171.68, for a total transaction of $150,220.00. Following the completion of the transaction, the chief operating officer directly owned 5,270 shares in the company, valued at approximately $904,753.60. The trade was a 14.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WEX. Robert W. Baird raised their target price on shares of WEX from $198.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. William Blair restated a “market perform” rating on shares of WEX in a research report on Friday, July 25th. Barclays raised their price objective on shares of WEX from $135.00 to $170.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a research report on Wednesday, October 8th. Finally, Mizuho raised their price target on WEX from $150.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Three analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, WEX presently has an average rating of “Hold” and a consensus price target of $180.91.

WEX Stock Up 0.1%

WEX opened at $150.44 on Tuesday. The company has a market cap of $5.15 billion, a P/E ratio of 19.02, a P/E/G ratio of 1.40 and a beta of 1.26. The business’s 50-day moving average price is $166.96 and its 200-day moving average price is $150.05. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.99. WEX Inc. has a 12 month low of $110.45 and a 12 month high of $217.47.

WEX 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.