WBI (NYSE:WBI) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of WBI (NYSE:WBI) from a hold rating to a sell rating in a research note released on Saturday morning.

A number of other analysts have also issued reports on WBI. Weiss Ratings raised WBI from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Morgan Stanley raised their price objective on WBI from $38.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Wells Fargo & Company upped their target price on shares of WBI from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday. The Goldman Sachs Group raised their price target on shares of WBI from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Finally, Barclays boosted their price target on shares of WBI from $29.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.60.

WBI Trading Up 0.1%

Shares of WBI stock opened at $31.76 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.88. WBI has a twelve month low of $18.64 and a twelve month high of $36.89. The firm has a market capitalization of $3.92 billion and a PE ratio of 397.00. The firm’s 50-day moving average price is $32.63 and its 200 day moving average price is $28.77.

WBI (NYSE:WBI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.10 EPS for the quarter. WBI had a return on equity of 0.85% and a net margin of 0.54%.The company had revenue of $217.77 million during the quarter. On average, sell-side analysts predict that WBI will post 0.46 EPS for the current fiscal year.

WBI Dividend Announcement

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 dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 27th. WBI’s payout ratio is presently 250.00%.

Insiders Place Their Bets

In other WBI news, major shareholder Energy Corp/De Devon sold 1,755,174 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $30.05, for a total transaction of $52,742,978.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David N. Capobianco sold 5,894,826 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $30.05, for a total value of $177,139,521.30. Following the sale, the director directly owned 1,980,921 shares of the company’s stock, valued at approximately $59,526,676.05. This trade represents a 74.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 19,439,652 shares of company stock valued at $584,161,543. Insiders own 50.61% of the company’s stock.

WBI Company Profile

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