China and US agree to extend trade tariff truce, says Li
Melanie J. Tinto, Chief People Officer at WEX Inc. (NYSE:WEX), recently sold shares of the company's common stock. According to a filing with the Securities and Exchange Commission, Tinto sold a total of 3,243 shares on February 11, 2025, at a price of $152.65 per share. The transaction amounted to a total value of $495,043. The sale comes as WEX shares trade near $155, down 28% over the past year. InvestingPro analysis indicates the stock is currently trading below its Fair Value.
Following this sale, Tinto retains ownership of 5,218 shares of WEX Inc. The sale was conducted as a direct transaction, indicating Tinto's direct involvement in the disposal of the shares. The company maintains strong fundamentals with a gross profit margin of 72% and is expected to deliver earnings of $14.70 per share in fiscal year 2025, according to InvestingPro data, which offers 10 additional investment tips for WEX.
WEX Inc., headquartered in South Portland, Maine, is a provider of business services and operates in the trade and services sector. With a market capitalization of $6.2 billion and annual revenue of $2.6 billion, the company has maintained profitability over the last twelve months. The transaction was signed off by Matthew Finkelstein, acting as attorney-in-fact for Melanie J. Tinto.
In other recent news, WEX Inc. has been the subject of several analyst revisions following its fourth-quarter earnings report. Mizuho (NYSE:MFG) Securities adjusted its price target for WEX from $215.00 to $170.00, maintaining an Outperform rating despite recalibrated long-term growth expectations. Keefe, Bruyette & Woods also reduced their price target from $220.00 to $200.00, keeping an Outperform rating, following the release of WEX's fourth-quarter results, which prompted revised earnings per share (EPS) estimates for 2025 and 2026.
William Blair downgraded WEX from Outperform to Market Perform, citing concerns about the company's competitive edge and capital allocation strategies. In contrast, Raymond (NSE:RYMD) James maintained its Market Perform rating for WEX following the release of its fourth-quarter financial results, which aligned with analysts' predictions for both revenue and adjusted EPS.
Lastly, BofA Securities downgraded WEX from Buy to Neutral and significantly reduced the price target to $164 from the previous $211, following WEX's fourth-quarter earnings report. These recent developments illustrate the changing landscape for WEX as it navigates through recalibrated growth expectations and analyst revisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.