Venturi Wealth Management LLC Has $31,000 Stock Position in WEX Inc. (NYSE:WEX)

Venturi Wealth Management LLC lifted its holdings in shares of WEX Inc. (NYSE:WEX) by 206.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 150 shares of the business services provider’s stock after purchasing an additional 101 shares during the period. Venturi Wealth Management LLC’s holdings in WEX were worth $31,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in WEX during the 2nd quarter worth about $33,000. Quarry LP lifted its stake in shares of WEX by 717.4% in the second quarter. Quarry LP now owns 188 shares of the business services provider’s stock worth $33,000 after acquiring an additional 165 shares during the period. Blue Trust Inc. boosted its holdings in WEX by 456.1% in the second quarter. Blue Trust Inc. now owns 228 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 187 shares during the last quarter. Covestor Ltd increased its position in WEX by 233.9% during the 1st quarter. Covestor Ltd now owns 187 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 131 shares during the period. Finally, GAMMA Investing LLC raised its holdings in WEX by 40.7% during the 3rd quarter. GAMMA Investing LLC now owns 301 shares of the business services provider’s stock worth $63,000 after purchasing an additional 87 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WEX. JPMorgan Chase & Co. decreased their price objective on shares of WEX from $210.00 to $200.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Wolfe Research lowered WEX from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Wells Fargo & Company cut their target price on WEX from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, October 25th. Robert W. Baird lowered their target price on WEX from $285.00 to $230.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, William Blair upgraded WEX to a “strong-buy” rating in a report on Friday, July 26th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, WEX has a consensus rating of “Moderate Buy” and an average price target of $235.91.

Insider Buying and Selling at WEX

In other news, CFO Jagtar Narula sold 508 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $200.00, for a total value of $101,600.00. Following the completion of the sale, the chief financial officer now owns 7,120 shares in the company, valued at $1,424,000. This represents a 6.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Robert Joseph Deshaies sold 1,651 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.67, for a total transaction of $299,937.17. Following the transaction, the chief operating officer now owns 7,757 shares in the company, valued at approximately $1,409,214.19. This trade represents a 17.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

WEX Trading Down 1.0 %

NYSE:WEX opened at $179.08 on Friday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.04 and a quick ratio of 1.04. WEX Inc. has a one year low of $165.51 and a one year high of $244.04. The company has a market cap of $7.12 billion, a PE ratio of 22.73, a PEG ratio of 1.42 and a beta of 1.57. The firm has a 50-day moving average of $197.33 and a 200-day moving average of $189.00.

WEX (NYSE:WEX) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $4.35 EPS for the quarter, topping analysts’ consensus estimates of $3.82 by $0.53. WEX had a return on equity of 31.35% and a net margin of 12.45%. The firm had revenue of $665.50 million during the quarter, compared to analyst estimates of $688.03 million. During the same period in the previous year, the company posted $3.44 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities research analysts expect that WEX Inc. will post 13.2 EPS for the current fiscal year.

WEX Company Profile

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.