Key Points
- COO Carlos Carriedo sold 1,575 shares on Feb. 18 at an average price of $159.90 for total proceeds of $251,842.50, cutting his stake by 29.89% to 3,695 shares, according to an SEC filing.
- WEX beat quarterly expectations (EPS $4.11 vs. $3.90 consensus) and revenue of $672.9M, set FY2026 guidance of $17.25–$17.85 EPS and Q1 guidance of $3.80–$4.00, and the stock traded up about 3.4% following the news.
- Analysts’ consensus is a "Hold" with an average price target of $162.27, institutional investors own roughly 97.5% of shares, and the company has a market cap of about $5.46 billion with a P/E near 18.7.
WEX Inc. (NYSE:WEX - Get Free Report) COO Carlos Carriedo sold 1,575 shares of the firm's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $159.90, for a total value of $251,842.50. Following the completion of the sale, the chief operating officer directly owned 3,695 shares of the company's stock, valued at $590,830.50. This trade represents a 29.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
WEX Trading Up 3.4%
Shares of WEX stock opened at $159.08 on Thursday. WEX Inc. has a 1-year low of $110.45 and a 1-year high of $180.71. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.05 and a quick ratio of 1.05. The company has a 50-day moving average of $155.09 and a two-hundred day moving average of $157.50. The firm has a market cap of $5.46 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 1.19 and a beta of 0.98.
WEX (NYSE:WEX - Get Free Report) last released its earnings results on Wednesday, February 4th. The business services provider reported $4.11 earnings per share for the quarter, beating the consensus estimate of $3.90 by $0.21. The company had revenue of $672.90 million during the quarter, compared to the consensus estimate of $660.89 million. WEX had a return on equity of 48.01% and a net margin of 11.43%.WEX's revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.57 EPS. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. On average, analysts predict that WEX Inc. will post 14.09 EPS for the current year.
Institutional Trading of WEX
Several large investors have recently bought and sold shares of WEX. Los Angeles Capital Management LLC acquired a new stake in shares of WEX in the fourth quarter valued at approximately $25,000. Quent Capital LLC purchased a new position in WEX during the third quarter worth about $28,000. Caitong International Asset Management Co. Ltd boosted its stake in WEX by 368.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider's stock worth $35,000 after buying an additional 173 shares during the last quarter. Steph & Co. acquired a new position in shares of WEX during the 3rd quarter valued at about $35,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of WEX by 162.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider's stock worth $36,000 after buying an additional 141 shares during the last quarter. Institutional investors and hedge funds own 97.47% of the company's stock.
Analyst Ratings Changes
Several research analysts recently commented on WEX shares. Wall Street Zen cut WEX from a "buy" rating to a "hold" rating in a research note on Saturday, February 7th. JPMorgan Chase & Co. decreased their price objective on WEX from $175.00 to $155.00 and set a "neutral" rating for the company in a research note on Friday, February 6th. Weiss Ratings reissued a "hold (c)" rating on shares of WEX in a research report on Wednesday, January 21st. Morgan Stanley set a $146.00 target price on shares of WEX in a report on Friday, February 6th. Finally, Bank of America raised WEX from a "neutral" rating to a "buy" rating and set a $178.00 target price on the stock in a report on Wednesday, October 22nd. Three investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $162.27.
View Our Latest Stock Report on WEX
WEX Company Profile
(
Get Free Report)
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.
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