WBI (NYSE:WBI) Shares Gap Up – Still a Buy?

Shares of WBI (NYSE:WBI) gapped up before the market opened on Friday . The stock had previously closed at $32.72, but opened at $34.28. WBI shares last traded at $32.8850, with a volume of 6,343 shares traded.

Wall Street Analysts Forecast Growth

WBI has been the topic of several research analyst reports. Raymond James Financial restated a “strong-buy” rating and issued a $40.00 price objective on shares of WBI in a research note on Tuesday, August 18th. Barclays upped their target price on shares of WBI from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Morgan Stanley increased their price target on shares of WBI from $38.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. JPMorgan Chase & Co. assumed coverage on shares of WBI in a research report on Tuesday, August 18th. They issued an “overweight” rating and a $38.00 price target on the stock. Finally, Wells Fargo & Company boosted their price objective on shares of WBI from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.71.

WBI Stock Down 0.2%

The business has a 50 day moving average of $33.03 and a 200 day moving average of $29.85. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market capitalization of $4.03 billion and a price-to-earnings ratio of 408.69.

WBI (NYSE:WBI) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share for the quarter. The firm had revenue of $217.77 million for the quarter. WBI had a net margin of 0.54% and a return on equity of 0.85%. On average, equities analysts anticipate that WBI will post 0.31 EPS for the current year.

WBI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 27th. WBI’s dividend payout ratio (DPR) is presently 250.00%.

Insider Buying and Selling at WBI

In related news, Director David Capobianco sold 5,894,826 shares of the company’s 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 sale, the director 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Wbr Holdings Llc sold 5,894,826 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider 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 SEC filing for this sale provides additional information. Insiders have sold a total of 19,439,652 shares of company stock valued at $584,161,543 in the last 90 days. 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.