CHICAGO TRUST Co NA Sells 435 Shares of WEX Inc. (NYSE:WEX)

CHICAGO TRUST Co NA reduced its stake in WEX Inc. (NYSE:WEX) by 27.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,130 shares of the business services provider’s stock after selling 435 shares during the period. CHICAGO TRUST Co NA’s holdings in WEX were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Wellington Management Group LLP grew its position in WEX by 6.1% in the fourth quarter. Wellington Management Group LLP now owns 3,122,500 shares of the business services provider’s stock valued at $607,482,000 after acquiring an additional 179,813 shares during the period. Fisher Asset Management LLC increased its position in shares of WEX by 3.8% during the 4th quarter. Fisher Asset Management LLC now owns 17,178 shares of the business services provider’s stock worth $3,342,000 after purchasing an additional 633 shares in the last quarter. Vanguard Group Inc. lifted its holdings in WEX by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 4,199,017 shares of the business services provider’s stock valued at $816,919,000 after purchasing an additional 67,893 shares during the last quarter. Rise Advisors LLC acquired a new position in WEX in the first quarter valued at about $29,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of WEX by 96.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,596 shares of the business services provider’s stock worth $1,804,000 after buying an additional 3,722 shares in the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of WEX from $210.00 to $200.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Keefe, Bruyette & Woods lowered their price target on shares of WEX from $275.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, July 8th. William Blair raised WEX to a “strong-buy” rating in a report on Friday, July 26th. Finally, Wells Fargo & Company lowered their target price on WEX from $200.00 to $190.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, WEX has an average rating of “Moderate Buy” and a consensus target price of $239.58.

Insider Transactions at WEX

In related news, insider Ann Elena Drew sold 1,182 shares of WEX stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $172.73, for a total value of $204,166.86. Following the sale, the insider now owns 5,584 shares of the company’s stock, valued at approximately $964,524.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Jagtar Narula sold 508 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $200.00, for a total value of $101,600.00. Following the completion of the transaction, the chief financial officer now owns 7,120 shares of the company’s stock, valued at approximately $1,424,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ann Elena Drew sold 1,182 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $172.73, for a total transaction of $204,166.86. Following the transaction, the insider now owns 5,584 shares of the company’s stock, valued at approximately $964,524.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,905 shares of company stock valued at $895,107 over the last three months. Company insiders own 1.10% of the company’s stock.

WEX Stock Up 0.4 %

WEX stock opened at $214.58 on Tuesday. WEX Inc. has a fifty-two week low of $161.95 and a fifty-two week high of $244.04. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 1.25 and a beta of 1.55. The company’s 50 day simple moving average is $193.94 and its 200 day simple moving average is $196.06.

WEX (NYSE:WEX) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.09. WEX had a net margin of 9.32% and a return on equity of 31.05%. The company had revenue of $673.50 million during the quarter, compared to analyst estimates of $677.44 million. As a group, sell-side analysts anticipate that WEX Inc. will post 13.75 EPS for the current year.

About WEX

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.