Joel Alan Dearborn, Jr. Sells 3,500 Shares of WEX (NYSE:WEX) Stock

WEX Inc. (NYSE:WEX) COO Joel Alan Dearborn, Jr. sold 3,500 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $152.14, for a total value of $532,490.00. Following the sale, the chief operating officer owned 26,372 shares of the company’s stock, valued at approximately $4,012,236.08. The trade was a 11.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

WEX Stock Up 0.0%

Shares of NYSE:WEX opened at $154.71 on Friday. WEX Inc. has a 1 year low of $110.45 and a 1 year high of $180.71. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.05 and a quick ratio of 1.05. The business’s 50-day moving average is $155.87 and its 200-day moving average is $154.12. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 1.17 and a beta of 0.93.

WEX (NYSE:WEX) last released its earnings results on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, topping the consensus estimate of $3.90 by $0.21. WEX had a return on equity of 48.01% and a net margin of 11.43%.The business had revenue of $672.90 million during the quarter, compared to analysts’ expectations of $660.89 million. During the same quarter last year, the firm posted $3.57 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. Equities research analysts predict that WEX Inc. will post 14.09 earnings per share for the current year.

Analyst Ratings Changes

WEX has been the topic of a number of research reports. Wall Street Zen upgraded shares of WEX from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. UBS Group set a $165.00 price target on shares of WEX and gave the company a “neutral” rating in a research note on Friday, February 6th. Raymond James Financial reiterated a “market perform” rating on shares of WEX in a report on Friday, March 6th. Mizuho cut their price objective on shares of WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. decreased their target price on WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, WEX presently has a consensus rating of “Hold” and a consensus price target of $162.27.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new position in shares of WEX during the fourth quarter valued at about $25,000. Quent Capital LLC acquired a new stake in shares of WEX in the 3rd quarter worth about $28,000. Steph & Co. bought a new position in WEX in the 3rd quarter valued at about $35,000. First Horizon Corp boosted its stake in WEX by 65.7% during the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 94 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in WEX by 368.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 173 shares during the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

About WEX

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.