Natixis Advisors LLC Buys 18,474 Shares of WEX Inc. $WEX

Natixis Advisors LLC lifted its stake in shares of WEX Inc. (NYSE:WEX) by 23.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 98,498 shares of the business services provider’s stock after acquiring an additional 18,474 shares during the period. Natixis Advisors LLC’s holdings in WEX were worth $15,517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in WEX by 0.4% during the third quarter. Vanguard Group Inc. now owns 3,262,255 shares of the business services provider’s stock worth $513,903,000 after acquiring an additional 12,099 shares in the last quarter. Boston Partners bought a new stake in WEX in the second quarter valued at $187,102,000. JPMorgan Chase & Co. raised its holdings in shares of WEX by 1.7% during the second quarter. JPMorgan Chase & Co. now owns 1,085,795 shares of the business services provider’s stock valued at $159,494,000 after purchasing an additional 17,691 shares during the period. Bank of America Corp DE raised its holdings in shares of WEX by 10.2% during the second quarter. Bank of America Corp DE now owns 809,658 shares of the business services provider’s stock valued at $118,931,000 after purchasing an additional 75,003 shares during the period. Finally, River Road Asset Management LLC boosted its position in shares of WEX by 20.9% during the 2nd quarter. River Road Asset Management LLC now owns 797,871 shares of the business services provider’s stock worth $117,199,000 after purchasing an additional 137,673 shares in the last quarter. 97.47% of the stock is owned by institutional investors.

WEX Price Performance

WEX opened at $160.55 on Friday. 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 market capitalization of $5.51 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 1.24 and a beta of 0.97. The firm’s fifty day moving average price is $157.03 and its two-hundred day moving average price is $156.11. WEX Inc. has a 1 year low of $110.45 and a 1 year high of $180.71.

WEX (NYSE:WEX) last announced its earnings results on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $660.89 million. During the same quarter in the prior year, the company posted $3.57 earnings per share. The firm’s revenue for the quarter 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. As a group, analysts anticipate that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Jennifer Kimball sold 494 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $151.40, for a total value of $74,791.60. Following the transaction, the chief accounting officer owned 3,671 shares in the company, valued at $555,789.40. The trade was a 11.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Robert Joseph Deshaies sold 3,238 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $150.22, for a total value of $486,412.36. Following the completion of the transaction, the chief operating officer directly owned 14,859 shares of the company’s stock, valued at approximately $2,232,118.98. This represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 8,154 shares of company stock worth $1,256,518. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on WEX. UBS Group set a $165.00 target price on WEX and gave the company a “neutral” rating in a research note on Friday, February 6th. Morgan Stanley set a $146.00 price target on WEX in a report on Friday, February 6th. Cantor Fitzgerald raised their price objective on WEX from $158.00 to $166.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Wall Street Zen downgraded WEX from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Mizuho lowered their target price on WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $162.27.

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.