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

WEX Inc. (NYSE:WEX) 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 sale, the chief operating officer owned 22,872 shares in the company, valued at $4,002,600. This represents a 13.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

WEX Stock Up 2.1%

Shares of NYSE:WEX opened at $177.13 on Tuesday. The company has a market capitalization of $6.14 billion, a PE ratio of 20.84, a P/E/G ratio of 1.29 and a beta of 0.93. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.05 and a current ratio of 1.05. WEX Inc. has a 52 week low of $118.67 and a 52 week high of $180.71. The company’s fifty day moving average is $158.38 and its 200-day moving average is $154.26.

WEX (NYSE:WEX) last announced 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. The business had revenue of $672.90 million for the quarter, compared to the consensus estimate of $660.89 million. WEX had a return on equity of 48.01% and a net margin of 11.43%.WEX’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.57 EPS. 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 15.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WEX

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of WEX by 0.4% in the third quarter. Vanguard Group Inc. now owns 3,262,255 shares of the business services provider’s stock valued at $513,903,000 after purchasing an additional 12,099 shares during the last quarter. Par Capital Management Inc. grew its stake in WEX by 21.6% during the fourth quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock worth $335,503,000 after buying an additional 400,500 shares in the last quarter. Boston Partners boosted its holdings in shares of WEX by 13.7% in the 4th quarter. Boston Partners now owns 1,447,442 shares of the business services provider’s stock valued at $215,955,000 after purchasing an additional 174,079 shares in the last quarter. Earnest Partners LLC boosted its holdings in shares of WEX by 1.1% in the 3rd quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider’s stock valued at $143,006,000 after purchasing an additional 10,027 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of WEX by 794.0% in the 4th quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider’s stock valued at $132,563,000 after purchasing an additional 790,271 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

Analyst Upgrades and Downgrades

WEX has been the subject of a number of recent research reports. Mizuho dropped their price target on shares of WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Morgan Stanley set a $146.00 price objective on WEX in a research note on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a report on Wednesday, January 21st. JPMorgan Chase & Co. dropped their price target on WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Finally, Wall Street Zen raised WEX from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Three equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $162.27.

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.