UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Holdings in WEX Inc. $WEX

Key Points

• UBS Asset Management reduced its WEX stake by 4.6% in the second quarter, selling 5,754 shares and retaining 119,877 shares valued at approximately $16.9 million. Institutional investors collectively own 97.47% of WEX.
• WEX insiders sold 36,767 shares worth $6.83 million over the past 90 days, including sales by COO Robert Deshaies and insider Ann Drew.
• WEX exceeded quarterly earnings and revenue estimates, reporting $5.35 in EPS and $753.5 million in revenue, while analysts maintain an average “Hold” rating with a $183.30 price target. The company also has a $1 billion share-repurchase authorization.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in WEX Inc. (NYSE:WEX - Free Report) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,877 shares of the business services provider's stock after selling 5,754 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.35% of WEX worth $16,913,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of WEX. Los Angeles Capital Management LLC purchased a new stake in shares of WEX in the fourth quarter valued at approximately $25,000. Global Retirement Partners LLC purchased a new position in WEX during the 2nd quarter worth $26,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of WEX by 368.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider's stock worth $35,000 after buying an additional 173 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of WEX in the 2nd quarter worth $41,000. Finally, Root Financial Partners LLC grew its position in shares of WEX by 255.0% during the 1st quarter. Root Financial Partners LLC now owns 355 shares of the business services provider's stock worth $54,000 after buying an additional 255 shares in the last quarter. 97.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at WEX

In related news, COO Robert Deshaies sold 2,000 shares of the business's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $148.40, for a total transaction of $296,800.00. Following the completion of the transaction, the chief operating officer owned 20,288 shares in the company, valued at $3,010,739.20. The trade was a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ann Drew sold 3,400 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $176.02, for a total transaction of $598,468.00. Following the sale, the insider directly owned 7,988 shares of the company's stock, valued at $1,406,047.76. The trade was a 29.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 36,767 shares of company stock worth $6,832,266. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Morgan Stanley raised their price target on WEX from $161.00 to $172.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. Wall Street Zen cut shares of WEX from a "buy" rating to a "hold" rating in a report on Sunday, May 24th. Keefe, Bruyette & Woods raised their target price on shares of WEX from $200.00 to $210.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. Weiss Ratings upgraded shares of WEX from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. Finally, Cantor Fitzgerald set a $178.00 price target on shares of WEX in a research report on Monday, July 27th. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $183.30.

WEX Trading Down 0.6%

WEX opened at $193.75 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.62. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 1.01 and a beta of 0.83. WEX Inc. has a 12 month low of $125.29 and a 12 month high of $203.99. The stock has a fifty day moving average price of $177.19 and a 200-day moving average price of $160.06.

WEX (NYSE:WEX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share for the quarter, beating analysts' consensus estimates of $5.08 by $0.27. WEX had a return on equity of 43.19% and a net margin of 12.56%.The company had revenue of $753.50 million for the quarter, compared to the consensus estimate of $740.72 million. During the same quarter last year, the company earned $3.95 earnings per share. The firm's revenue for the quarter was up 14.2% compared to the same quarter last year. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. As a group, equities research analysts anticipate that WEX Inc. will post 17.11 earnings per share for the current fiscal year.

WEX declared that its Board of Directors has initiated a stock buyback plan on Thursday, May 14th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to purchase up to 21.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

WEX Company 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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