Aquatic Capital Management LLC Buys Shares of 27,242 WEX Inc. (NYSE:WEX)

Aquatic Capital Management LLC acquired a new stake in WEX Inc. (NYSE:WEX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 27,242 shares of the business services provider's stock, valued at approximately $4,776,000. Aquatic Capital Management LLC owned 0.07% of WEX as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. LPL Financial LLC increased its stake in WEX by 13.2% in the fourth quarter. LPL Financial LLC now owns 29,408 shares of the business services provider's stock valued at $5,283,000 after purchasing an additional 3,439 shares during the last quarter. Fifth Third Bancorp lifted its position in WEX by 1,635.8% during the 4th quarter. Fifth Third Bancorp now owns 8,783 shares of the business services provider's stock worth $1,540,000 after acquiring an additional 8,277 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of WEX by 25.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider's stock valued at $56,000 after purchasing an additional 66 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of WEX by 7.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,008 shares of the business services provider's stock valued at $1,053,000 after purchasing an additional 393 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in shares of WEX by 108.4% during the fourth quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider's stock worth $43,000 after purchasing an additional 129 shares during the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Mizuho cut their price objective on shares of WEX from $215.00 to $170.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. UBS Group cut their price target on shares of WEX from $172.00 to $138.00 and set a "neutral" rating for the company in a report on Friday. Robert W. Baird set a $186.00 price objective on WEX in a report on Tuesday, February 18th. William Blair reissued a "market perform" rating on shares of WEX in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods cut their price objective on WEX from $220.00 to $200.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, WEX has an average rating of "Hold" and an average target price of $182.40.

WEX Trading Up 2.4 %

Shares of NYSE WEX traded up $2.91 on Friday, reaching $124.35. 633,303 shares of the company traded hands, compared to its average volume of 555,053. WEX Inc. has a fifty-two week low of $110.45 and a fifty-two week high of $217.47. The company has a 50 day moving average of $142.31 and a 200 day moving average of $165.97. The stock has a market capitalization of $4.26 billion, a PE ratio of 16.58, a P/E/G ratio of 2.06 and a beta of 1.33. The company has a current ratio of 1.02, a quick ratio of 1.04 and a debt-to-equity ratio of 2.07.

WEX (NYSE:WEX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The business services provider reported $3.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.40 by $0.11. WEX had a return on equity of 32.35% and a net margin of 11.78%. The firm had revenue of $636.60 million during the quarter, compared to the consensus estimate of $631.42 million. During the same quarter in the previous year, the business earned $3.46 earnings per share. The firm's quarterly revenue was down 2.5% compared to the same quarter last year. On average, equities research analysts forecast that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

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.