WEX Inc (WEX) Holdings Increased by SVA Plumb Wealth Management LLC
SVA Plumb Wealth Management LLC raised its holdings in shares of WEX Inc (NYSE:WEX) by 11.4% during the 4th quarter, Holdings Channel reports. The firm owned 15,939 shares of the business services provider’s stock after acquiring an additional 1,626 shares during the quarter. SVA Plumb Wealth Management LLC’s holdings in WEX were worth $2,251,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Brown Advisory Inc. boosted its stake in WEX by 1.4% during the 4th quarter. Brown Advisory Inc. now owns 233,590 shares of the business services provider’s stock valued at $32,989,000 after purchasing an additional 3,221 shares during the last quarter. Suntrust Banks Inc. purchased a new stake in WEX during the 4th quarter valued at $219,000. American International Group Inc. boosted its stake in WEX by 1.2% during the 4th quarter. American International Group Inc. now owns 82,641 shares of the business services provider’s stock valued at $11,671,000 after purchasing an additional 1,013 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in WEX by 2.8% during the 4th quarter. UBS Asset Management Americas Inc. now owns 29,178 shares of the business services provider’s stock valued at $4,121,000 after purchasing an additional 802 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of WEX by 2.8% during the 4th quarter. BlackRock Inc. now owns 3,266,378 shares of the business services provider’s stock valued at $461,309,000 after buying an additional 89,537 shares during the period.
In related news, insider Scott Robert Phillips sold 20,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $127.68, for a total value of $2,553,600.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. 9.00% of the stock is currently owned by company insiders.
WEX Inc (NYSE:WEX) opened at $154.57 on Friday. WEX Inc has a twelve month low of $97.26 and a twelve month high of $159.65. The company has a market capitalization of $6,627.11, a price-to-earnings ratio of 31.44, a P/E/G ratio of 1.57 and a beta of 1.91. The company has a quick ratio of 0.69, a current ratio of 0.71 and a debt-to-equity ratio of 0.20.
WEX (NYSE:WEX) last announced its earnings results on Wednesday, February 21st. The business services provider reported $1.49 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.16. WEX had a return on equity of 13.01% and a net margin of 12.82%. The company had revenue of $331.30 million for the quarter, compared to analysts’ expectations of $327.19 million. During the same period last year, the firm earned $1.28 EPS. WEX’s revenue for the quarter was up 13.9% compared to the same quarter last year. analysts anticipate that WEX Inc will post 6.83 earnings per share for the current year.
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WEX Inc is a provider of corporate payment solutions. The Company operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment provides customers with payment and transaction processing services designed for the needs of commercial and government fleets.
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