Clark Estates Inc. NY Has $2.15 Million Stock Position in WEX Inc. (NYSE:WEX)

Clark Estates Inc. NY reduced its position in shares of WEX Inc. (NYSE:WEX) by 10.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,264 shares of the business services provider’s stock after selling 1,486 shares during the quarter. Clark Estates Inc. NY’s holdings in WEX were worth $2,150,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its stake in shares of WEX by 0.6% during the third quarter. Janus Henderson Group PLC now owns 4,163,678 shares of the business services provider’s stock worth $873,251,000 after buying an additional 25,365 shares during the last quarter. FMR LLC raised its position in shares of WEX by 8.8% during the 3rd quarter. FMR LLC now owns 1,555,507 shares of the business services provider’s stock valued at $326,237,000 after acquiring an additional 125,262 shares during the last quarter. State Street Corp lifted its stake in shares of WEX by 0.3% in the 3rd quarter. State Street Corp now owns 1,240,953 shares of the business services provider’s stock valued at $260,265,000 after purchasing an additional 3,882 shares during the period. River Road Asset Management LLC lifted its stake in shares of WEX by 5.0% in the 3rd quarter. River Road Asset Management LLC now owns 720,465 shares of the business services provider’s stock valued at $151,103,000 after purchasing an additional 34,264 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of WEX by 8.8% in the 4th quarter. Bank of New York Mellon Corp now owns 374,359 shares of the business services provider’s stock worth $65,633,000 after purchasing an additional 30,395 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on WEX. Mizuho dropped their price objective on WEX from $215.00 to $170.00 and set an “outperform” rating for the company in a report on Monday, February 10th. William Blair reaffirmed a “market perform” rating on shares of WEX in a research note on Thursday, February 6th. UBS Group reduced their price objective on shares of WEX from $200.00 to $172.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Jefferies Financial Group boosted their price objective on shares of WEX from $180.00 to $190.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Finally, Bank of America lowered shares of WEX from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $195.73.

WEX Price Performance

WEX stock opened at $154.73 on Wednesday. The stock has a market cap of $6.01 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.06 and a beta of 1.58. The stock has a 50-day moving average price of $170.20 and a two-hundred day moving average price of $183.40. WEX Inc. has a 1 year low of $146.03 and a 1 year high of $244.04. The company has a current ratio of 1.02, a quick ratio of 1.04 and a debt-to-equity ratio of 2.07.

WEX (NYSE:WEX) last released its earnings results on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, beating the consensus estimate of $2.97 by $0.16. WEX had a return on equity of 32.35% and a net margin of 11.78%. Equities analysts forecast that WEX Inc. will post 14.09 EPS for the current fiscal year.

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.