Mar 31, 2025

WEX Inc. (NYSE:WEX) Shares Sold by Thrivent Financial for Lutherans Posted by MarketBeat News on Mar 31st, 2025 Thrivent Financial for Lutherans lessened its stake in WEX Inc. ( NYSE:WEX – Free Report ) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,361 shares of the business services provider’s stock after selling 291 shares during the quarter. Thrivent Financial for Lutherans’ holdings in WEX were worth $1,641,000 at the end of the most recent reporting period. A number of other institutional investors have also recently added to or reduced their stakes in WEX. Fifth Third Bancorp increased its holdings in shares of WEX by 1,635.8% during the 4th quarter. Fifth Third Bancorp now owns 8,783 shares of the business services provider’s stock worth $1,540,000 after buying an additional 8,277 shares during the last quarter. Smartleaf Asset Management LLC grew its position in WEX by 25.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider’s stock worth $56,000 after acquiring an additional 66 shares during the period. KBC Group NV increased its stake in WEX by 53.7% during the fourth quarter. KBC Group NV now owns 1,825 shares of the business services provider’s stock worth $320,000 after acquiring an additional 638 shares during the last quarter. Jones Financial Companies Lllp raised its position in WEX by 108.4% in the fourth quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 129 shares during the period. Finally, Choreo LLC lifted its stake in shares of WEX by 33.7% in the 4th quarter. Choreo LLC now owns 2,373 shares of the business services provider’s stock valued at $405,000 after purchasing an additional 598 shares during the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock. Get WEX alerts: Analyst Ratings Changes WEX has been the subject of a number of recent analyst reports. Robert W. Baird set a $186.00 price objective on WEX in a research report on Tuesday, February 18th. Citigroup lowered shares of WEX from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $260.00 to $190.00 in a research note on Tuesday, January 14th. William Blair reissued a “market perform” rating on shares of WEX in a research note on Thursday, February 6th. Barclays lowered their price objective on shares of WEX from $200.00 to $155.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Finally, Jefferies Financial Group lifted their target price on shares of WEX from $180.00 to $190.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $187.80. Want More Great Investing Ideas? WEX Stock Performance Shares of WEX stock opened at $154.69 on Monday. The firm has a 50 day moving average of $162.27 and a two-hundred day moving average of $179.13. The stock has a market capitalization of $6.00 billion, a PE ratio of 20.62, a P/E/G ratio of 2.06 and a beta of 1.61. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 2.07. WEX Inc. has a 52 week low of $146.03 and a 52 week high of $244.04. WEX ( NYSE:WEX – Get Free Report ) last released its 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, research analysts predict that WEX Inc. will post 14.09 EPS for the current fiscal year. WEX 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. Further Reading