Pallas Capital Advisors LLC Buys Shares of 3,524 WEX Inc. $WEX

Pallas Capital Advisors LLC bought a new position in WEX Inc. (NYSE:WEX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,524 shares of the business services provider’s stock, valued at approximately $525,000.

Other hedge funds also recently made changes to their positions in the company. Quent Capital LLC acquired a new position in shares of WEX during the third quarter worth approximately $28,000. Steph & Co. acquired a new stake in WEX in the 3rd quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd raised its stake in 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 acquiring an additional 173 shares in the last quarter. Hantz Financial Services Inc. raised its stake in 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 acquiring an additional 141 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in WEX by 56.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 329 shares of the business services provider’s stock worth $53,000 after acquiring an additional 119 shares during the period. Institutional investors own 97.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WEX shares. Raymond James Financial reissued a “market perform” rating on shares of WEX in a research note on Friday, March 6th. Wall Street Zen upgraded shares of WEX from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WEX in a report on Wednesday, January 21st. JPMorgan Chase & Co. decreased their target price on shares of WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Finally, Morgan Stanley set a $146.00 target price on shares of WEX in a research note on Friday, February 6th. Three analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $162.27.

Insider Buying and Selling at WEX

In other WEX news, COO Carlos Carriedo sold 1,575 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $159.90, for a total value of $251,842.50. Following the sale, the chief operating officer directly owned 3,695 shares in the company, valued at approximately $590,830.50. The trade was a 29.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sara Trickett sold 1,815 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $149.95, for a total transaction of $272,159.25. Following the completion of the sale, the insider directly owned 2,137 shares of the company’s stock, valued at $320,443.15. The trade was a 45.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,479 shares of company stock valued at $1,309,924 in the last ninety days. 1.40% of the stock is owned by insiders.

WEX Stock Performance

Shares of NYSE WEX opened at $152.67 on Wednesday. WEX Inc. has a 1 year low of $110.45 and a 1 year high of $180.71. The firm has a market cap of $5.24 billion, a P/E ratio of 17.96, a PEG ratio of 1.16 and a beta of 0.97. The stock has a fifty day moving average price of $156.27 and a two-hundred day moving average price of $154.26. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.05 and a current ratio of 1.05.

WEX (NYSE:WEX) last posted 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. WEX had a return on equity of 48.01% and a net margin of 11.43%.The company had revenue of $672.90 million for the quarter, compared to the consensus estimate of $660.89 million. During the same quarter in the previous year, the business earned $3.57 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. Research analysts forecast 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.