4,981 Shares in WEX Inc. $WEX Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new position in shares of WEX Inc. (NYSE:WEX) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,981 shares of the business services provider’s stock, valued at approximately $703,000.

Several other institutional investors have also recently made changes to their positions in WEX. BlackRock Inc. acquired a new stake in WEX during the second quarter valued at $446,833,000. AQR Capital Management LLC grew its position in shares of WEX by 794.0% during 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 acquiring an additional 790,271 shares during the period. Turtle Creek Asset Management Inc. purchased a new position in shares of WEX in the 3rd quarter valued at about $93,289,000. Par Capital Management Inc. raised its holdings in WEX by 21.6% in the 4th quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock worth $335,503,000 after purchasing an additional 400,500 shares during the period. Finally, Norges Bank acquired a new position in WEX in the 4th quarter worth about $50,202,000. 97.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price objective on WEX from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Wall Street Zen cut shares of WEX from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Morgan Stanley lifted their target price on shares of WEX from $161.00 to $172.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Mizuho boosted their target price on shares of WEX from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Finally, Cantor Fitzgerald set a $178.00 price target on shares of WEX in a research note on Monday, July 27th. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $183.30.

WEX Trading Down 0.9%

Shares of WEX opened at $196.59 on Friday. WEX Inc. has a 52-week low of $125.29 and a 52-week high of $203.99. The stock has a market cap of $6.70 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 1.03 and a beta of 0.82. The firm’s fifty day moving average is $171.28 and its two-hundred day moving average is $158.96. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.62.

WEX (NYSE:WEX) last posted its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, topping the consensus estimate of $5.08 by $0.27. The firm had revenue of $753.50 million for the quarter, compared to the consensus estimate of $740.72 million. WEX had a net margin of 12.56% and a return on equity of 43.19%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the firm posted $3.95 earnings per share. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Research analysts forecast that WEX Inc. will post 17.11 earnings per share for the current fiscal year.

WEX announced that its Board of Directors has initiated a share buyback program on Thursday, May 14th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, COO Carlos Carriedo sold 1,075 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $186.00, for a total value of $199,950.00. Following the completion of the sale, the chief operating officer directly owned 11,076 shares in the company, valued at $2,060,136. This represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jennifer Kimball sold 1,183 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $176.55, for a total value of $208,858.65. Following the completion of the sale, the chief accounting officer directly owned 4,916 shares of the company’s stock, valued at approximately $867,919.80. This represents a 19.40% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 8,658 shares of company stock valued at $1,489,027. 1.40% of the stock is currently owned by company insiders.

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.