Wall Street Zen Upgrades WBI (NYSE:WBI) to Hold

WBI (NYSE:WBI) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

A number of other analysts also recently issued reports on the stock. UBS Group set a $33.00 target price on shares of WBI in a research report on Monday, March 16th. Weiss Ratings raised WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. The Goldman Sachs Group upped their price target on shares of WBI from $32.00 to $36.00 and gave the company a “buy” rating in a report on Friday, May 29th. Barclays lifted their target price on WBI from $29.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Finally, Morgan Stanley lifted their price target on shares of WBI from $34.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, WBI currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.20.

WBI Stock Down 2.4%

Shares of NYSE:WBI traded down $0.82 during midday trading on Friday, reaching $33.72. The company’s stock had a trading volume of 667,266 shares, compared to its average volume of 2,335,265. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $4.16 billion and a price-to-earnings ratio of 134.88. The company’s 50 day moving average is $30.69. WBI has a 1 year low of $18.64 and a 1 year high of $36.21.

WBI (NYSE:WBI) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.08 EPS for the quarter. The company had revenue of $200.98 million for the quarter. Sell-side analysts anticipate that WBI will post 0.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director David N. Capobianco sold 5,894,826 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 1,980,921 shares in the company, valued at $59,526,676.05. This trade represents a 74.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Energy Corp/De Devon sold 1,755,174 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 value of $52,742,978.70. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 19,439,652 shares of company stock worth $584,161,543. 50.61% of the stock is owned by company insiders.

WBI Company Profile

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