Aurora Investment Counsel Acquires 391 Shares of WEX Inc. (NYSE:WEX)

Aurora Investment Counsel grew its holdings in WEX Inc. (NYSE:WEX) by 5.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,046 shares of the business services provider’s stock after buying an additional 391 shares during the period. Aurora Investment Counsel’s holdings in WEX were worth $1,235,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Natixis Advisors LLC grew its position in WEX by 300.4% in the third quarter. Natixis Advisors LLC now owns 68,539 shares of the business services provider’s stock worth $14,375,000 after acquiring an additional 51,423 shares in the last quarter. Fifth Third Bancorp increased its position in WEX by 1,635.8% during the fourth quarter. Fifth Third Bancorp now owns 8,783 shares of the business services provider’s stock valued at $1,540,000 after acquiring an additional 8,277 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of WEX by 25.3% in the 4th 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 last quarter. Atria Investments Inc boosted its stake in shares of WEX by 289.0% during the 3rd quarter. Atria Investments Inc now owns 6,528 shares of the business services provider’s stock worth $1,369,000 after purchasing an additional 4,850 shares during the period. Finally, KBC Group NV grew its holdings in WEX by 53.7% during the 4th quarter. KBC Group NV now owns 1,825 shares of the business services provider’s stock valued at $320,000 after purchasing an additional 638 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors.

WEX Trading Up 0.1 %

NYSE:WEX opened at $150.52 on Friday. The firm has a 50-day simple moving average of $167.62 and a 200-day simple moving average of $182.08. WEX Inc. has a one year low of $146.03 and a one year high of $244.04. The firm has a market cap of $5.84 billion, a P/E ratio of 20.07, a P/E/G ratio of 2.06 and a beta of 1.61. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.04 and a current ratio of 1.02.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.16. WEX had a net margin of 11.78% and a return on equity of 32.35%. Equities analysts anticipate that WEX Inc. will post 14.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. William Blair reaffirmed a “market perform” rating on shares of WEX in a research note on Thursday, February 6th. Bank of America downgraded WEX from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. Jefferies Financial Group increased their target price on WEX from $180.00 to $190.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Mizuho lowered their target price on shares of WEX from $215.00 to $170.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Finally, Barclays reduced their price target on shares of WEX from $200.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $195.73.

About WEX

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.