WBI (NYSE:WBI) Major Shareholder Sells $177,139,521.30 in Stock

WBI (NYSE:WBI) major shareholder Wbr Holdings Llc 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 value of $177,139,521.30. Following the transaction, the insider owned 1,980,921 shares of the company’s stock, valued at $59,526,676.05. This represents a 74.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

WBI Price Performance

NYSE:WBI opened at $28.22 on Thursday. The company has a market cap of $3.48 billion and a P/E ratio of 112.87. WBI has a 1 year low of $18.64 and a 1 year high of $36.21. The business has a 50 day moving average price of $29.45. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.79.

WBI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. WBI’s dividend payout ratio (DPR) is 80.00%.

Analysts Set New Price Targets

WBI has been the topic of a number of recent research reports. Barclays upped their price target on shares of WBI from $29.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. The Goldman Sachs Group lifted their price objective on shares of WBI from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. UBS Group set a $33.00 target price on shares of WBI in a report on Monday, March 16th. Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Wells Fargo & Company increased their price target on shares of WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $33.20.

WBI Company Profile

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