Natixis Advisors LLC Has $15.38 Million Stock Position in WEX Inc. $WEX

Natixis Advisors LLC raised its holdings in WEX Inc. (NYSE:WEX) by 4.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 103,231 shares of the business services provider’s stock after acquiring an additional 4,733 shares during the quarter. Natixis Advisors LLC’s holdings in WEX were worth $15,379,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WEX. First Horizon Corp increased its position in WEX by 65.7% in the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 94 shares during the period. Caitong International Asset Management Co. Ltd increased its position 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 valued at $35,000 after acquiring an additional 173 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of WEX by 162.1% in the third quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider’s stock worth $36,000 after acquiring an additional 141 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of WEX by 56.7% in the third quarter. Jones Financial Companies Lllp now owns 329 shares of the business services provider’s stock worth $53,000 after acquiring an additional 119 shares during the period. Finally, IFP Advisors Inc lifted its stake in shares of WEX by 225.4% in the fourth quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock worth $55,000 after acquiring an additional 257 shares during the period. 97.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other WEX news, Director James R. Groch purchased 1,500 shares of the company’s stock in a transaction on Monday, May 18th. The shares were purchased at an average cost of $142.95 per share, with a total value of $214,425.00. Following the completion of the purchase, the director owned 17,957 shares in the company, valued at $2,566,953.15. This represents a 9.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joel Alan Dearborn, Jr. sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $175.00, for a total value of $612,500.00. Following the completion of the transaction, the chief operating officer directly owned 22,872 shares in the company, valued at approximately $4,002,600. This trade represents a 13.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,019 shares of company stock valued at $1,446,996 in the last ninety days. 1.40% of the stock is owned by corporate insiders.

WEX Price Performance

WEX stock opened at $147.96 on Friday. The stock’s 50 day moving average is $152.54 and its 200 day moving average is $153.43. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $5.13 billion, a P/E ratio of 16.61, a P/E/G ratio of 0.92 and a beta of 0.85. WEX Inc. has a one year low of $132.35 and a one year high of $186.85.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.92 by $0.23. WEX had a return on equity of 42.66% and a net margin of 11.50%.The firm had revenue of $673.80 million for the quarter, compared to analyst estimates of $660.96 million. During the same period in the previous year, the firm earned $3.51 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. As a group, research analysts expect that WEX Inc. will post 16.49 EPS for the current year.

WEX declared that its Board of Directors has initiated a stock buyback plan on Thursday, May 14th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 21.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WEX. Morgan Stanley lifted their price objective on WEX from $146.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Raymond James Financial reaffirmed a “market perform” rating on shares of WEX in a research note on Friday, March 6th. Wall Street Zen lowered WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Cantor Fitzgerald lifted their price objective on WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Finally, Robert W. Baird lifted their price objective on WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, WEX currently has a consensus rating of “Hold” and an average target price of $172.70.

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.