WEX Inc. (NYSE:WEX) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in WEX Inc. (NYSE:WEX) by 3.8% in the 4th quarter, HoldingsChannel reports. The fund owned 18,939 shares of the business services provider’s stock after selling 747 shares during the quarter. Amalgamated Bank’s holdings in WEX were worth $3,320,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. FMR LLC increased its holdings in shares of WEX by 8.8% in the 3rd quarter. FMR LLC now owns 1,555,507 shares of the business services provider’s stock valued at $326,237,000 after purchasing an additional 125,262 shares in the last quarter. New York State Common Retirement Fund grew its position in WEX by 328.6% during the third quarter. New York State Common Retirement Fund now owns 127,570 shares of the business services provider’s stock worth $26,755,000 after buying an additional 97,807 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in WEX by 82.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 175,690 shares of the business services provider’s stock valued at $36,847,000 after buying an additional 79,252 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of WEX by 300.4% during the 3rd quarter. Natixis Advisors LLC now owns 68,539 shares of the business services provider’s stock valued at $14,375,000 after acquiring an additional 51,423 shares during the period. Finally, Premier Fund Managers Ltd boosted its stake in shares of WEX by 18.1% during the 3rd quarter. Premier Fund Managers Ltd now owns 300,000 shares of the business services provider’s stock worth $62,750,000 after acquiring an additional 46,000 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WEX. Bank of America downgraded WEX from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. Mizuho dropped their price target on WEX from $215.00 to $170.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Wells Fargo & Company cut their price target on WEX from $180.00 to $160.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. William Blair reissued a “market perform” rating on shares of WEX in a research note on Thursday, February 6th. Finally, Citigroup cut shares of WEX from a “buy” rating to a “neutral” rating and cut their target price for the stock from $260.00 to $190.00 in a research report on Tuesday, January 14th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $195.73.

WEX Stock Down 0.4 %

Shares of NYSE WEX opened at $157.07 on Friday. The firm has a market cap of $6.10 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 2.06 and a beta of 1.58. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.04 and a current ratio of 1.02. WEX Inc. has a 1 year low of $146.03 and a 1 year high of $244.04. The firm’s 50 day moving average price is $170.52 and its 200 day moving average price is $183.46.

WEX (NYSE:WEX) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.16. WEX had a return on equity of 32.35% and a net margin of 11.78%. As a group, sell-side analysts anticipate that WEX Inc. will post 14.09 earnings per share for the current year.

WEX Profile

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.