WBI (NYSE:WBI) Given Average Rating of “Moderate Buy” by Brokerages

WBI (NYSE:WBI) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $33.20.

Several brokerages have recently issued reports on WBI. Barclays lifted their price target on WBI from $29.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Wells Fargo & Company upped their price objective on WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, March 13th. Wall Street Zen cut WBI from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Morgan Stanley lifted their target price on WBI from $34.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Finally, UBS Group set a $33.00 price target on shares of WBI in a research report on Monday, March 16th.

WBI Price Performance

WBI stock opened at $34.81 on Friday. The company has a 50 day moving average of $30.61. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $4.30 billion and a PE ratio of 139.25. WBI has a 12-month low of $18.64 and a 12-month high of $36.21.

WBI (NYSE:WBI) last announced its earnings results on Wednesday, May 6th. The company reported $0.08 EPS for the quarter. The firm had revenue of $200.98 million for the quarter. On average, analysts forecast that WBI will post 0.37 earnings per share for the current fiscal year.

WBI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.6%. WBI’s payout ratio is currently 80.00%.

Insider Buying and Selling at WBI

In related news, major shareholder Waterbridge Resources Llc sold 5,894,826 shares of the business’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 value of $177,139,521.30. Following the sale, the insider directly owned 1,980,921 shares in the company, valued at $59,526,676.05. The trade was a 74.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David N. Capobianco sold 5,894,826 shares of the 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 sale, the director directly owned 1,980,921 shares of the company’s stock, valued at approximately $59,526,676.05. This represents a 74.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 19,439,652 shares of company stock valued at $584,161,543 over the last quarter. Company 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.