4,084 Shares in WEX Inc. $WEX Purchased by M&T Bank Corp

M&T Bank Corp bought a new position in shares of WEX Inc. (NYSE:WEX) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,084 shares of the business services provider’s stock, valued at approximately $609,000.

A number of other institutional investors also recently added to or reduced their stakes in WEX. Quent Capital LLC bought a new position in shares of WEX in the third quarter valued at approximately $28,000. First Horizon Corp raised its stake in shares of WEX by 65.7% in the fourth quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 94 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of WEX by 368.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 173 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of WEX by 162.1% in the third quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 141 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in WEX by 56.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 329 shares of the business services provider’s stock worth $53,000 after purchasing an additional 119 shares during the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WEX has been the subject of several research analyst reports. Loop Capital initiated coverage on shares of WEX in a research report on Monday, April 27th. They issued a “buy” rating and a $195.00 price objective for the company. Raymond James Financial restated a “market perform” rating on shares of WEX in a research report on Friday, March 6th. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a research report on Monday, April 20th. Mizuho dropped their price objective on shares of WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Four equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, WEX currently has an average rating of “Hold” and a consensus price target of $169.27.

WEX Price Performance

WEX opened at $140.34 on Tuesday. The company has a fifty day moving average price of $157.67 and a two-hundred day moving average price of $154.20. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.05 and a current ratio of 1.05. WEX Inc. has a 52 week low of $128.91 and a 52 week high of $186.85. The firm has a market capitalization of $4.87 billion, a PE ratio of 15.75, a P/E/G ratio of 0.89 and a beta of 0.87.

WEX (NYSE:WEX) last released its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $3.92 by $0.23. WEX had a net margin of 11.50% and a return on equity of 42.66%. The firm had revenue of $673.80 million during the quarter, compared to analyst estimates of $660.96 million. During the same quarter in the previous year, the business earned $3.51 EPS. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. As a group, analysts anticipate that WEX Inc. will post 16.34 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Jennifer Kimball sold 715 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $157.82, for a total value of $112,841.30. Following the completion of the transaction, the chief accounting officer owned 6,203 shares of the company’s stock, valued at $978,957.46. The trade was a 10.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joel Alan Dearborn, Jr. sold 3,500 shares of the business’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $175.00, for a total transaction of $612,500.00. Following the completion of the transaction, the chief operating officer directly owned 22,872 shares of the company’s stock, valued at $4,002,600. This trade represents a 13.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 15,479 shares of company stock worth $2,454,914 over the last ninety days. Insiders own 1.40% of the company’s stock.

WEX Company Profile

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.