WEX Inc (WEX) Holdings Boosted by Chicago Equity Partners LLC

Chicago Equity Partners LLC raised its holdings in WEX Inc (NYSE:WEX) by 31.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,950 shares of the business services provider’s stock after purchasing an additional 4,325 shares during the period. Chicago Equity Partners LLC’s holdings in WEX were worth $3,604,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in WEX. TRUE Private Wealth Advisors acquired a new stake in shares of WEX during the 3rd quarter valued at approximately $103,000. Cutler Group LP raised its position in shares of WEX by 133.3% during the 2nd quarter. Cutler Group LP now owns 700 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 400 shares in the last quarter. Parallel Advisors LLC acquired a new stake in shares of WEX during the 3rd quarter valued at approximately $166,000. NumerixS Investment Technologies Inc raised its position in shares of WEX by 150.0% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,000 shares of the business services provider’s stock valued at $191,000 after acquiring an additional 600 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. acquired a new stake in shares of WEX during the 2nd quarter valued at approximately $206,000. 99.42% of the stock is currently owned by institutional investors.

Shares of NYSE WEX opened at $169.31 on Friday. WEX Inc has a 1-year low of $118.40 and a 1-year high of $203.49. The company has a current ratio of 1.50, a quick ratio of 1.44 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of 36.02, a P/E/G ratio of 1.47 and a beta of 1.73.

WEX (NYSE:WEX) last issued its earnings results on Wednesday, October 31st. The business services provider reported $2.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.07. WEX had a return on equity of 16.92% and a net margin of 15.63%. The firm had revenue of $382.70 million for the quarter, compared to analyst estimates of $375.15 million. During the same period last year, the company earned $1.43 earnings per share. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. Sell-side analysts anticipate that WEX Inc will post 7.59 EPS for the current fiscal year.

Several equities research analysts recently issued reports on WEX shares. SunTrust Banks reissued a “buy” rating and set a $215.00 price target on shares of WEX in a research report on Friday, August 3rd. Citigroup upped their price target on WEX from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, July 20th. Zacks Investment Research raised WEX from a “hold” rating to a “buy” rating and set a $211.00 price target on the stock in a research report on Saturday, October 13th. Morgan Stanley upped their price target on WEX from $188.00 to $190.00 and gave the company a “hold” rating in a research report on Friday, August 3rd. Finally, ValuEngine lowered WEX from a “buy” rating to a “hold” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $198.80.

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WEX Profile

WEX Inc provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment and processing services.

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Institutional Ownership by Quarter for WEX (NYSE:WEX)

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