Algert Global LLC Makes New $1.16 Million Investment in WEX Inc. $WEX

Key Points

• Algert Global LLC purchased a new $1.16 million stake in WEX during the second quarter, while institutional investors collectively own 97.47% of the company.
• WEX exceeded quarterly expectations, reporting $5.35 in EPS and $753.5 million in revenue, up 14.2% year over year. The company issued Q3 and full-year 2026 EPS guidance and authorized a $1 billion share buyback.
• Analyst sentiment remains mixed: six analysts rate WEX a Buy and eight rate it Hold, producing a consensus Hold rating and $183.30 target price, below the reported share price of $196.59. Insiders have sold $1.49 million of stock over the past three months.

Algert Global LLC bought a new stake in WEX Inc. (NYSE:WEX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,190 shares of the business services provider's stock, valued at approximately $1,156,000.

A number of other institutional investors have also recently made changes to their positions in WEX. Los Angeles Capital Management LLC purchased a new position in WEX in the 4th quarter valued at approximately $25,000. Global Retirement Partners LLC bought a new position in WEX in the 2nd quarter worth about $26,000. Caitong International Asset Management Co. Ltd increased its position in shares of WEX by 368.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider's stock valued at $35,000 after buying an additional 173 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of WEX during the second quarter valued at about $41,000. Finally, Root Financial Partners LLC lifted its holdings in shares of WEX by 255.0% in the first quarter. Root Financial Partners LLC now owns 355 shares of the business services provider's stock worth $54,000 after buying an additional 255 shares in the last quarter. Hedge funds and other institutional investors own 97.47% of the company's stock.

WEX Price Performance

Shares of NYSE:WEX opened at $196.59 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.62. The stock has a market cap of $6.70 billion, a PE ratio of 19.58, a PEG ratio of 1.03 and a beta of 0.82. The company's fifty day moving average is $171.28 and its 200 day moving average is $158.94. WEX Inc. has a 52 week low of $125.29 and a 52 week high of $203.99.

WEX (NYSE:WEX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.08 by $0.27. WEX had a net margin of 12.56% and a return on equity of 43.19%. The business had revenue of $753.50 million during the quarter, compared to analyst estimates of $740.72 million. During the same period in the prior year, the business posted $3.95 earnings per share. The company's revenue was up 14.2% on a year-over-year basis. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Research analysts anticipate that WEX Inc. will post 17.11 earnings per share for the current year.

WEX declared that its Board of Directors has initiated a share buyback plan on Thursday, May 14th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 21.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other news, COO Carlos Carriedo sold 1,075 shares of WEX stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $186.00, for a total value of $199,950.00. Following the sale, the chief operating officer directly owned 11,076 shares in the company, valued at approximately $2,060,136. This trade represents a 8.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Robert Joseph Deshaies sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $184.95, for a total value of $184,950.00. Following the transaction, the chief operating officer directly owned 19,288 shares in the company, valued at $3,567,315.60. This trade represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 8,658 shares of company stock valued at $1,489,027 over the last three months. Company insiders own 1.40% of the company's stock.

Analyst Ratings Changes

WEX has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price objective on WEX from $200.00 to $210.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Wall Street Zen lowered WEX from a "buy" rating to a "hold" rating in a research note on Sunday, May 24th. Weiss Ratings raised WEX from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. Mizuho lifted their price target on WEX from $170.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on WEX from $180.00 to $160.00 and set a "hold" rating for the company in a report on Friday, June 12th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $183.30.

WEX Company Profile

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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