Mutual of America Capital Management LLC Has $5.26 Million Stock Position in WEX Inc. (NYSE:WEX)

Mutual of America Capital Management LLC trimmed its stake in shares of WEX Inc. (NYSE:WEXFree Report) by 10.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,947 shares of the business services provider’s stock after selling 3,234 shares during the quarter. Mutual of America Capital Management LLC owned about 0.07% of WEX worth $5,257,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of WEX by 3.2% in the first quarter. Vanguard Group Inc. now owns 4,196,239 shares of the business services provider’s stock valued at $748,819,000 after acquiring an additional 131,664 shares during the period. BlackRock Inc. boosted its position in shares of WEX by 1.2% in the first quarter. BlackRock Inc. now owns 4,107,306 shares of the business services provider’s stock valued at $732,950,000 after acquiring an additional 49,480 shares during the period. Wellington Management Group LLP boosted its position in shares of WEX by 4.2% in the first quarter. Wellington Management Group LLP now owns 4,101,566 shares of the business services provider’s stock valued at $731,925,000 after acquiring an additional 164,902 shares during the period. Morgan Stanley boosted its position in shares of WEX by 342.4% in the fourth quarter. Morgan Stanley now owns 2,059,893 shares of the business services provider’s stock valued at $337,102,000 after acquiring an additional 1,594,294 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of WEX by 3.0% in the first quarter. JPMorgan Chase & Co. now owns 1,336,884 shares of the business services provider’s stock valued at $245,840,000 after acquiring an additional 39,312 shares during the period. Institutional investors own 97.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WEX shares. Truist Financial boosted their target price on shares of WEX from $185.00 to $220.00 and gave the company a “hold” rating in a research report on Friday. Wolfe Research raised shares of WEX from a “peer perform” rating to an “outperform” rating and set a $240.00 price objective for the company in a research report on Tuesday, October 17th. Morgan Stanley cut their price objective on shares of WEX from $205.00 to $200.00 and set an “equal weight” rating for the company in a research report on Friday, October 27th. JPMorgan Chase & Co. lifted their price objective on shares of WEX from $205.00 to $239.00 and gave the company a “neutral” rating in a research note on Friday. Finally, StockNews.com raised shares of WEX from a “hold” rating to a “buy” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, WEX has a consensus rating of “Moderate Buy” and an average target price of $223.75.

Read Our Latest Stock Analysis on WEX

WEX Stock Performance

Shares of WEX stock opened at $212.14 on Monday. WEX Inc. has a fifty-two week low of $161.95 and a fifty-two week high of $213.61. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.05 and a quick ratio of 1.03. The firm has a market capitalization of $9.07 billion, a P/E ratio of 34.44, a P/E/G ratio of 1.27 and a beta of 1.60. The company’s 50 day moving average price is $196.04 and its two-hundred day moving average price is $189.75.

Insider Buying and Selling at WEX

In other WEX news, Director Jack Vanwoerkom sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $174.38, for a total value of $348,760.00. Following the sale, the director now owns 8,319 shares in the company, valued at $1,450,667.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Melissa D. Smith sold 41,107 shares of WEX stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $205.00, for a total transaction of $8,426,935.00. Following the transaction, the chief executive officer now owns 81,998 shares in the company, valued at $16,809,590. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jack Vanwoerkom sold 2,000 shares of WEX stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $174.38, for a total transaction of $348,760.00. Following the transaction, the director now owns 8,319 shares in the company, valued at approximately $1,450,667.22. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

About WEX

(Free Report)

WEX Inc operates a commerce platform in the United States and internationally. The Fleet Solutions segment offers fleet vehicle payment solutions, transaction processing, and information management services. It also provides account 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 tools to fleets to manage expenses and capital requirements.

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Institutional Ownership by Quarter for WEX (NYSE:WEX)

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