Janus Henderson Group PLC Acquires 6,960 Shares of WEX Inc. $WEX

Janus Henderson Group PLC grew its holdings in WEX Inc. (NYSE:WEX) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,872,042 shares of the business services provider’s stock after acquiring an additional 6,960 shares during the quarter. Janus Henderson Group PLC owned 11.29% of WEX worth $576,853,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in WEX by 0.4% during the third quarter. Vanguard Group Inc. now owns 3,262,255 shares of the business services provider’s stock worth $513,903,000 after purchasing an additional 12,099 shares during the period. Boston Partners lifted its holdings in shares of WEX by 13.7% in the fourth quarter. Boston Partners now owns 1,447,442 shares of the business services provider’s stock worth $215,955,000 after acquiring an additional 174,079 shares during the last quarter. Earnest Partners LLC lifted its holdings in shares of WEX by 1.1% in the third quarter. Earnest Partners LLC now owns 907,803 shares of the business services provider’s stock worth $143,006,000 after acquiring an additional 10,027 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of WEX by 794.0% in the fourth quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider’s stock worth $132,563,000 after acquiring an additional 790,271 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of WEX by 8.6% in the third quarter. Bank of America Corp DE now owns 879,033 shares of the business services provider’s stock worth $138,474,000 after acquiring an additional 69,375 shares during the last quarter. Institutional investors own 97.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on WEX shares. Raymond James Financial reissued a “market perform” rating on shares of WEX in a report on Friday, March 6th. Loop Capital started coverage on shares of WEX in a report on Monday, April 27th. They issued a “buy” rating and a $195.00 target price for the company. Morgan Stanley increased their target price on shares of WEX from $146.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. Robert W. Baird increased their target price on shares of WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on WEX from $180.00 to $160.00 and set a “hold” rating for the company in a research note on Friday, June 12th. Four equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $173.70.

Insider Transactions at WEX

In other news, COO Robert Joseph Deshaies sold 1,200 shares of WEX stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $144.84, for a total transaction of $173,808.00. Following the sale, the chief operating officer directly owned 22,288 shares in the company, valued at $3,228,193.92. The trade was a 5.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James R. Groch bought 1,500 shares of the stock in a transaction dated Monday, May 18th. The shares were acquired at an average price of $142.95 per share, for a total transaction of $214,425.00. Following the completion of the purchase, the director directly owned 17,957 shares in the company, valued at approximately $2,566,953.15. This trade represents a 9.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 8,200 shares of company stock worth $1,318,798 in the last ninety days. Company insiders own 1.40% of the company’s stock.

WEX Stock Down 3.5%

WEX stock opened at $126.73 on Thursday. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 0.82 and a beta of 0.85. WEX Inc. has a 52-week low of $125.63 and a 52-week high of $186.85. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a 50 day moving average price of $149.95 and a two-hundred day moving average price of $153.13.

WEX (NYSE:WEX) last announced its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.15 EPS for the quarter, topping the consensus estimate of $3.92 by $0.23. The company had revenue of $673.80 million during the quarter, compared to the consensus estimate of $660.96 million. WEX had a net margin of 11.50% and a return on equity of 42.66%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.51 EPS. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. Equities analysts predict that WEX Inc. will post 16.49 EPS for the current year.

WEX announced that its board has approved a share buyback program on Thursday, May 14th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to purchase up to 21.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

About WEX

WEX Inc is a global financial technology company specializing in business payment solutions for fleet, travel, and corporate payments. The company delivers software-driven platforms and card-based services that help businesses automate payment processes, manage expenses and improve operational efficiency across a range of industries, including transportation, healthcare and government.

Founded in 1983 as Wright Express in Portland, Maine, the company began by offering fuel card services to trucking fleets.