Rhino Investment Partners Inc Raises Position in WEX Inc. $WEX

Rhino Investment Partners Inc boosted its holdings in shares of WEX Inc. (NYSE:WEX) by 39.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,230 shares of the business services provider’s stock after buying an additional 15,768 shares during the period. WEX makes up about 2.8% of Rhino Investment Partners Inc’s holdings, making the stock its 16th largest holding. Rhino Investment Partners Inc owned 0.16% of WEX worth $8,858,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in WEX. Quent Capital LLC purchased a new stake in shares of WEX in the 3rd quarter valued at about $28,000. Steph & Co. purchased a new position in shares of WEX during the third quarter worth about $35,000. Hantz Financial Services Inc. grew its holdings in shares of WEX by 162.1% during the third quarter. Hantz Financial Services Inc. now owns 228 shares of the business services provider’s stock worth $36,000 after purchasing an additional 141 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of WEX by 56.7% in the third quarter. Jones Financial Companies Lllp now owns 329 shares of the business services provider’s stock worth $53,000 after purchasing an additional 119 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in WEX by 4,837.5% in the second quarter. EverSource Wealth Advisors LLC now owns 395 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 387 shares in the last quarter. 97.47% of the stock is currently owned by institutional investors.

WEX Stock Performance

NYSE:WEX opened at $159.82 on Friday. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 1.24 and a beta of 0.97. The business has a 50 day moving average of $157.27 and a 200 day moving average of $156.03. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.05 and a quick ratio of 1.05. WEX Inc. has a 1-year low of $110.45 and a 1-year high of $180.71.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, beating analysts’ consensus estimates of $3.90 by $0.21. The business had revenue of $672.90 million for the quarter, compared to analysts’ expectations of $660.89 million. WEX had a net margin of 11.43% and a return on equity of 48.01%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $3.57 earnings per share. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS. On average, sell-side analysts predict that WEX Inc. will post 14.09 earnings per share for the current fiscal year.

Insider Buying and Selling at WEX

In related news, insider Sara Trickett sold 1,815 shares of WEX stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $149.95, for a total value of $272,159.25. Following the transaction, the insider owned 2,137 shares in the company, valued at $320,443.15. This trade represents a 45.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jennifer Kimball sold 494 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $151.40, for a total transaction of $74,791.60. Following the completion of the sale, the chief accounting officer directly owned 3,671 shares of the company’s stock, valued at $555,789.40. This represents a 11.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,154 shares of company stock worth $1,256,518 in the last quarter. 1.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WEX has been the subject of several research analyst reports. Mizuho dropped their target price on shares of 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 set a $146.00 price objective on shares of WEX in a research report on Friday, February 6th. JPMorgan Chase & Co. dropped their price objective on shares of WEX from $175.00 to $155.00 and set a “neutral” rating for the company in a report on Friday, February 6th. Wall Street Zen lowered shares of WEX from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, UBS Group set a $165.00 target price on WEX and gave the company a “neutral” rating in a research note on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $162.27.

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.