WBI (NYSE:WBI) Raised to “Hold” at Wall Street Zen

WBI (NYSE:WBI) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday.

Several other analysts also recently issued reports on WBI. Weiss Ratings upgraded WBI from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. JPMorgan Chase & Co. began coverage on shares of WBI in a report on Tuesday, August 18th. They set an “overweight” rating and a $38.00 price target for the company. The Goldman Sachs Group boosted their price objective on shares of WBI from $36.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Morgan Stanley upped their price objective on shares of WBI from $38.00 to $43.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Finally, Wells Fargo & Company raised their target price on WBI from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, WBI has an average rating of “Moderate Buy” and a consensus price target of $36.71.

WBI Price Performance

WBI stock opened at $31.58 on Friday. WBI has a 1 year low of $18.64 and a 1 year high of $36.89. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a 50 day moving average price of $32.73 and a 200 day moving average price of $29.11. The company has a market cap of $3.90 billion and a price-to-earnings ratio of 394.76.

WBI (NYSE:WBI) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share for the quarter. WBI had a net margin of 0.54% and a return on equity of 0.85%. The company had revenue of $217.77 million for the quarter. Sell-side analysts predict that WBI will post 0.45 earnings per share for the current year.

Insider Buying and Selling

In other news, Director David N. Capobianco sold 5,894,826 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was 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 in the company, valued at approximately $59,526,676.05. This represents a 74.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Wbr Holdings Llc sold 5,894,826 shares of the company’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 transaction, the insider owned 1,980,921 shares of the company’s stock, valued at approximately $59,526,676.05. The trade was a 74.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 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.

About WBI

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