WBI (NYSE:WBI) Director Sells $177,139,521.30 in Stock

WBI (NYSE:WBI) Director David Capobianco sold 5,894,826 shares of the business’s stock in a transaction dated 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 director owned 1,980,921 shares of the company’s stock, valued at $59,526,676.05. This represents a 74.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

WBI Stock Performance

WBI stock opened at $28.22 on Thursday. WBI has a one year low of $18.64 and a one year high of $36.21. The stock has a market capitalization of $3.48 billion and a price-to-earnings ratio of 112.87. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.79. The firm’s 50-day moving average price is $29.45.

WBI Dividend Announcement

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

Analyst Upgrades and Downgrades

WBI has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Morgan Stanley upped their price target on WBI from $34.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. The Goldman Sachs Group increased their price objective on WBI from $32.00 to $36.00 and gave the company a “buy” rating in a report on Friday, May 29th. Barclays raised their price objective on WBI from $29.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Finally, UBS Group set a $33.00 target price on WBI in a research note on Monday, March 16th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, WBI currently has a consensus rating of “Moderate Buy” and an average price target of $33.20.

About WBI

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