Thompson Siegel & Walmsley LLC Purchases 4,194 Shares of WEX Inc. (NYSE:WEX)

Thompson Siegel & Walmsley LLC increased its position in WEX Inc. (NYSE:WEX) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,697 shares of the business services provider’s stock after purchasing an additional 4,194 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.15% of WEX worth $10,466,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Natixis Advisors LLC boosted its stake in WEX by 300.4% in the 3rd quarter. Natixis Advisors LLC now owns 68,539 shares of the business services provider’s stock worth $14,375,000 after purchasing an additional 51,423 shares in the last quarter. Fifth Third Bancorp boosted its stake in WEX by 1,635.8% in the 4th quarter. Fifth Third Bancorp now owns 8,783 shares of the business services provider’s stock worth $1,540,000 after purchasing an additional 8,277 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in WEX by 25.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider’s stock worth $56,000 after purchasing an additional 66 shares in the last quarter. Atria Investments Inc boosted its stake in WEX by 289.0% in the 3rd quarter. Atria Investments Inc now owns 6,528 shares of the business services provider’s stock worth $1,369,000 after purchasing an additional 4,850 shares in the last quarter. Finally, KBC Group NV boosted its stake in WEX by 53.7% in the 4th quarter. KBC Group NV now owns 1,825 shares of the business services provider’s stock worth $320,000 after purchasing an additional 638 shares in the last quarter. Institutional investors own 97.47% of the company’s stock.

Analyst Upgrades and Downgrades

WEX has been the topic of several research analyst reports. Jefferies Financial Group upped their target price on shares of WEX from $180.00 to $190.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods lowered their target price on shares of WEX from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. UBS Group lowered their target price on shares of WEX from $200.00 to $172.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Citigroup cut shares of WEX from a “buy” rating to a “neutral” rating and lowered their target price for the company from $260.00 to $190.00 in a research note on Tuesday, January 14th. Finally, Robert W. Baird set a $186.00 target price on shares of WEX in a research note on Tuesday, February 18th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $195.73.

WEX Price Performance

Shares of NYSE:WEX opened at $150.52 on Friday. The firm’s 50 day moving average price is $167.62 and its 200-day moving average price is $182.08. WEX Inc. has a twelve month low of $146.03 and a twelve month high of $244.04. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 2.07. The stock has a market capitalization of $5.84 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61.

WEX (NYSE:WEX) last released its earnings results 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 net margin of 11.78% and a return on equity of 32.35%. Equities research analysts expect that WEX Inc. will post 14.09 EPS for the current year.

About WEX

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.