Insider Selling: WEX (NYSE:WEX) COO Sells 1,575 Shares of Stock

WEX Inc. (NYSE:WEX) COO Carlos Carriedo sold 1,575 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $159.90, for a total transaction of $251,842.50. Following the completion of the transaction, the chief operating officer owned 3,695 shares in the company, valued at approximately $590,830.50. This represents a 29.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

WEX Stock Performance

NYSE:WEX traded up $5.20 on Wednesday, hitting $159.08. The stock had a trading volume of 394,271 shares, compared to its average volume of 478,127. WEX Inc. has a 52-week low of $110.45 and a 52-week high of $180.71. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. 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 business’s 50-day simple moving average is $155.00 and its two-hundred day simple moving average is $157.49.

WEX (NYSE:WEX) last announced its earnings results on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, topping analysts’ consensus estimates of $3.90 by $0.21. The company had revenue of $672.90 million for the quarter, compared to analysts’ expectations of $660.89 million. WEX had a return on equity of 48.01% and a net margin of 11.43%.WEX’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $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. As a group, research analysts predict that WEX Inc. will post 14.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Mizuho decreased their price objective on WEX from $180.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Bank of America upgraded shares of WEX from a “neutral” rating to a “buy” rating and set a $178.00 price objective for the company in a research note on Wednesday, October 22nd. Weiss Ratings restated 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 shares of WEX and gave the stock a “neutral” rating in a research note on Friday, February 6th. Finally, Cantor Fitzgerald lifted their price target on WEX from $158.00 to $166.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Three equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, WEX presently has a consensus rating of “Hold” and an average price target of $162.27.

Hedge Funds Weigh In On WEX

Several hedge funds have recently bought and sold shares of WEX. Boston Partners acquired a new position in shares of WEX during the 2nd quarter worth about $187,102,000. AQR Capital Management LLC lifted its stake in WEX by 794.0% during the fourth quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider’s stock worth $132,563,000 after purchasing an additional 790,271 shares during the last quarter. Turtle Creek Asset Management Inc. purchased a new position in WEX in the third quarter valued at approximately $93,289,000. Par Capital Management Inc. increased its stake in WEX by 21.6% in the fourth quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock valued at $335,503,000 after purchasing an additional 400,500 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of WEX during the 4th quarter worth approximately $50,202,000. Institutional investors and hedge funds own 97.47% of the company’s stock.

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.