Jennifer Kimball Sells 1,200 Shares of WEX Inc. (NYSE:WEX) Stock

WEX Inc. (NYSE:WEX) CAO Jennifer Kimball sold 1,200 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $211.55, for a total transaction of $253,860.00. Following the completion of the sale, the chief accounting officer now directly owns 1,909 shares of the company’s stock, valued at approximately $403,848.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jennifer Kimball also recently made the following trade(s):

• On Friday, February 16th, Jennifer Kimball sold 574 shares of WEX stock. The stock was sold at an average price of $222.24, for a total transaction of $127,565.76.

WEX Price Performance

NYSE WEX opened at $211.66 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.73. WEX Inc. has a 1 year low of $161.95 and a 1 year high of $244.04. The company has a market cap of $8.87 billion, a PE ratio of 34.42, a PEG ratio of 1.22 and a beta of 1.60. The stock’s 50-day moving average price is $229.31 and its two-hundred day moving average price is $205.01.

WEX (NYSE:WEX) last released its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.15). The firm had revenue of $663.30 million for the quarter, compared to analyst estimates of $656.75 million. WEX had a net margin of 10.21% and a return on equity of 30.92%. On average, analysts predict that WEX Inc. will post 13.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WEX. Citigroup raised their price objective on shares of WEX from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Truist Financial boosted their price objective on WEX from $185.00 to $220.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. StockNews.com lowered WEX from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Robert W. Baird lifted their target price on WEX from $272.00 to $285.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Finally, William Blair reissued an “outperform” rating on shares of WEX in a report on Thursday, February 8th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, WEX currently has a consensus rating of “Moderate Buy” and an average target price of $240.00.

Institutional Trading of WEX

A number of hedge funds have recently modified their holdings of WEX. CWM LLC grew its holdings in shares of WEX by 15.6% during the fourth quarter. CWM LLC now owns 377 shares of the business services provider’s stock valued at $73,000 after buying an additional 51 shares in the last quarter. VisionPoint Advisory Group LLC boosted its position in WEX by 74.7% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 145 shares of the business services provider’s stock worth $27,000 after acquiring an additional 62 shares during the period. Los Angeles Capital Management LLC increased its holdings in shares of WEX by 4.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,733 shares of the business services provider’s stock valued at $337,000 after purchasing an additional 72 shares during the period. Bath Savings Trust Co increased its holdings in shares of WEX by 0.3% in the 4th quarter. Bath Savings Trust Co now owns 27,284 shares of the business services provider’s stock valued at $5,308,000 after purchasing an additional 80 shares during the period. Finally, Arizona State Retirement System lifted its position in shares of WEX by 0.7% in the third quarter. Arizona State Retirement System now owns 12,198 shares of the business services provider’s stock worth $2,294,000 after purchasing an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

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.