Dockside LLC Invests $603,000 in WEX Inc. $WEX

Dockside LLC bought a new position in shares of WEX Inc. (NYSE:WEX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,276 shares of the business services provider’s stock, valued at approximately $603,000.

Other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in shares of WEX by 1.1% during the 1st quarter. Janus Henderson Group PLC now owns 3,916,073 shares of the business services provider’s stock valued at $599,313,000 after acquiring an additional 44,031 shares in the last quarter. Par Capital Management Inc. lifted its stake in shares of WEX by 21.6% during the fourth quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock worth $335,503,000 after purchasing an additional 400,500 shares in the last quarter. Boston Partners boosted its position 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 buying an additional 174,079 shares during the period. AQR Capital Management LLC grew its stake 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 valued at $132,563,000 after buying an additional 790,271 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of WEX by 8.6% during the 3rd quarter. Bank of America Corp DE now owns 879,033 shares of the business services provider’s stock valued at $138,474,000 after buying an additional 69,375 shares during the period. Hedge funds and other institutional investors own 97.47% of the company’s stock.

Insider Buying and Selling

In related news, insider Ann Elena Drew sold 3,400 shares of WEX stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $176.02, for a total value of $598,468.00. Following the completion of the transaction, the insider directly owned 7,988 shares in the company, valued at approximately $1,406,047.76. This trade represents a 29.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jennifer Kimball sold 1,183 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $176.55, for a total value of $208,858.65. Following the completion of the sale, the chief accounting officer directly owned 4,916 shares of the company’s stock, valued at approximately $867,919.80. This represents a 19.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 9,858 shares of company stock worth $1,662,835. 1.40% of the stock is currently owned by insiders.

WEX Stock Performance

WEX stock opened at $191.62 on Friday. The stock has a market cap of $6.53 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 1.04 and a beta of 0.82. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.62. The stock has a 50 day moving average of $158.88 and a 200-day moving average of $155.92. WEX Inc. has a 52 week low of $125.29 and a 52 week high of $199.69.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.08 by $0.27. The business had revenue of $753.50 million during the quarter, compared to analyst estimates of $740.72 million. WEX had a net margin of 12.56% and a return on equity of 43.19%. The business’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.95 earnings per share. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS. On average, analysts expect that WEX Inc. will post 17.12 EPS for the current fiscal year.

WEX announced that its Board of Directors has authorized a share buyback plan on Thursday, May 14th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to purchase up to 21.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

WEX has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on WEX from $180.00 to $160.00 and set a “hold” rating for the company in a report on Friday, June 12th. Wall Street Zen lowered shares of WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Robert W. Baird lifted their price target on shares of WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Morgan Stanley boosted their price objective on shares of WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Finally, Cantor Fitzgerald set a $178.00 target price on WEX in a research note on Monday, July 27th. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $183.30.

WEX 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.