Carlos Carriedo Sells 1,075 Shares of WEX (NYSE:WEX) Stock

WEX Inc. (NYSE:WEX) COO Carlos Carriedo sold 1,075 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $186.00, for a total transaction of $199,950.00. Following the completion of the sale, the chief operating officer directly owned 11,076 shares of the company’s stock, valued at approximately $2,060,136. This represents a 8.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

WEX Stock Performance

WEX stock opened at $185.15 on Friday. The company has a 50 day moving average price of $154.50 and a 200 day moving average price of $154.75. WEX Inc. has a fifty-two week low of $125.29 and a fifty-two week high of $192.37. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $6.31 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.05 and a beta of 0.82.

WEX (NYSE:WEX) last announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, beating analysts’ consensus estimates of $5.08 by $0.27. The firm had revenue of $753.50 million for the quarter, compared to analyst estimates of $740.72 million. WEX had a return on equity of 43.19% and a net margin of 12.56%.The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company earned $3.95 EPS. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Analysts forecast that WEX Inc. will post 17.12 EPS for the current year.

WEX declared that its board has initiated a stock repurchase plan on Thursday, May 14th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 21.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have weighed in on WEX. Morgan Stanley boosted their price objective on WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Robert W. Baird raised their target price on shares of WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Cantor Fitzgerald set a $178.00 price target on shares of WEX in a research report on Monday, July 27th. Weiss Ratings downgraded shares of WEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Finally, Wall Street Zen lowered shares of WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, WEX presently has an average rating of “Hold” and an average target price of $183.30.

Institutional Investors Weigh In On WEX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its stake in WEX by 1.1% in the first quarter. Janus Henderson Group PLC now owns 3,916,073 shares of the business services provider’s stock valued at $599,313,000 after buying an additional 44,031 shares during the period. BlackRock Inc. acquired a new position in shares of WEX during the 2nd quarter worth about $446,833,000. Par Capital Management Inc. increased its stake in shares of WEX by 21.6% in the 4th quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock valued at $335,503,000 after acquiring an additional 400,500 shares during the last quarter. Boston Partners increased its stake in shares of WEX by 13.7% in the 4th quarter. Boston Partners now owns 1,447,442 shares of the business services provider’s stock valued at $215,955,000 after acquiring an additional 174,079 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of WEX by 794.0% in the 4th quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider’s stock valued at $132,563,000 after acquiring an additional 790,271 shares during the period. Institutional investors own 97.47% of the company’s stock.

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.