Deutsche Bank AG Invests $1.50 Million in WEX Inc. $WEX

Key Points

• Deutsche Bank acquired a new $1.50 million stake in WEX during the second quarter, purchasing 10,662 shares. Institutional investors collectively own 97.47% of the company.
• WEX exceeded quarterly expectations, reporting $5.35 in EPS and $753.5 million in revenue, with revenue up 14.2% year over year. The company also authorized a $1 billion share-repurchase program.
• Insider selling totaled 8,658 shares worth $1.49 million over the past 90 days, while analysts maintained a consensus “Hold” rating with an average price target of $183.30.

Deutsche Bank AG purchased a new position in 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 purchased 10,662 shares of the business services provider's stock, valued at approximately $1,504,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC bought a new position in WEX in the 4th quarter worth about $25,000. Global Retirement Partners LLC purchased a new stake in shares of WEX in the second quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd grew its stake in WEX by 368.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider's stock worth $35,000 after purchasing an additional 173 shares in the last quarter. Root Financial Partners LLC grew its stake in 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 purchasing an additional 255 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in WEX by 225.4% during the 4th quarter. IFP Advisors Inc now owns 371 shares of the business services provider's stock worth $55,000 after purchasing an additional 257 shares during the period. Institutional investors own 97.47% of the company's stock.

Insider Activity

In other news, COO Carlos Carriedo sold 1,075 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ann Elena Drew sold 3,400 shares of WEX stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $176.02, for a total transaction of $598,468.00. Following the completion of the transaction, the insider directly owned 7,988 shares in the company, valued at approximately $1,406,047.76. The trade was a 29.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,658 shares of company stock valued at $1,489,027 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

WEX Trading Down 0.9%

Shares of NYSE WEX opened at $196.59 on Friday. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $6.70 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 1.03 and a beta of 0.82. WEX Inc. has a 1-year low of $125.29 and a 1-year high of $203.99. The business has a fifty day moving average price of $171.28 and a 200 day moving average price of $158.96.

WEX (NYSE:WEX - Get Free Report) last posted its 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. The company had revenue of $753.50 million for the quarter, compared to analyst estimates of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.The firm's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.95 earnings per share. 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 research analysts expect that WEX Inc. will post 17.11 EPS for the current fiscal year.

WEX announced that its board has authorized a share buyback program on Thursday, May 14th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the business services provider to buy up to 21.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

WEX has been the subject of a number of research analyst reports. Weiss Ratings raised WEX from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, August 7th. Cantor Fitzgerald set a $178.00 price target on WEX in a research note on Monday, July 27th. Evercore upgraded WEX to an "outperform" rating in a report on Tuesday, July 21st. Mizuho upped their price objective on shares of WEX from $170.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Finally, Morgan Stanley increased their target price on shares of WEX from $161.00 to $172.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $183.30.

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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