12,000 Shares in WEX Inc (WEX) Obtained by Mondrian Capital Management LLC

12,000 Shares in WEX Inc (WEX) Obtained by Mondrian Capital Management LLC

Mondrian Capital Management LLC acquired a new position in WEX Inc (NYSE:WEX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 12,000 shares of the business services provider’s stock, valued at approximately $1,681,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc boosted its holdings in shares of WEX by 3.0% during the 3rd quarter. Vanguard Group Inc now owns 3,840,898 shares of the business services provider’s stock worth $771,098,000 after purchasing an additional 111,362 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of WEX by 6.8% during the 3rd quarter. BlackRock Inc. now owns 3,720,426 shares of the business services provider’s stock worth $746,912,000 after purchasing an additional 236,285 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of WEX by 2.6% during the 3rd quarter. William Blair Investment Management LLC now owns 1,054,791 shares of the business services provider’s stock worth $211,760,000 after purchasing an additional 26,661 shares during the last quarter. Frontier Capital Management Co. LLC boosted its holdings in shares of WEX by 6.9% during the 4th quarter. Frontier Capital Management Co. LLC now owns 942,937 shares of the business services provider’s stock worth $132,068,000 after purchasing an additional 60,588 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of WEX by 31.6% during the 3rd quarter. Victory Capital Management Inc. now owns 658,395 shares of the business services provider’s stock worth $132,180,000 after purchasing an additional 158,212 shares during the last quarter. Institutional investors own 97.16% of the company’s stock.

Several analysts have recently commented on the stock. ValuEngine raised shares of WEX from a “hold” rating to a “buy” rating in a research report on Friday. William Blair reaffirmed an “outperform” rating on shares of WEX in a research report on Wednesday, January 30th. Jefferies Financial Group assumed coverage on shares of WEX in a research report on Monday, January 28th. They set a “hold” rating and a $170.00 price target on the stock. BTIG Research assumed coverage on shares of WEX in a research report on Thursday, January 17th. They set a “buy” rating and a $198.00 price target on the stock. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $180.00 price target (down previously from $200.00) on shares of WEX in a research report on Wednesday, January 16th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $193.67.

Shares of NYSE WEX opened at $167.03 on Tuesday. The company has a market capitalization of $7.20 billion, a price-to-earnings ratio of 35.54, a PEG ratio of 1.36 and a beta of 1.55. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.50 and a current ratio of 1.50. WEX Inc has a 52-week low of $131.35 and a 52-week high of $203.49.

In other WEX news, insider David G. Cooper sold 607 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $145.15, for a total value of $88,106.05. Following the sale, the insider now owns 1,065 shares of the company’s stock, valued at $154,584.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.57% of the stock is owned by insiders.

WEX Profile

WEX Inc provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment and processing services.

Read More: Market Capitalization and Individual Investors

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