Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Decreases Position in WEX Inc. $WEX

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its stake in WEX Inc. (NYSE:WEX) by 38.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 475,427 shares of the business services provider’s stock after selling 292,811 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned 1.39% of WEX worth $76,097,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its holdings in shares of WEX by 36.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,272 shares of the business services provider’s stock valued at $830,000 after buying an additional 1,416 shares in the last quarter. Radnor Capital Management LLC grew its holdings in shares of WEX by 5.4% during the third quarter. Radnor Capital Management LLC now owns 9,315 shares of the business services provider’s stock worth $1,467,000 after purchasing an additional 475 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of WEX by 22.3% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 8,219 shares of the business services provider’s stock worth $1,295,000 after purchasing an additional 1,500 shares in the last quarter. Burney Co. acquired a new stake in shares of WEX during the third quarter worth about $2,677,000. Finally, Blue Trust Inc. lifted its holdings in shares of WEX by 10.7% in the 3rd quarter. Blue Trust Inc. now owns 2,838 shares of the business services provider’s stock valued at $447,000 after purchasing an additional 275 shares during the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

Insider Activity

In other WEX news, Director Stephen Montgomery Smith bought 1,000 shares of WEX stock in a transaction on Thursday, November 13th. The stock was bought at an average price of $144.25 per share, with a total value of $144,250.00. Following the completion of the acquisition, the director owned 7,971 shares in the company, valued at $1,149,816.75. The trade was a 14.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Robert Joseph Deshaies sold 1,506 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $149.62, for a total transaction of $225,327.72. Following the transaction, the chief operating officer directly owned 15,699 shares in the company, valued at approximately $2,348,884.38. This trade represents a 8.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.40% of the company’s stock.

WEX Stock Up 1.7%

Shares of WEX stock opened at $161.68 on Monday. The company has a market cap of $5.54 billion, a P/E ratio of 21.02, a PEG ratio of 1.17 and a beta of 0.99. The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.05 and a current ratio of 1.05. WEX Inc. has a one year low of $110.45 and a one year high of $188.70. The firm has a fifty day moving average of $149.06 and a two-hundred day moving average of $157.58.

WEX (NYSE:WEX) last issued its earnings results on Wednesday, October 29th. The business services provider reported $4.59 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.14. The business had revenue of $691.80 million for the quarter, compared to the consensus estimate of $678.25 million. WEX had a net margin of 10.81% and a return on equity of 45.10%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.35 earnings per share. WEX has set its Q4 2025 guidance at 3.760-3.960 EPS and its FY 2025 guidance at 15.760-15.96 EPS. On average, analysts forecast that WEX Inc. will post 14.09 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on WEX shares. Zacks Research lowered WEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Bank of America raised shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 target price on the stock in a report on Wednesday, October 22nd. Robert W. Baird increased their price target on shares of WEX from $198.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. JPMorgan Chase & Co. lowered their price objective on shares of WEX from $195.00 to $175.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $172.92.

WEX Company 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.