Carlos Carriedo Sells 1,075 Shares of WEX (NYSE:WEX) Stock

Key Points

• WEX COO Carlos Carriedo sold 1,075 shares at an average price of $186, generating $199,950 and reducing his ownership by 8.85% to 11,076 shares.
• WEX recently exceeded quarterly earnings expectations, reporting $5.35 in EPS versus the $5.08 consensus and $753.5 million in revenue, up 14.2% year over year. The company also issued third-quarter and full-year 2026 EPS guidance.
• Analyst sentiment is mixed, with a consensus “Hold” rating and $183.30 price target, while WEX has authorized a $1 billion share-repurchase program and institutional investors own 97.47% of its stock.

WEX Inc. (NYSE:WEX - Get Free Report) COO Carlos Carriedo sold 1,075 shares of WEX stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $186.00, for a total value of $199,950.00. Following the completion of the sale, the chief operating officer owned 11,076 shares of the company's stock, valued at $2,060,136. The trade was a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

WEX Stock Performance

Shares of WEX traded up $1.56 during mid-day trading on Thursday, hitting $189.96. 518,177 shares of the company traded hands, compared to its average volume of 583,288. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.04 and a current ratio of 1.04. WEX Inc. has a 1 year low of $125.29 and a 1 year high of $192.37. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 1.05 and a beta of 0.82. The stock has a 50-day moving average price of $152.79 and a two-hundred day moving average price of $154.31.

WEX (NYSE:WEX - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, beating the consensus estimate of $5.08 by $0.27. The firm had revenue of $753.50 million for the quarter, compared to analysts' expectations of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.The company's revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.95 EPS. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Equities analysts anticipate that WEX Inc. will post 17.12 earnings per share for the current year.

WEX announced that its board has approved a share repurchase plan on Thursday, May 14th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WEX shares. Robert W. Baird boosted their price target on WEX from $210.00 to $220.00 and gave the company an "outperform" rating in a research note on Thursday, April 23rd. Mizuho raised their price objective on shares of WEX from $170.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. Loop Capital assumed coverage on shares of WEX in a report on Monday, April 27th. They set a "buy" rating and a $195.00 target price for the company. Deutsche Bank Aktiengesellschaft dropped their price target 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, Cantor Fitzgerald set a $178.00 price objective on WEX in a research note on Monday, July 27th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, WEX currently has a consensus rating of "Hold" and a consensus price target of $183.30.

Hedge Funds Weigh In On WEX

Hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC boosted its position in shares of WEX by 1.1% during the first quarter. Janus Henderson Group PLC now owns 3,916,073 shares of the business services provider's stock worth $599,313,000 after acquiring an additional 44,031 shares during the last quarter. Par Capital Management Inc. lifted its stake 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 purchasing an additional 400,500 shares in the last quarter. Boston Partners lifted its stake in WEX by 13.7% in the 4th quarter. Boston Partners now owns 1,447,442 shares of the business services provider's stock worth $215,955,000 after purchasing an additional 174,079 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of WEX by 794.0% during the 4th quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider's stock valued at $132,563,000 after purchasing an additional 790,271 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of WEX by 8.6% during the third quarter. Bank of America Corp DE now owns 879,033 shares of the business services provider's stock valued at $138,474,000 after purchasing an additional 69,375 shares in the last quarter. Hedge funds and other institutional investors own 97.47% of the company's stock.

About WEX

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.

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