Joel Alan Dearborn Jr Sells 3,500 Shares of WEX (NYSE:WEX) Stock

WEX Inc. (NYSE:WEX) COO Joel Alan Dearborn, Jr. sold 3,500 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $152.14, for a total value of $532,490.00. Following the completion of the sale, the chief operating officer directly owned 26,372 shares of the company’s stock, valued at approximately $4,012,236.08. This trade represents a 11.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

WEX Stock Up 2.9%

Shares of WEX stock traded up $4.35 during trading hours on Thursday, reaching $154.71. The company had a trading volume of 458,957 shares, compared to its average volume of 466,182. The company has a market cap of $5.31 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 1.16 and a beta of 0.93. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.05 and a quick ratio of 1.05. WEX Inc. has a 12 month low of $110.45 and a 12 month high of $180.71. The business has a fifty day simple moving average of $156.11 and a 200-day simple moving average of $154.23.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, February 4th. The business services provider reported $4.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.90 by $0.21. The business 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 quarter in the prior year, the company posted $3.57 earnings per share. 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, research analysts expect that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WEX

A number of hedge funds have recently made changes to their positions in the business. Lightrock Netherlands B.V. boosted its stake in WEX by 19.7% in the third quarter. Lightrock Netherlands B.V. now owns 43,800 shares of the business services provider’s stock valued at $6,900,000 after acquiring an additional 7,200 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in shares of WEX by 1,289.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,797 shares of the business services provider’s stock valued at $3,119,000 after acquiring an additional 18,372 shares during the period. Earnest Partners LLC increased its stake in shares of WEX by 1.1% during the 3rd quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider’s stock worth $143,006,000 after purchasing an additional 10,027 shares during the last quarter. Citigroup Inc. increased its stake in shares of WEX by 103.8% during the 3rd quarter. Citigroup Inc. now owns 24,088 shares of the business services provider’s stock worth $3,795,000 after purchasing an additional 12,266 shares during the last quarter. Finally, Snyder Capital Management L P raised its holdings in shares of WEX by 13.6% in the 3rd quarter. Snyder Capital Management L P now owns 175,427 shares of the business services provider’s stock worth $27,635,000 after purchasing an additional 21,028 shares during the period. 97.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of WEX in a report on Wednesday, January 21st. Cantor Fitzgerald upped their price objective on shares of WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Raymond James Financial reiterated a “market perform” rating on shares of WEX in a research note on Friday, March 6th. Morgan Stanley set a $146.00 target price on shares of WEX in a research report on Friday, February 6th. Finally, UBS Group set a $165.00 target price on WEX and gave the stock a “neutral” rating in a research note on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $162.27.

About WEX

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.