Lone Peak Global Investors LLC Has $17.93 Million Holdings in WEX Inc. $WEX

Lone Peak Global Investors LLC increased its position in WEX Inc. (NYSE:WEX) by 37.7% in the second quarter, HoldingsChannel reports. The firm owned 127,062 shares of the business services provider’s stock after acquiring an additional 34,805 shares during the period. WEX accounts for about 2.5% of Lone Peak Global Investors LLC’s investment portfolio, making the stock its 23rd biggest holding. Lone Peak Global Investors LLC’s holdings in WEX were worth $17,927,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WEX. Los Angeles Capital Management LLC purchased a new stake in shares of WEX in the fourth quarter valued at $25,000. Global Retirement Partners LLC purchased a new position in shares of WEX during the second quarter valued at $26,000. Caitong International Asset Management Co. Ltd raised its position in WEX by 368.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 220 shares of the business services provider’s stock valued at $35,000 after buying an additional 173 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in WEX in the 2nd quarter worth about $41,000. Finally, Root Financial Partners LLC lifted its stake in WEX by 255.0% in the 1st quarter. Root Financial Partners LLC now owns 355 shares of the business services provider’s stock worth $54,000 after acquiring an additional 255 shares in the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

WEX Stock Down 0.9%

WEX opened at $188.80 on Wednesday. The company has a market capitalization of $6.43 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 0.99 and a beta of 0.83. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.04 and a quick ratio of 1.04. WEX Inc. has a fifty-two week low of $125.29 and a fifty-two week high of $203.99. The business has a 50-day moving average of $173.67 and a 200-day moving average of $159.28.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, beating the consensus estimate of $5.08 by $0.27. WEX had a return on equity of 43.19% and a net margin of 12.56%.The business had revenue of $753.50 million during the quarter, compared to analysts’ expectations of $740.72 million. During the same quarter in the previous year, the business posted $3.95 EPS. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. Equities research analysts forecast that WEX Inc. will post 17.11 EPS for the current fiscal year.

WEX declared that its Board of Directors has approved a share buyback plan on Thursday, May 14th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 21.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their target price on WEX from $180.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Evercore upgraded shares of WEX to an “outperform” rating in a report on Tuesday, July 21st. Keefe, Bruyette & Woods boosted their price objective on shares of WEX from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Cantor Fitzgerald set a $178.00 price objective on shares of WEX in a research note on Monday, July 27th. Finally, Weiss Ratings upgraded shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $183.30.

Insider Buying and Selling at WEX

In other news, CAO Jennifer Kimball sold 1,183 shares of the firm’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $176.55, for a total transaction of $208,858.65. Following the transaction, the chief accounting officer owned 4,916 shares in the company, valued at approximately $867,919.80. This trade represents a 19.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Carlos Carriedo sold 1,075 shares of WEX stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $186.00, for a total transaction of $199,950.00. Following the completion of the sale, the chief operating officer directly owned 11,076 shares of the company’s stock, valued at approximately $2,060,136. The trade was a 8.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 8,658 shares of company stock worth $1,489,027. Company insiders own 1.40% of the company’s stock.

WEX Company Profile

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.