Wall Street Zen upgraded shares of WBI (NYSE:WBI – Free Report) from a sell rating to a hold rating in a research report report published on Sunday morning.
Several other brokerages have also weighed in on WBI. Weiss Ratings raised WBI from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Morgan Stanley boosted their target price on WBI from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Barclays upped their price target on WBI from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Wells Fargo & Company increased their price target on WBI from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, August 14th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $40.00 price objective on shares of WBI in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, WBI presently has an average rating of “Moderate Buy” and an average target price of $36.71.
Read Our Latest Stock Report on WBI
WBI Stock Down 0.1%
WBI (NYSE:WBI – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.10 EPS for the quarter. The company 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%. As a group, equities analysts predict that WBI will post 0.45 EPS for the current year.
WBI Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.20 annualized dividend and a yield of 0.6%. WBI’s dividend payout ratio (DPR) is 250.00%.
Insider Buying and Selling at WBI
In other WBI news, Director David N. Capobianco sold 5,894,826 shares of the business’s stock in a transaction 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Wbr Holdings Llc sold 5,894,826 shares of the business’s stock in a transaction 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 $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 over the last 90 days. 50.61% of the stock is currently owned by corporate insiders.
WBI Company Profile
WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.
See Also
- Five stocks we like better than WBI
- VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?
- 3 Closed-End Funds to Maximize Dividend Payments
- Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy?
- $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over
Receive News & Ratings for WBI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WBI and related companies with MarketBeat.com's FREE daily email newsletter.
