Radnor Capital Management LLC Boosts Stake in WEX Inc. (NYSE:WEX)

Radnor Capital Management LLC increased its stake in shares of WEX Inc. (NYSE:WEX - Free Report) by 195.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,575 shares of the business services provider's stock after buying an additional 3,685 shares during the quarter. Radnor Capital Management LLC's holdings in WEX were worth $875,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its position in WEX by 13.2% during the fourth quarter. LPL Financial LLC now owns 29,408 shares of the business services provider's stock worth $5,283,000 after buying an additional 3,439 shares in the last quarter. Pictet Asset Management Holding SA raised its position in WEX by 7.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,008 shares of the business services provider's stock valued at $1,053,000 after purchasing an additional 393 shares during the period. Smartleaf Asset Management LLC raised its position in WEX by 25.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider's stock valued at $56,000 after purchasing an additional 66 shares during the period. Jones Financial Companies Lllp raised its position in WEX by 108.4% in the fourth quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider's stock valued at $43,000 after purchasing an additional 129 shares during the period. Finally, Choreo LLC raised its position in WEX by 33.7% in the fourth quarter. Choreo LLC now owns 2,373 shares of the business services provider's stock valued at $405,000 after purchasing an additional 598 shares during the period. Hedge funds and other institutional investors own 97.47% of the company's stock.

Insider Transactions at WEX

In other news, CAO Jennifer Kimball sold 1,400 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $131.08, for a total transaction of $183,512.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,177 shares of the company's stock, valued at approximately $416,441.16. This represents a 30.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Melissa D. Smith bought 3,721 shares of WEX stock in a transaction dated Thursday, May 29th. The stock was purchased at an average cost of $134.57 per share, with a total value of $500,734.97. Following the completion of the acquisition, the chief executive officer now directly owns 101,182 shares in the company, valued at approximately $13,616,061.74. The trade was a 3.82% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.40% of the company's stock.

WEX Stock Up 1.5%

WEX traded up $2.10 on Friday, hitting $138.54. 452,837 shares of the company were exchanged, compared to its average volume of 568,893. WEX Inc. has a twelve month low of $110.45 and a twelve month high of $217.47. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22. The company has a current ratio of 1.02, a quick ratio of 1.04 and a debt-to-equity ratio of 2.07. The firm has a 50-day moving average price of $130.68 and a two-hundred day moving average price of $156.17.

WEX (NYSE:WEX - Get Free Report) last released its earnings results on Wednesday, April 30th. The business services provider reported $3.51 EPS for the quarter, topping the consensus estimate of $3.40 by $0.11. The firm had revenue of $636.60 million during the quarter, compared to analysts' expectations of $631.42 million. WEX had a return on equity of 32.35% and a net margin of 11.78%. WEX's revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.46 EPS. On average, equities analysts predict that WEX Inc. will post 14.09 earnings per share for the current year.

Analyst Ratings Changes

WEX has been the topic of a number of research analyst reports. Barclays reduced their target price on WEX from $200.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. Keefe, Bruyette & Woods reduced their target price on WEX from $220.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Mizuho reduced their target price on WEX from $215.00 to $170.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Robert W. Baird set a $186.00 price objective on WEX in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group lifted their price objective on WEX from $130.00 to $135.00 and gave the company a "hold" rating in a research note on Tuesday, May 27th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, WEX currently has an average rating of "Hold" and a consensus target price of $176.90.

WEX Company 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.