WBI (NYSE:WBI) Rating Lowered to Sell at Wall Street Zen

WBI (NYSE:WBI) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Other analysts also recently issued reports about the stock. Weiss Ratings upgraded shares of WBI from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. The Goldman Sachs Group boosted their price objective on shares of WBI from $36.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Barclays increased their target price on shares of WBI from $29.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Morgan Stanley lifted their price target on shares of WBI from $38.00 to $43.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Finally, Wells Fargo & Company boosted their price target on shares of WBI from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $35.60.

WBI Trading Down 0.3%

WBI stock opened at $31.64 on Friday. The company has a market cap of $3.91 billion and a P/E ratio of 395.49. WBI has a twelve month low of $18.64 and a twelve month high of $36.89. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.88. The business has a fifty day moving average of $32.59 and a 200-day moving average of $28.70.

WBI (NYSE:WBI) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share (EPS) 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%. As a group, equities research analysts expect that WBI will post 0.46 EPS for the current year.

Insiders Place Their Bets

In other WBI news, 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 transaction of $177,139,521.30. Following the sale, the insider directly owned 1,980,921 shares in the company, valued at approximately $59,526,676.05. This trade represents a 74.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David N. Capobianco sold 5,894,826 shares of the firm’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 sale, the director owned 1,980,921 shares in the company, valued at $59,526,676.05. This trade represents a 74.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 19,439,652 shares of company stock worth $584,161,543. Company 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.