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

Natixis Advisors LLC increased its stake in shares of WEX Inc. (NYSE:WEX) by 23.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,498 shares of the business services provider’s stock after purchasing an additional 18,474 shares during the quarter. Natixis Advisors LLC owned approximately 0.29% of WEX worth $15,517,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Quent Capital LLC bought a new stake in shares of WEX during the third quarter worth $28,000. Steph & Co. bought a new position in shares of WEX in the 3rd quarter valued at $35,000. Hantz Financial Services Inc. lifted its stake in shares of WEX by 162.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 141 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of WEX by 56.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 329 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 119 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of WEX by 289.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 370 shares of the business services provider’s stock valued at $59,000 after acquiring an additional 275 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Morgan Stanley set a $146.00 target price on WEX in a report on Friday, February 6th. Wall Street Zen lowered WEX from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Mizuho reduced 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. Cantor Fitzgerald upped 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. Finally, JPMorgan Chase & Co. dropped their price objective on shares of WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a report on Friday, February 6th. Three analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, WEX currently has a consensus rating of “Hold” and a consensus price target of $162.27.

Insiders Place Their Bets

In related news, COO Carlos Carriedo sold 1,575 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $159.90, for a total transaction of $251,842.50. Following the sale, the chief operating officer owned 3,695 shares in the company, valued at $590,830.50. This represents a 29.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Robert Joseph Deshaies sold 3,238 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $150.22, for a total value of $486,412.36. Following the sale, the chief operating officer directly owned 14,859 shares of the company’s stock, valued at $2,232,118.98. This represents a 17.89% decrease in their position. 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 valued at $1,256,518. 1.40% of the stock is currently owned by insiders.

WEX Stock Up 0.1%

Shares of NYSE WEX opened at $160.55 on Friday. The company’s 50 day moving average price is $157.03 and its 200-day moving average price is $156.11. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.05 and a current ratio of 1.05. WEX Inc. has a 52-week low of $110.45 and a 52-week high of $180.71. The company has a market capitalization of $5.51 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 1.24 and a beta of 0.97.

WEX (NYSE:WEX) last announced its earnings results on Wednesday, February 4th. The business services provider reported $4.11 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 11.43% and a return on equity of 48.01%. WEX’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $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. Equities analysts forecast that WEX Inc. will post 14.09 earnings per share for the current year.

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.