Savant Capital LLC Takes $1.17 Million Position in WEX Inc. (NYSE:WEX)

Savant Capital LLC purchased a new position in shares of WEX Inc. (NYSE:WEX) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,654 shares of the business services provider’s stock, valued at approximately $1,167,000.

Several other large investors also recently bought and sold shares of the business. Venturi Wealth Management LLC grew its position in shares of WEX by 206.1% in the third quarter. Venturi Wealth Management LLC now owns 150 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in WEX during the third quarter worth $35,000. UMB Bank n.a. grew its holdings in WEX by 552.5% in the 4th quarter. UMB Bank n.a. now owns 261 shares of the business services provider’s stock valued at $46,000 after buying an additional 221 shares in the last quarter. Covestor Ltd increased its stake in shares of WEX by 47.3% in the 3rd quarter. Covestor Ltd now owns 277 shares of the business services provider’s stock worth $58,000 after acquiring an additional 89 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of WEX during the 3rd quarter worth $59,000. Hedge funds and other institutional investors own 97.47% of the company’s stock.

WEX Price Performance

Shares of NYSE:WEX opened at $154.80 on Friday. WEX Inc. has a one year low of $146.03 and a one year high of $244.04. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 1.24 and a beta of 1.58. The company has a 50-day simple moving average of $174.51 and a 200-day simple moving average of $184.84. 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 (NYSE:WEX) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.16. WEX had a return on equity of 32.35% and a net margin of 11.78%. On average, analysts predict that WEX Inc. will post 14.27 EPS for the current year.

Insider Activity at WEX

In other WEX news, COO Robert Joseph Deshaies sold 175 shares of WEX stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $189.44, for a total value of $33,152.00. Following the sale, the chief operating officer now owns 7,582 shares of the company’s stock, valued at approximately $1,436,334.08. The trade was a 2.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Citigroup cut shares of WEX from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $260.00 to $190.00 in a research report on Tuesday, January 14th. Wells Fargo & Company lowered their price objective on WEX from $180.00 to $160.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Bank of America cut WEX from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. Wolfe Research lowered shares of WEX from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Finally, Mizuho decreased their price objective on shares of WEX from $215.00 to $170.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $199.73.

WEX Company 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.