WBI (NYSE:WBI) Price Target Raised to $43.00

WBI (NYSE:WBI) had its price objective boosted by Morgan Stanley from $38.00 to $43.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

A number of other equities analysts also recently commented on WBI. Weiss Ratings raised shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. The Goldman Sachs Group increased their price target on WBI from $36.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Wall Street Zen raised WBI from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Barclays upped 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. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.60.

WBI Price Performance

WBI stock opened at $31.64 on Wednesday. The company has a market cap of $3.91 billion and a price-to-earnings ratio of 395.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 1.54. The firm has a 50 day moving average price of $32.59 and a 200 day moving average price of $28.65. WBI has a 1 year low of $18.64 and a 1 year high of $36.89.

WBI (NYSE:WBI) last issued its earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share for the quarter. The business had revenue of $217.77 million for the quarter. WBI had a return on equity of 0.85% and a net margin of 0.54%. Sell-side analysts predict that WBI will post 0.46 earnings per share for the current year.

WBI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be given a $0.05 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.20 annualized dividend and a yield of 0.6%. WBI’s dividend payout ratio is 250.00%.

Insider Activity

In other news, major shareholder Wbr Holdings Llc sold 5,894,826 shares of WBI 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 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. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Energy Corp/De Devon sold 1,755,174 shares of WBI 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 $52,742,978.70. The SEC filing for this sale provides additional information. Insiders have sold a total of 19,439,652 shares of company stock worth $584,161,543 over the last ninety days. 50.61% of the stock is owned by company insiders.

About WBI

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