Wall Street Zen cut shares of WBI (NYSE:WBI – Free Report) from a hold rating to a sell rating in a report published on Saturday morning.
A number of other analysts also recently issued reports on the stock. Wells Fargo & Company lifted 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. The Goldman Sachs Group upped their price objective on WBI from $36.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Weiss Ratings upgraded shares of WBI from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. Morgan Stanley upped their price target on shares of WBI from $38.00 to $43.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Barclays raised their price objective on WBI from $29.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.60.
Get Our Latest Stock Analysis on WBI
WBI Stock Performance
WBI (NYSE:WBI – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share 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 during the quarter. Research analysts forecast that WBI will post 0.46 EPS for the current fiscal year.
WBI Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 27th. WBI’s dividend payout ratio (DPR) is currently 250.00%.
Insider Transactions at WBI
In other WBI news, major shareholder Wbr Holdings Llc sold 5,894,826 shares of WBI 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 insider directly owned 1,980,921 shares of the company’s stock, valued at approximately $59,526,676.05. The trade was a 74.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David N. Capobianco sold 5,894,826 shares of the company’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 completion of the sale, the director 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 19,439,652 shares of company stock valued at $584,161,543. Insiders own 50.61% of the company’s stock.
WBI Company Profile
WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.
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