WBI (NYSE:WBI) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of WBI (NYSE:WBI) have been assigned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $34.20.

Several research analysts have recently weighed in on WBI shares. Weiss Ratings upgraded 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 upped their price objective on WBI from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Morgan Stanley raised 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. Barclays lifted their target price on WBI from $29.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Finally, Wall Street Zen raised WBI from a “sell” rating to a “hold” rating in a report on Sunday, July 12th.

WBI Stock Down 1.2%

Shares of NYSE:WBI opened at $33.80 on Tuesday. 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 cap of $4.17 billion and a PE ratio of 135.19. The business has a 50 day simple moving average of $32.14. WBI has a twelve month low of $18.64 and a twelve month high of $36.89.

WBI (NYSE:WBI) last announced its earnings results on Wednesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $200.98 million for the quarter. Analysts expect that WBI will post 0.55 earnings per share for the current fiscal year.

WBI Announces Dividend

The business 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 dividend payout ratio (DPR) is 80.00%.

Insider Buying and Selling

In related news, Director David N. Capobianco sold 5,894,826 shares of the business’s 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 completion of the transaction, the director directly owned 1,980,921 shares in the company, valued at approximately $59,526,676.05. The trade was a 74.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Wbr Holdings 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 transaction, the insider 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 19,439,652 shares of company stock valued at $584,161,543 in the last 90 days. Corporate 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.