WBI (NYSE:WBI) Receives Average Rating of “Moderate Buy” from Brokerages

WBI (NYSE:WBIGet Free Report) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $36.7143.

Several research firms have recently weighed in on WBI. Morgan Stanley boosted their target price 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. Barclays raised their price target on WBI from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Weiss Ratings upgraded WBI from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Wall Street Zen upgraded WBI from a “sell” rating to a “hold” rating in a research note on Sunday, August 23rd. Finally, Wells Fargo & Company increased their target price on WBI from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, August 14th.

Check Out Our Latest Research Report on WBI

Insiders Place Their Bets

In other news, major shareholder Wbr Holdings Llc sold 5,894,826 shares of the business’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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Waterbridge Resources Llc sold 5,894,826 shares of the business’s stock in a transaction on 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. This trade represents a 74.85% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 19,439,652 shares of company stock worth $584,161,543. 50.61% of the stock is currently owned by corporate insiders.

WBI Price Performance

WBI opened at $32.35 on Friday. WBI has a twelve month low of $18.64 and a twelve month high of $36.89. The firm has a market cap of $3.99 billion and a price-to-earnings ratio of 404.32. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.88. The company has a fifty day simple moving average of $32.95 and a 200 day simple moving average of $29.53.

WBI (NYSE:WBIGet Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.10 EPS for the quarter. WBI had a return on equity of 0.85% and a net margin of 0.54%.The business had revenue of $217.77 million for the quarter. Equities research analysts expect that WBI will post 0.45 EPS for the current fiscal year.

WBI Announces Dividend

The company also recently disclosed 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 is Thursday, August 27th. This represents a $0.20 annualized dividend and a yield of 0.6%. WBI’s dividend payout ratio (DPR) is currently 250.00%.

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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Analyst Recommendations for WBI (NYSE:WBI)

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