Vanguard Group Inc. Sells 39,910 Shares of WEX Inc. $WEX

Key Points

• Vanguard trimmed its WEX stake by 1.2% (selling 39,910 shares), leaving it with 3,222,345 shares — about 9.40% of the company valued at roughly $480.1M; institutional investors own 97.47% of the stock.
• Insiders sold 15,479 shares (~$2.45M) over the last quarter, including CAO Jennifer Kimball (715 shares) and COO Joel Alan Dearborn Jr. (3,500 shares under a Rule 10b5‑1 plan), reducing insider ownership to about 1.40%.
• WEX beat quarterly estimates (EPS $4.15 vs. $3.92; revenue $673.8M) and set FY2026 guidance of 18.95–19.55 EPS, yet the stock dropped ~4.5% and the consensus rating remains a "Hold" with an average target of $169.27.

Vanguard Group Inc. decreased its position in shares of WEX Inc. (NYSE:WEX - Free Report) by 1.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,222,345 shares of the business services provider's stock after selling 39,910 shares during the period. Vanguard Group Inc. owned about 9.40% of WEX worth $480,065,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Boston Partners raised its holdings in WEX by 0.3% in the third quarter. Boston Partners now owns 1,273,363 shares of the business services provider's stock worth $200,704,000 after purchasing an additional 4,227 shares in the last quarter. Earnest Partners LLC grew its position in shares of WEX by 1.1% in the 3rd quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider's stock worth $143,006,000 after buying an additional 10,027 shares during the period. Bank of America Corp DE grew its position in shares of WEX by 8.6% in the 3rd quarter. Bank of America Corp DE now owns 879,033 shares of the business services provider's stock worth $138,474,000 after buying an additional 69,375 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of WEX by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 642,813 shares of the business services provider's stock worth $101,271,000 after acquiring an additional 7,994 shares in the last quarter. Finally, Turtle Creek Asset Management Inc. purchased a new position in WEX during the 3rd quarter valued at about $93,289,000. Institutional investors own 97.47% of the company's stock.

Insider Activity

In other news, CAO Jennifer Kimball sold 715 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $157.82, for a total value of $112,841.30. Following the completion of the sale, the chief accounting officer directly owned 6,203 shares of the company's stock, valued at $978,957.46. This represents a 10.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Joel Alan Dearborn, Jr. sold 3,500 shares of the company's stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $175.00, for a total transaction of $612,500.00. Following the completion of the transaction, the chief operating officer directly owned 22,872 shares of the company's stock, valued at $4,002,600. This represents a 13.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 15,479 shares of company stock worth $2,454,914. 1.40% of the stock is currently owned by corporate insiders.

WEX Trading Down 4.5%

WEX stock opened at $147.18 on Wednesday. WEX Inc. has a one year low of $120.03 and a one year high of $186.85. The business's fifty day moving average is $158.34 and its 200 day moving average is $154.46. The stock has a market capitalization of $5.10 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 0.97 and a beta of 0.87. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.05 and a quick ratio of 1.05.

WEX (NYSE:WEX - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share for the quarter, topping analysts' consensus estimates of $3.92 by $0.23. The business had revenue of $673.80 million during the quarter, compared to analyst estimates of $660.96 million. WEX had a return on equity of 42.66% and a net margin of 11.50%.WEX's revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.51 EPS. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. On average, sell-side analysts predict that WEX Inc. will post 16.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Loop Capital initiated coverage on shares of WEX in a report on Monday, April 27th. They issued a "buy" rating and a $195.00 price objective on the stock. Mizuho reduced their price objective on WEX from $180.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, February 6th. Morgan Stanley boosted their target price on WEX from $146.00 to $158.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 21st. Raymond James Financial reaffirmed a "market perform" rating on shares of WEX in a research report on Friday, March 6th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of WEX in a research report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat, WEX has a consensus rating of "Hold" and an average target price of $169.27.

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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