River Road Asset Management LLC Has $127.26 Million Holdings in WEX Inc. (NYSE:WEX)

River Road Asset Management LLC boosted its stake in WEX Inc. (NYSE:WEX) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 725,842 shares of the business services provider’s stock after acquiring an additional 5,377 shares during the period. WEX accounts for 1.7% of River Road Asset Management LLC’s investment portfolio, making the stock its 10th largest holding. River Road Asset Management LLC’s holdings in WEX were worth $127,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its position in shares of WEX by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 4,163,678 shares of the business services provider’s stock worth $873,251,000 after purchasing an additional 25,365 shares during the period. FMR LLC raised its stake in WEX by 8.8% during the third quarter. FMR LLC now owns 1,555,507 shares of the business services provider’s stock worth $326,237,000 after buying an additional 125,262 shares during the last quarter. State Street Corp lifted its holdings in WEX by 0.3% in the third quarter. State Street Corp now owns 1,240,953 shares of the business services provider’s stock valued at $260,265,000 after buying an additional 3,882 shares during the period. Bank of New York Mellon Corp boosted its position in WEX by 8.8% during the fourth quarter. Bank of New York Mellon Corp now owns 374,359 shares of the business services provider’s stock valued at $65,633,000 after acquiring an additional 30,395 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in WEX by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 316,682 shares of the business services provider’s stock worth $55,521,000 after acquiring an additional 2,244 shares during the period. Institutional investors and hedge funds own 97.47% of the company’s stock.

Wall Street Analysts Forecast Growth

WEX has been the topic of a number of recent analyst reports. Bank of America downgraded WEX from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. Citigroup lowered WEX from a “buy” rating to a “neutral” rating and dropped their price target for the company from $260.00 to $190.00 in a research note on Tuesday, January 14th. UBS Group reduced their price objective on shares of WEX from $200.00 to $172.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. Robert W. Baird set a $186.00 target price on shares of WEX in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group raised their price target on shares of WEX from $180.00 to $190.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $195.73.

WEX Stock Down 1.4 %

Shares of NYSE WEX opened at $156.48 on Tuesday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.02 and a quick ratio of 1.04. The company has a 50-day moving average price of $168.83 and a 200-day moving average price of $182.71. The stock has a market capitalization of $6.07 billion, a P/E ratio of 20.86, a P/E/G ratio of 2.06 and a beta of 1.61. WEX Inc. has a 1 year low of $146.03 and a 1 year high of $244.04.

WEX (NYSE:WEX) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.16. WEX had a return on equity of 32.35% and a net margin of 11.78%. On average, equities research analysts forecast that WEX Inc. will post 14.09 EPS for the current fiscal year.

WEX Company 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.