WBI (NYSE:WBI) Receives $34.20 Average Price Target from Analysts

Shares of WBI (NYSE:WBI) have received an average rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $34.20.

A number of 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 note on Thursday, May 21st. Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. The Goldman Sachs Group increased their price objective on shares of WBI from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Morgan Stanley raised their price objective on shares of WBI from $34.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Finally, Weiss Ratings raised shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th.

Insider Buying and Selling

In other news, major shareholder Wbr Holdings Llc sold 5,894,826 shares of WBI stock in a transaction dated 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 completion of the transaction, the insider owned 1,980,921 shares of the company’s stock, valued at $59,526,676.05. This trade represents a 74.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Waterbridge Resources Llc 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 transaction, the insider owned 1,980,921 shares of the company’s stock, valued at $59,526,676.05. The trade was a 74.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 19,439,652 shares of company stock worth $584,161,543 over the last 90 days. 50.61% of the stock is currently owned by insiders.

WBI Price Performance

WBI opened at $32.04 on Tuesday. The company has a fifty day moving average price of $32.40 and a two-hundred day moving average price of $28.33. The firm has a market capitalization of $3.96 billion and a PE ratio of 400.53. WBI has a 52 week low of $18.64 and a 52 week high of $36.89. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.30 and a current ratio of 1.30.

WBI (NYSE:WBI) last posted its earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $217.77 million during the quarter. WBI had a return on equity of 0.84% and a net margin of 0.54%. As a group, analysts anticipate that WBI will post 0.55 earnings per share for the current year.

WBI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.6%. WBI’s dividend payout ratio (DPR) is 80.00%.

About WBI

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