Martin & Co. Inc. TN Invests $2.50 Million in WEX Inc. $WEX

Martin & Co. Inc. TN acquired a new position in WEX Inc. (NYSE:WEX) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 17,690 shares of the business services provider’s stock, valued at approximately $2,496,000. Martin & Co. Inc. TN owned 0.05% of WEX as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WEX. BlackRock Inc. acquired a new stake in shares of WEX in the second quarter valued at approximately $446,833,000. AQR Capital Management LLC boosted its position in shares of 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 buying an additional 790,271 shares during the period. Turtle Creek Asset Management Inc. acquired a new position in shares of WEX during the third quarter worth approximately $93,289,000. Par Capital Management Inc. grew its holdings in WEX by 21.6% in the 4th quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock worth $335,503,000 after buying an additional 400,500 shares in the last quarter. Finally, Norges Bank acquired a new stake in WEX in the 4th quarter valued at approximately $50,202,000. 97.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at WEX

In other news, COO Robert Joseph Deshaies sold 1,000 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $184.95, for a total value of $184,950.00. Following the completion of the sale, the chief operating officer owned 19,288 shares in the company, valued at $3,567,315.60. This represents a 4.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Jennifer Kimball sold 1,183 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $176.55, for a total value of $208,858.65. Following the transaction, the chief accounting officer directly owned 4,916 shares of the company’s stock, valued at $867,919.80. This represents a 19.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 9,858 shares of company stock worth $1,662,835. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on WEX shares. Evercore raised WEX to an “outperform” rating in a research note on Tuesday, July 21st. Keefe, Bruyette & Woods increased their price target on WEX from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Cantor Fitzgerald set a $178.00 price target on WEX in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Finally, Morgan Stanley upped their price objective on shares of WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, WEX currently has an average rating of “Hold” and a consensus target price of $183.30.

WEX Price Performance

NYSE WEX opened at $200.16 on Friday. WEX Inc. has a 12 month low of $125.29 and a 12 month high of $200.55. The firm has a market capitalization of $6.82 billion, a PE ratio of 19.94, a P/E/G ratio of 1.04 and a beta of 0.82. The company’s 50 day simple moving average is $164.25 and its 200 day simple moving average is $157.27. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.04 and a quick ratio of 1.04.

WEX (NYSE:WEX) last released its earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, topping analysts’ consensus estimates of $5.08 by $0.27. The firm had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.95 earnings per share. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. As a group, equities research analysts forecast that WEX Inc. will post 17.11 EPS for the current fiscal year.

WEX announced that its board has approved a share repurchase program on Thursday, May 14th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the business services provider to purchase up to 21.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.