KBC Group NV Has $320,000 Position in WEX Inc. (NYSE:WEX)

KBC Group NV lifted its stake in shares of WEX Inc. (NYSE:WEX) by 53.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,825 shares of the business services provider’s stock after buying an additional 638 shares during the quarter. KBC Group NV’s holdings in WEX were worth $320,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WEX. Janus Henderson Group PLC increased its position in shares of WEX by 0.6% in the third 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 increased its holdings in WEX by 8.8% in the 3rd quarter. FMR LLC now owns 1,555,507 shares of the business services provider’s stock valued at $326,237,000 after buying an additional 125,262 shares during the period. State Street Corp raised its position in shares of WEX by 0.3% in the 3rd 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 in the last quarter. River Road Asset Management LLC lifted its holdings in shares of WEX by 5.0% during the 3rd quarter. River Road Asset Management LLC now owns 720,465 shares of the business services provider’s stock worth $151,103,000 after acquiring an additional 34,264 shares during the period. Finally, Loomis Sayles & Co. L P boosted its position in shares of WEX by 5.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 308,065 shares of the business services provider’s stock worth $64,611,000 after acquiring an additional 16,739 shares in the last quarter. 97.47% of the stock is owned by institutional investors and hedge funds.

WEX Trading Down 1.0 %

WEX opened at $182.14 on Tuesday. The stock has a market cap of $7.25 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 1.50 and a beta of 1.58. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.87. WEX Inc. has a twelve month low of $165.51 and a twelve month high of $244.04. The company has a fifty day moving average of $179.18 and a 200-day moving average of $186.23.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Barclays restated an “equal weight” rating and set a $200.00 target price (down from $207.00) on shares of WEX in a research note on Tuesday, December 17th. Robert W. Baird reduced their price objective on WEX from $285.00 to $230.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Wolfe Research downgraded WEX from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods reduced their price target on shares of WEX from $247.00 to $220.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Finally, Jefferies Financial Group increased their price objective on shares of WEX from $180.00 to $190.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $217.73.

Insider Transactions at WEX

In related news, COO Robert Joseph Deshaies sold 175 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $189.44, for a total transaction of $33,152.00. Following the transaction, the chief operating officer now directly owns 7,582 shares of the company’s stock, valued at $1,436,334.08. This represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

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.