WBI (NYSE:WBI) Hits New 12-Month High – Here’s What Happened

WBI (NYSE:WBI) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $30.81 and last traded at $30.7910, with a volume of 360083 shares changing hands. The stock had previously closed at $29.80.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on WBI shares. Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Wells Fargo & Company lifted their target price on shares of WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, March 13th. Morgan Stanley upgraded shares of WBI from an “equal weight” rating to an “overweight” rating and set a $34.00 target price on the stock in a research report on Wednesday, April 22nd. The Goldman Sachs Group upgraded shares of WBI from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Monday, April 20th. Finally, UBS Group set a $33.00 price target on shares of WBI in a research note on Monday, March 16th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, WBI has an average rating of “Hold” and an average price target of $31.25.

WBI Price Performance

The company has a quick ratio of 1.38, a current ratio of 1.30 and a debt-to-equity ratio of 0.79. The stock has a 50 day moving average price of $26.69. The stock has a market capitalization of $3.79 billion and a P/E ratio of 122.83.

WBI Announces Dividend

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

WBI Company Profile

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