Melissa D. Smith Sells 5,000 Shares of WEX Inc (WEX) Stock
WEX Inc (NYSE:WEX) CEO Melissa D. Smith sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $205.00, for a total transaction of $1,025,000.00. Following the transaction, the chief executive officer now owns 70,783 shares in the company, valued at approximately $14,510,515. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of NYSE:WEX traded down $1.62 during midday trading on Wednesday, reaching $203.18. The company’s stock had a trading volume of 190,015 shares, compared to its average volume of 351,110. The firm has a market capitalization of $8.86 billion, a P/E ratio of 26.59, a PEG ratio of 1.56 and a beta of 1.53. WEX Inc has a twelve month low of $131.35 and a twelve month high of $212.13. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.47.
WEX (NYSE:WEX) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.19. The firm had revenue of $381.90 million for the quarter, compared to analyst estimates of $379.57 million. WEX had a net margin of 8.84% and a return on equity of 17.88%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.81 earnings per share. Equities analysts anticipate that WEX Inc will post 8.64 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc increased its stake in shares of WEX by 3.0% in the third quarter. Vanguard Group Inc now owns 3,840,898 shares of the business services provider’s stock worth $771,098,000 after acquiring an additional 111,362 shares during the period. BlackRock Inc. increased its stake in shares of WEX by 0.8% in the first quarter. BlackRock Inc. now owns 3,836,236 shares of the business services provider’s stock worth $736,518,000 after acquiring an additional 28,937 shares during the period. Janus Henderson Group PLC increased its stake in shares of WEX by 0.4% in the first quarter. Janus Henderson Group PLC now owns 3,809,094 shares of the business services provider’s stock worth $731,308,000 after acquiring an additional 13,441 shares during the period. Wells Fargo & Company MN increased its stake in shares of WEX by 17.5% in the first quarter. Wells Fargo & Company MN now owns 1,357,772 shares of the business services provider’s stock worth $260,680,000 after acquiring an additional 202,492 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of WEX by 14.5% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,204,643 shares of the business services provider’s stock worth $231,279,000 after acquiring an additional 152,398 shares during the period. Hedge funds and other institutional investors own 99.70% of the company’s stock.
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WEX Company 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 processing services.
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