Capital World Investors Buys 34,071 Shares of WEX Inc. $WEX

Key Points

• Capital World Investors boosted its stake in WEX by 126.1%, buying an additional 34,071 shares to own 61,083 shares (about 0.18% of the company) worth roughly $9.62 million per its latest SEC filing.
• WEX beat quarterly expectations with $4.11 EPS (vs. $3.90 est.) and $672.9M revenue, and set FY 2026 guidance of EPS 17.25–17.85 and Q1 2026 guidance of 3.80–4.00; the company has a ~$5.51B market cap and a P/E around 18.9.
• Analysts carry a consensus "Hold" rating (three Buys, thirteen Holds) with a $162.27 price target, while insiders sold 8,154 shares (~$1.26M) in the past three months.

Capital World Investors lifted its stake in WEX Inc. (NYSE:WEX - Free Report) by 126.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,083 shares of the business services provider's stock after buying an additional 34,071 shares during the period. Capital World Investors owned approximately 0.18% of WEX worth $9,622,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of WEX. Goldman Sachs Group Inc. grew its position in WEX by 158.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider's stock worth $55,097,000 after acquiring an additional 215,036 shares during the last quarter. Empowered Funds LLC bought a new stake in WEX in the first quarter valued at approximately $394,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in WEX in the second quarter valued at approximately $338,000. PNC Financial Services Group Inc. boosted its stake in shares of WEX by 23.2% during the second quarter. PNC Financial Services Group Inc. now owns 11,236 shares of the business services provider's stock valued at $1,650,000 after purchasing an additional 2,113 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of WEX by 5.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,799 shares of the business services provider's stock worth $1,292,000 after purchasing an additional 453 shares during the last quarter. Institutional investors own 97.47% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on WEX shares. Cantor Fitzgerald lifted their target price on shares of WEX from $158.00 to $166.00 and gave the stock a "neutral" rating in a research note on Monday, February 9th. Wall Street Zen cut shares of WEX from a "buy" rating to a "hold" rating in a research report on Saturday, February 7th. Raymond James Financial restated a "market perform" rating on shares of WEX in a research report on Friday, March 6th. UBS Group set a $165.00 price objective on shares of WEX and gave the company a "neutral" rating in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of WEX from $175.00 to $155.00 and set a "neutral" rating for the company in a report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $162.27.

Insider Activity at WEX

In other WEX news, CAO Jennifer Kimball sold 494 shares of WEX stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $151.40, for a total transaction of $74,791.60. Following the sale, the chief accounting officer directly owned 3,671 shares of the company's stock, valued at approximately $555,789.40. The trade was a 11.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Robert Joseph Deshaies sold 3,238 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $150.22, for a total value of $486,412.36. Following the transaction, the chief operating officer owned 14,859 shares in the company, valued at $2,232,118.98. This trade represents a 17.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,154 shares of company stock valued at $1,256,518 in the last three months. Corporate insiders own 1.40% of the company's stock.

WEX Stock Performance

NYSE:WEX opened at $160.55 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.86. The firm's fifty day simple moving average is $157.03 and its 200 day simple moving average is $156.11. The stock has a market cap of $5.51 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 1.24 and a beta of 0.97. WEX Inc. has a twelve month low of $110.45 and a twelve month high of $180.71.

WEX (NYSE:WEX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, topping the consensus estimate of $3.90 by $0.21. WEX had a net margin of 11.43% and a return on equity of 48.01%. The business had revenue of $672.90 million during the quarter, compared to analyst estimates of $660.89 million. During the same period in the prior year, the business earned $3.57 EPS. The company's revenue for the quarter was up 5.7% on a year-over-year basis. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. As a group, research analysts predict that WEX Inc. will post 14.09 EPS for the current year.

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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