Primecap Management Co. CA Sells 8,100 Shares of WEX Inc. $WEX

Primecap Management Co. CA cut its holdings in WEX Inc. (NYSE:WEX) by 3.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 233,560 shares of the business services provider’s stock after selling 8,100 shares during the period. Primecap Management Co. CA’s holdings in WEX were worth $36,793,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Quent Capital LLC purchased a new position in shares of WEX in the 3rd quarter worth approximately $28,000. Steph & Co. purchased a new position in shares of WEX during the 3rd quarter worth about $35,000. Hantz Financial Services Inc. raised its position in WEX by 162.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider’s stock worth $36,000 after purchasing an additional 141 shares during the period. Jones Financial Companies Lllp boosted its position in shares of WEX by 56.7% during the third quarter. Jones Financial Companies Lllp now owns 329 shares of the business services provider’s stock valued at $53,000 after buying an additional 119 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of WEX in the second quarter worth approximately $54,000. 97.47% of the stock is owned by institutional investors.

WEX Stock Up 0.9%

WEX stock opened at $151.37 on Friday. The business has a fifty day moving average of $155.15 and a two-hundred day moving average of $156.86. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.86. The firm has a market cap of $5.19 billion, a P/E ratio of 17.81, a P/E/G ratio of 1.16 and a beta of 0.98. WEX Inc. has a twelve month low of $110.45 and a twelve month high of $180.71.

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, beating analysts’ consensus estimates of $3.90 by $0.21. The business had revenue of $672.90 million for 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%.The business’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $3.57 EPS. 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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on WEX shares. Cantor Fitzgerald raised 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. Wall Street Zen cut WEX from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a research report on Wednesday, January 21st. UBS Group set a $165.00 target price on WEX and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. dropped their price target on WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $162.27.

Insider Activity

In other news, COO Carlos Carriedo sold 1,575 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $159.90, for a total value of $251,842.50. Following the sale, the chief operating officer directly owned 3,695 shares in the company, valued at approximately $590,830.50. This trade represents a 29.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sara Trickett sold 1,815 shares of the business’s 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 approximately $320,443.15. This trade represents a 45.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 8,154 shares of company stock valued at $1,256,518. Corporate insiders own 1.40% of the company’s stock.

WEX 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.