Carlos Carriedo Sells 1,575 Shares of WEX (NYSE:WEX) Stock

WEX Inc. (NYSE:WEX) COO Carlos Carriedo sold 1,575 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were 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 owned 3,695 shares of the company’s stock, valued at approximately $590,830.50. This represents a 29.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

WEX Stock Performance

Shares of WEX stock traded up $5.20 during trading on Wednesday, reaching $159.08. The company’s stock had a trading volume of 394,271 shares, compared to its average volume of 478,127. The company has a 50-day moving average price of $155.00 and a two-hundred day moving average price of $157.49. WEX Inc. has a fifty-two week low of $110.45 and a fifty-two week high of $180.71. The firm has a market cap of $5.45 billion, a PE ratio of 18.72, a P/E/G ratio of 1.22 and a beta of 0.98. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.86.

WEX (NYSE:WEX) last posted its quarterly earnings data on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, beating analysts’ consensus estimates of $3.90 by $0.21. WEX had a net margin of 11.43% and a return on equity of 48.01%. The company had revenue of $672.90 million for the quarter, compared to analyst estimates of $660.89 million. During the same period in the previous year, the business posted $3.57 earnings per share. WEX’s quarterly revenue was up 5.7% on a year-over-year basis. 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 forecast that WEX Inc. will post 14.09 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on WEX. Wall Street Zen cut WEX from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. UBS Group set a $165.00 price objective on WEX and gave the stock a “neutral” rating in a research report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of WEX in a report on Wednesday, January 21st. Cantor Fitzgerald upped their price target on shares of WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Three analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $162.27.

Institutional Investors Weigh In On WEX

Hedge funds have recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new position in WEX during the 4th quarter worth approximately $25,000. Quent Capital LLC acquired a new stake in WEX in the 3rd quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd raised its position in shares of WEX by 368.1% during 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 in the last quarter. Steph & Co. bought a new stake in shares of WEX in the 3rd quarter worth $35,000. Finally, Hantz Financial Services Inc. boosted its position 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 valued at $36,000 after purchasing an additional 141 shares in the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

WEX Company Profile

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.