SG Americas Securities LLC Raises Stock Position in WEX Inc. $WEX

Key Points

• SG Americas Securities LLC2,115.6% in Q4 and now holds 14,667 shares worth about $2.19 million, contributing to the stock's high institutional ownership (97.47%).
• Company insiders have been net sellers recently—including CAO Jennifer Kimball and COO Carlos Carriedo—with a total of 11,979 shares sold over the last three months (≈$1.84 million), leaving insiders with about 1.40% ownership.
• WEX beat quarterly EPS and revenue expectations and provided FY2026 guidance of $17.25–$17.85 EPS, while analysts largely rate the stock a "Hold" (average target ~$162.27) with a few recent upgrades and target adjustments.

SG Americas Securities LLC raised its stake in shares of WEX Inc. (NYSE:WEX - Free Report) by 2,115.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,667 shares of the business services provider's stock after buying an additional 14,005 shares during the period. SG Americas Securities LLC's holdings in WEX were worth $2,185,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of WEX. Quent Capital LLC bought a new position in WEX in the third quarter valued at about $28,000. Steph & Co. bought a new stake in shares of WEX during the 3rd quarter valued at about $35,000. Caitong International Asset Management Co. Ltd increased its position in shares of WEX by 368.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider's stock valued at $35,000 after purchasing an additional 173 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of WEX by 162.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider's stock valued at $36,000 after purchasing an additional 141 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of WEX by 56.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 329 shares of the business services provider's stock worth $53,000 after purchasing an additional 119 shares during the period. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other WEX news, CAO Jennifer Kimball sold 715 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $157.82, for a total value of $112,841.30. Following the sale, the chief accounting officer owned 6,203 shares in the company, valued at $978,957.46. This trade represents a 10.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Carlos Carriedo sold 1,575 shares of WEX stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $159.90, for a total value of $251,842.50. Following the sale, the chief operating officer owned 3,695 shares of the company's stock, valued at approximately $590,830.50. This trade represents a 29.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 11,979 shares of company stock worth $1,842,414 over the last three months. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WEX shares. Wall Street Zen upgraded shares of WEX from a "hold" rating to a "buy" rating in a research note on Saturday, March 21st. Mizuho decreased their target price on WEX from $180.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, February 6th. JPMorgan Chase & Co. cut their price target on WEX from $175.00 to $155.00 and set a "neutral" rating for the company in a report on Friday, February 6th. Weiss Ratings restated a "hold (c)" rating on shares of WEX in a research report on Wednesday, January 21st. Finally, Cantor Fitzgerald raised their price objective on WEX from $158.00 to $166.00 and gave the stock a "neutral" rating in a research note on Monday, February 9th. Three investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $162.27.

WEX Trading Up 0.0%

Shares of WEX stock opened at $154.71 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.86. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 1.17 and a beta of 0.93. WEX Inc. has a 12-month low of $110.45 and a 12-month high of $180.71. The stock's 50-day moving average price is $155.87 and its 200-day moving average price is $153.99.

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 analysts' consensus estimates of $3.90 by $0.21. The business had revenue of $672.90 million during the quarter, compared to analysts' expectations of $660.89 million. WEX had a net margin of 11.43% and a return on equity of 48.01%. The business's revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $3.57 EPS. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. Equities research analysts predict that WEX Inc. will post 14.09 EPS for the current fiscal year.

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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