Securian Asset Management Inc. Sells 188 Shares of WEX Inc. (NYSE:WEX)

Securian Asset Management Inc. lowered its stake in shares of WEX Inc. (NYSE:WEX) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,007 shares of the business services provider’s stock after selling 188 shares during the period. Securian Asset Management Inc.’s holdings in WEX were worth $527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of WEX. Wealthfront Advisers LLC bought a new stake in shares of WEX during the fourth quarter valued at approximately $28,689,000. FMR LLC raised its position in shares of WEX by 8.8% during the third quarter. FMR LLC now owns 1,555,507 shares of the business services provider’s stock valued at $326,237,000 after buying an additional 125,262 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of WEX by 82.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 175,690 shares of the business services provider’s stock valued at $36,847,000 after buying an additional 79,252 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of WEX during the fourth quarter valued at approximately $12,444,000. Finally, Fisher Asset Management LLC raised its position in shares of WEX by 168.8% during the fourth quarter. Fisher Asset Management LLC now owns 82,896 shares of the business services provider’s stock valued at $14,533,000 after buying an additional 52,056 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 issued reports on WEX. Robert W. Baird set a $186.00 price objective on shares of WEX in a research report on Tuesday, February 18th. Barclays reduced their price target on shares of WEX from $200.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. UBS Group reduced their price target on shares of WEX from $200.00 to $172.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Mizuho reduced their price target on shares of WEX from $215.00 to $170.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Finally, Bank of America cut shares of WEX from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $195.73.

WEX Trading Up 2.8 %

WEX stock opened at $158.44 on Tuesday. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61. WEX Inc. has a twelve month low of $146.03 and a twelve month high of $244.04. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 2.07. The firm’s fifty day simple moving average is $166.28 and its two-hundred day simple moving average is $181.33.

WEX (NYSE:WEX) last issued its earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.16. WEX had a net margin of 11.78% and a return on equity of 32.35%. As a group, analysts anticipate that WEX Inc. will post 14.09 earnings per share for the current 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.