UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in WEX Inc. (NYSE:WEX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in WEX Inc. (NYSE:WEX - Free Report) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 193,971 shares of the business services provider's stock after purchasing an additional 19,534 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.49% of WEX worth $34,007,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of WEX by 105.8% during the 4th quarter. JPMorgan Chase & Co. now owns 2,046,614 shares of the business services provider's stock valued at $358,812,000 after buying an additional 1,052,087 shares in the last quarter. Earnest Partners LLC lifted its position in shares of WEX by 1.0% during the 4th quarter. Earnest Partners LLC now owns 872,734 shares of the business services provider's stock valued at $153,008,000 after buying an additional 8,780 shares in the last quarter. Lyrical Asset Management LP lifted its position in shares of WEX by 0.4% during the 4th quarter. Lyrical Asset Management LP now owns 823,434 shares of the business services provider's stock valued at $144,364,000 after buying an additional 3,190 shares in the last quarter. River Road Asset Management LLC lifted its holdings in WEX by 0.7% in the 4th quarter. River Road Asset Management LLC now owns 725,842 shares of the business services provider's stock worth $127,255,000 after purchasing an additional 5,377 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in WEX by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 602,693 shares of the business services provider's stock worth $105,653,000 after purchasing an additional 18,331 shares in the last quarter. 97.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on WEX. UBS Group lowered their price target on WEX from $172.00 to $138.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Barclays lowered their price target on WEX from $200.00 to $155.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. William Blair reissued a "market perform" rating on shares of WEX in a report on Thursday, February 6th. Jefferies Financial Group boosted their price target on WEX from $130.00 to $135.00 and gave the stock a "hold" rating in a report on Tuesday. Finally, Mizuho lowered their price target on WEX from $215.00 to $170.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, WEX presently has an average rating of "Hold" and a consensus target price of $176.90.

WEX Trading Down 1.1%

Shares of NYSE WEX traded down $1.42 during trading hours on Friday, hitting $133.03. 400,032 shares of the company traded hands, compared to its average volume of 565,609. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 2.06 and a beta of 1.26. 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 company's 50 day moving average price is $132.67 and its 200 day moving average price is $157.49. WEX Inc. has a 12 month low of $110.45 and a 12 month high of $217.47.

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

About WEX

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.