Carlos Carriedo Sells 1,075 Shares of WEX (NYSE:WEX) Stock

Posted by Geri Gentry on Aug 6th, 2026

WEX Inc. (NYSE:WEX – Get Free Report) COO Carlos Carriedo sold 1,075 shares of WEX stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $186.00, for a total value of $199,950.00. Following the completion of the sale, the chief operating officer owned 11,076 shares of the company’s stock, valued at $2,060,136. The trade was a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

WEX Stock Performance

Shares of WEX traded up $1.56 during mid-day trading on Thursday, hitting $189.96. 518,177 shares of the company traded hands, compared to its average volume of 583,288. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.04 and a current ratio of 1.04. WEX Inc. has a 1 year low of $125.29 and a 1 year high of $192.37. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 1.05 and a beta of 0.82. The stock has a 50-day moving average price of $152.79 and a two-hundred day moving average price of $154.31.

WEX (NYSE:WEX – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, beating the consensus estimate of $5.08 by $0.27. The firm had revenue of $753.50 million for the quarter, compared to analysts’ expectations of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.The company’s revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.95 EPS. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Equities analysts anticipate that WEX Inc. will post 17.12 earnings per share for the current year.

WEX announced that its board has approved a share repurchase plan on Thursday, May 14th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WEX shares. Robert W. Baird boosted their price target on WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Mizuho raised their price objective on shares of WEX from $170.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Loop Capital assumed coverage on shares of WEX in a report on Monday, April 27th. They set a “buy” rating and a $195.00 target price for the company. Deutsche Bank Aktiengesellschaft dropped their price target on shares of WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Finally, Cantor Fitzgerald set a $178.00 price objective on WEX in a research note on Monday, July 27th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, WEX currently has a consensus rating of “Hold” and a consensus price target of $183.30.

View Our Latest Report on WEX

Hedge Funds Weigh In On WEX

Hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC boosted its position in shares of WEX by 1.1% during the first quarter. Janus Henderson Group PLC now owns 3,916,073 shares of the business services provider’s stock worth $599,313,000 after acquiring an additional 44,031 shares during the last quarter. Par Capital Management Inc. lifted its stake in WEX by 21.6% in the 4th quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock worth $335,503,000 after purchasing an additional 400,500 shares in the last quarter. Boston Partners lifted its stake in WEX by 13.7% in the 4th quarter. Boston Partners now owns 1,447,442 shares of the business services provider’s stock worth $215,955,000 after purchasing an additional 174,079 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of WEX by 794.0% during the 4th quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider’s stock valued at $132,563,000 after purchasing an additional 790,271 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of WEX by 8.6% during the third quarter. Bank of America Corp DE now owns 879,033 shares of the business services provider’s stock valued at $138,474,000 after purchasing an additional 69,375 shares in the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

About WEX

(Get Free Report)

WEX Inc is a global financial technology company specializing in business payment solutions for fleet, travel, and corporate payments. The company delivers software-driven platforms and card-based services that help businesses automate payment processes, manage expenses and improve operational efficiency across a range of industries, including transportation, healthcare and government.

Founded in 1983 as Wright Express in Portland, Maine, the company began by offering fuel card services to trucking fleets.