WBI (NYSE:WBI) Director Sells 5,894,826 Shares

WBI (NYSE:WBI – Get Free Report) Director David Capobianco sold 5,894,826 shares of the firm’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 sale, the director directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link.

WBI Stock Down 9.5%

NYSE:WBI traded down $3.15 on Monday, reaching $30.04. 4,436,400 shares of the company’s stock were exchanged, compared to its average volume of 1,530,086. WBI has a 52-week low of $18.64 and a 52-week high of $36.21. The business has a fifty day simple moving average of $29.35. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.30.

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WBI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. WBI’s payout ratio is currently 80.00%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WBI. Wells Fargo & Company boosted their target price on shares of WBI from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, March 13th. Morgan Stanley raised their target price on WBI from $34.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Barclays boosted their price objective on shares of 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 raised WBI from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Weiss Ratings raised WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $33.20.

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WBI Company Profile

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

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