WINTON GROUP Ltd Reduces Holdings in WEX Inc. (NYSE:WEX)

WINTON GROUP Ltd lowered its stake in WEX Inc. (NYSE:WEX) by 53.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,376 shares of the business services provider’s stock after selling 15,297 shares during the quarter. WINTON GROUP Ltd’s holdings in WEX were worth $2,345,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WEX. Fifth Third Bancorp increased its position in WEX by 1,635.8% during the fourth quarter. Fifth Third Bancorp now owns 8,783 shares of the business services provider’s stock worth $1,540,000 after buying an additional 8,277 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of WEX by 25.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 66 shares during the last quarter. KBC Group NV increased its position in WEX by 53.7% during the 4th quarter. KBC Group NV now owns 1,825 shares of the business services provider’s stock worth $320,000 after purchasing an additional 638 shares in the last quarter. Jones Financial Companies Lllp raised its stake in WEX by 108.4% in the 4th quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 129 shares during the last quarter. Finally, Choreo LLC lifted its holdings in WEX by 33.7% in the 4th quarter. Choreo LLC now owns 2,373 shares of the business services provider’s stock valued at $405,000 after purchasing an additional 598 shares in the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

WEX Stock Performance

WEX stock opened at $155.91 on Friday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.02 and a quick ratio of 1.04. WEX Inc. has a 12 month low of $146.03 and a 12 month high of $244.04. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61. The stock’s 50-day moving average is $162.87 and its 200-day moving average is $179.58.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share 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%. Equities analysts anticipate that WEX Inc. will post 14.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WEX has been the subject of a number of recent research reports. Wells Fargo & Company lowered their price target on shares of WEX from $180.00 to $160.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Barclays lowered their target price on shares of WEX from $200.00 to $155.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. UBS Group reduced their price target on WEX from $200.00 to $172.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Keefe, Bruyette & Woods lowered their price objective on WEX from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Finally, Citigroup downgraded WEX from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $260.00 to $190.00 in a research report on Tuesday, January 14th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $187.80.

About WEX

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.