WBI (NYSE:WBI) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of WBI (NYSE:WBI) have earned an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $36.7143.

Several brokerages have commented on WBI. Wall Street Zen raised WBI from a “sell” rating to a “hold” rating in a report on Sunday, August 23rd. The Goldman Sachs Group raised their price objective on WBI from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. assumed coverage on WBI in a research note on Tuesday, August 18th. They issued an “overweight” rating and a $38.00 price objective on the stock. Morgan Stanley lifted their price objective on WBI from $38.00 to $43.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Finally, Wells Fargo & Company upped their target price on WBI from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, August 14th.

Insider Activity

In related news, major shareholder Waterbridge Resources Llc sold 5,894,826 shares of WBI stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $30.05, for a total transaction of $177,139,521.30. Following the completion of the transaction, the insider owned 1,980,921 shares of the company’s stock, valued at $59,526,676.05. This trade represents a 74.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Wbr Holdings Llc sold 5,894,826 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $30.05, for a total transaction of $177,139,521.30. Following the completion of the transaction, the insider owned 1,980,921 shares in the company, valued at approximately $59,526,676.05. The trade was a 74.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 19,439,652 shares of company stock valued at $584,161,543. Company insiders own 50.61% of the company’s stock.

WBI Price Performance

WBI stock opened at $32.21 on Friday. The company has a market capitalization of $3.98 billion and a P/E ratio of 402.62. The company has a fifty day moving average price of $33.01 and a 200-day moving average price of $29.60. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.54 and a current ratio of 1.54. WBI has a 52-week low of $18.64 and a 52-week high of $36.89.

WBI (NYSE:WBI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.10 earnings per share for the quarter. The company had revenue of $217.77 million for the quarter. WBI had a net margin of 0.54% and a return on equity of 0.85%. As a group, equities analysts expect that WBI will post 0.45 EPS for the current year.

WBI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be given a $0.05 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. WBI’s payout ratio is 250.00%.

WBI Company Profile

WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.