Janus Henderson Group PLC Decreases Stock Holdings in WEX Inc. (NYSE:WEX)

Janus Henderson Group PLC decreased its position in WEX Inc. (NYSE:WEX - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,052,379 shares of the business services provider's stock after selling 111,299 shares during the quarter. Janus Henderson Group PLC owned 10.19% of WEX worth $710,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in WEX by 105.8% in the 4th quarter. JPMorgan Chase & Co. now owns 2,046,614 shares of the business services provider's stock worth $358,812,000 after acquiring an additional 1,052,087 shares during the last quarter. Earnest Partners LLC raised its holdings in 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 during the period. Lyrical Asset Management LP raised its holdings in 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 during the period. River Road Asset Management LLC raised its holdings in WEX by 0.7% during the 4th quarter. River Road Asset Management LLC now owns 725,842 shares of the business services provider's stock valued at $127,255,000 after buying an additional 5,377 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in WEX by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 602,693 shares of the business services provider's stock valued at $105,653,000 after buying an additional 18,331 shares during the period. Institutional investors own 97.47% of the company's stock.

WEX Stock Down 1.5%

Shares of WEX stock traded down $2.05 during mid-day trading on Wednesday, hitting $136.08. The stock had a trading volume of 37,161 shares, compared to its average volume of 558,646. WEX Inc. has a 12-month low of $110.45 and a 12-month high of $217.47. The firm has a market capitalization of $4.66 billion, a P/E ratio of 18.10, a price-to-earnings-growth ratio of 2.06 and a beta of 1.26. The firm's 50-day moving average is $137.70 and its two-hundred day moving average is $161.31. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.02 and a quick ratio of 1.04.

WEX (NYSE:WEX - Get Free Report) last issued its earnings results on Wednesday, April 30th. The business services provider reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.11. The business 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%. The business's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $3.46 EPS. On average, analysts predict that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company decreased their price target on WEX from $160.00 to $140.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Citigroup downgraded WEX from a "buy" rating to a "neutral" rating and cut their price objective for the company from $260.00 to $190.00 in a research report on Tuesday, January 14th. Robert W. Baird set a $186.00 price objective on WEX in a research report on Tuesday, February 18th. UBS Group cut their price objective on WEX from $172.00 to $138.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Finally, Jefferies Financial Group upped their price objective on WEX from $180.00 to $190.00 and gave the company a "hold" rating in a research report on Wednesday, January 22nd. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, WEX has a consensus rating of "Hold" and an average price target of $182.40.

WEX 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.