Comerica Bank Has $4.73 Million Holdings in WEX Inc. $WEX

Key Points

• Comerica Bank boosted its stake in WEX by 49.3% to 31,774 shares valued at about $4.73 million, and institutional investors now hold roughly 97.47% of the company.
• WEX beat quarterly expectations, reporting $4.15 EPS versus $3.92 expected and $673.8 million in revenue, and set FY2026 guidance of $18.95–$19.55 EPS with Q2 guidance of $4.93–$5.13.
• Insiders sold 15,479 shares worth $2.45 million last quarter (insider ownership ~1.40%), while analysts' consensus is a "Hold" with an average price target of $169.27 amid mixed upgrades and downgrades.

Comerica Bank boosted its holdings in shares of WEX Inc. (NYSE:WEX - Free Report) by 49.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,774 shares of the business services provider's stock after buying an additional 10,486 shares during the quarter. Comerica Bank owned approximately 0.09% of WEX worth $4,734,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Lightrock Netherlands B.V. lifted its position in shares of WEX by 19.7% during the 3rd quarter. Lightrock Netherlands B.V. now owns 43,800 shares of the business services provider's stock valued at $6,900,000 after acquiring an additional 7,200 shares during the period. Earnest Partners LLC lifted its position in shares of WEX by 1.1% during the 3rd quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider's stock valued at $143,006,000 after acquiring an additional 10,027 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of WEX by 1,289.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,797 shares of the business services provider's stock valued at $3,119,000 after acquiring an additional 18,372 shares during the period. Citigroup Inc. lifted its position in shares of WEX by 103.8% during the 3rd quarter. Citigroup Inc. now owns 24,088 shares of the business services provider's stock valued at $3,795,000 after acquiring an additional 12,266 shares during the period. Finally, Snyder Capital Management L P lifted its position in shares of WEX by 13.6% during the 3rd quarter. Snyder Capital Management L P now owns 175,427 shares of the business services provider's stock valued at $27,635,000 after acquiring an additional 21,028 shares during the period. Institutional investors and hedge funds own 97.47% of the company's stock.

Insider Buying and Selling at WEX

In related news, CAO Jennifer Kimball sold 715 shares of the company's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $157.82, for a total transaction of $112,841.30. Following the completion of the sale, the chief accounting officer directly owned 6,203 shares in the company, valued at $978,957.46. This represents a 10.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Robert Joseph Deshaies sold 3,238 shares of the company's stock in a transaction 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 sale, the chief operating officer owned 14,859 shares of the company's stock, valued at approximately $2,232,118.98. This represents a 17.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 15,479 shares of company stock worth $2,454,914 over the last quarter. 1.40% of the stock is currently owned by company insiders.

WEX Price Performance

Shares of WEX stock opened at $151.08 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.83. WEX Inc. has a twelve month low of $120.03 and a twelve month high of $186.85. The company has a market cap of $5.24 billion, a P/E ratio of 16.96, a P/E/G ratio of 0.94 and a beta of 0.87. The business has a fifty day simple moving average of $158.54 and a 200 day simple moving average of $154.43.

WEX (NYSE:WEX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $3.92 by $0.23. WEX had a return on equity of 42.66% and a net margin of 11.50%.The business had revenue of $673.80 million during the quarter, compared to the consensus estimate of $660.96 million. During the same period in the prior year, the company earned $3.51 EPS. WEX's revenue for the quarter was up 5.8% on a year-over-year basis. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. On average, sell-side analysts forecast that WEX Inc. will post 16.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WEX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on WEX from $175.00 to $155.00 and set a "neutral" rating for the company in a research report on Friday, February 6th. UBS Group set a $165.00 target price on WEX and gave the company a "neutral" rating in a research report on Friday, February 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of WEX in a research report on Monday, April 20th. Robert W. Baird upped their target price on WEX from $210.00 to $220.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. Finally, Loop Capital assumed coverage on WEX in a research report on Monday. They set a "buy" rating and a $195.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, WEX has a consensus rating of "Hold" and an average price target of $169.27.

WEX 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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