Lakewood Capital Management LP Has $32.37 Million Stock Position in WEX Inc. $WEX

Lakewood Capital Management LP boosted its holdings in WEX Inc. (NYSE:WEX) by 15.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 205,468 shares of the business services provider’s stock after purchasing an additional 27,500 shares during the quarter. WEX comprises 2.4% of Lakewood Capital Management LP’s holdings, making the stock its 18th largest holding. Lakewood Capital Management LP owned 0.60% of WEX worth $32,367,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WEX. Vanguard Group Inc. boosted its holdings in shares of WEX by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,262,255 shares of the business services provider’s stock worth $513,903,000 after buying an additional 12,099 shares in the last quarter. Boston Partners increased its stake in shares of WEX by 0.3% in the 3rd quarter. Boston Partners now owns 1,273,363 shares of the business services provider’s stock valued at $200,704,000 after acquiring an additional 4,227 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of WEX by 1.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,085,795 shares of the business services provider’s stock valued at $159,494,000 after acquiring an additional 17,691 shares during the period. Bank of America Corp DE boosted its stake in 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 worth $118,931,000 after acquiring an additional 75,003 shares in the last quarter. Finally, River Road Asset Management LLC boosted its stake in WEX by 20.9% during the second quarter. River Road Asset Management LLC now owns 797,871 shares of the business services provider’s stock worth $117,199,000 after acquiring an additional 137,673 shares in the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

WEX Stock Down 0.3%

WEX stock opened at $159.82 on Friday. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 1.24 and a beta of 0.97. The firm’s fifty day moving average price is $157.27 and its two-hundred day moving average price is $156.03. WEX Inc. has a 1-year low of $110.45 and a 1-year high of $180.71. 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 earnings results on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, topping 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 period in the previous year, the firm 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. On average, equities research analysts predict that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a research note on Wednesday, January 21st. Raymond James Financial restated 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 report on Saturday, February 7th. Morgan Stanley set a $146.00 price target on WEX in a research note on Friday, February 6th. Finally, Mizuho cut their price target on WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Three analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $162.27.

Insider Buying and Selling

In related news, insider Sara Trickett sold 1,815 shares of WEX stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $149.95, for a total transaction of $272,159.25. Following the transaction, the insider owned 2,137 shares of the company’s stock, valued at $320,443.15. The trade was a 45.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Jennifer Kimball sold 494 shares of the company’s stock in a transaction 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 sale, the chief accounting officer owned 3,671 shares of the company’s stock, valued at $555,789.40. This trade represents a 11.86% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 8,154 shares of company stock valued at $1,256,518. 1.40% of the stock is owned by company insiders.

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.