2,140 Shares in WEX Inc. $WEX Acquired by B.O.S.S. Retirement Advisors LLC

Key Points

• B.O.S.S. Retirement Advisors LLC has acquired 2,140 shares of WEX Inc., valued at approximately $314,000, as part of their new stake in the company during the second quarter.
• WEX stock is currently priced at $158.85 with a 12-month high of $217.47 and a current market capitalization of $5.44 billion.
• Insider transactions revealed significant stock sales by COO Carlos Carriedo and another insider, indicating a decrease in their ownership percentages in the company.

B.O.S.S. Retirement Advisors LLC bought a new stake in shares of WEX Inc. (NYSE:WEX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,140 shares of the business services provider's stock, valued at approximately $314,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Earnest Partners LLC raised its stake in WEX by 2.6% in the 1st quarter. Earnest Partners LLC now owns 895,406 shares of the business services provider's stock worth $140,597,000 after acquiring an additional 22,672 shares during the last quarter. Lyrical Asset Management LP grew its position in WEX by 0.3% during the 1st quarter. Lyrical Asset Management LP now owns 826,188 shares of the business services provider's stock worth $129,728,000 after purchasing an additional 2,754 shares during the period. Hsbc Holdings PLC grew its position in WEX by 20,412.8% during the 1st quarter. Hsbc Holdings PLC now owns 638,563 shares of the business services provider's stock worth $99,069,000 after purchasing an additional 635,450 shares during the period. Millennium Management LLC grew its position in WEX by 652.7% during the 1st quarter. Millennium Management LLC now owns 412,665 shares of the business services provider's stock worth $64,797,000 after purchasing an additional 357,842 shares during the period. Finally, Ariel Investments LLC grew its position in WEX by 29.5% during the 1st quarter. Ariel Investments LLC now owns 412,247 shares of the business services provider's stock worth $64,731,000 after purchasing an additional 93,975 shares during the period. Hedge funds and other institutional investors own 97.47% of the company's stock.

WEX Stock Down 0.5%

WEX stock opened at $158.85 on Friday. WEX Inc. has a twelve month low of $110.45 and a twelve month high of $217.47. The stock's fifty day simple moving average is $169.15 and its 200-day simple moving average is $150.09. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.99. The firm has a market capitalization of $5.44 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.49 and a beta of 1.26.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WEX. William Blair reaffirmed a "market perform" rating on shares of WEX in a research report on Friday, July 25th. Zacks Research cut WEX from a "strong-buy" rating to a "hold" rating in a report on Monday, September 15th. UBS Group boosted their target price on WEX from $138.00 to $185.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Robert W. Baird boosted their target price on WEX from $198.00 to $210.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of WEX in a research report on Thursday, July 17th. They set a "hold" rating and a $150.00 price target on the stock. Three analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $180.91.

Insiders Place Their Bets

In related news, COO Carlos Carriedo sold 875 shares of the business's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $171.68, for a total transaction of $150,220.00. Following the completion of the transaction, the chief operating officer owned 5,270 shares in the company, valued at approximately $904,753.60. The trade was a 14.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ann Elena Drew sold 1,931 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $171.69, for a total transaction of $331,533.39. Following the transaction, the insider owned 7,295 shares of the company's stock, valued at approximately $1,252,478.55. The trade was a 20.93% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.40% of the company's stock.

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.

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