WBI (NYSE:WBI) Receives $33.20 Consensus PT from Analysts

WBI (NYSE:WBI) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $33.20.

Several analysts recently issued reports on the company. Barclays increased 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. Wall Street Zen upgraded WBI from a “sell” rating to a “hold” rating in a research note on Sunday. Morgan Stanley increased their price objective on shares of WBI from $34.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. The Goldman Sachs Group increased their price objective on shares of WBI from $32.00 to $36.00 and gave the company a “buy” rating in a report on Friday, May 29th. Finally, Weiss Ratings upgraded shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th.

WBI Stock Performance

Shares of WBI stock opened at $35.95 on Friday. WBI has a 52-week low of $18.64 and a 52-week high of $36.21. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market cap of $4.44 billion and a price-to-earnings ratio of 143.78. The business has a fifty day simple moving average of $30.89.

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

WBI Announces Dividend

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

Insider Activity at WBI

In other news, Director David N. Capobianco sold 5,894,826 shares of WBI stock in a transaction dated 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 sale, the director directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Waterbridge Resources Llc sold 5,894,826 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider owned 1,980,921 shares in the company, valued at $59,526,676.05. This represents a 74.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 19,439,652 shares of company stock worth $584,161,543 over the last 90 days. 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.