WBI (NYSE:WBI) Price Target Raised to $34.00

WBI (NYSE:WBI) had its price target hoisted by Barclays from $33.00 to $34.00 in a report published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Other analysts have also recently issued reports about the company. Morgan Stanley raised their price target on WBI from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Weiss Ratings raised WBI from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Wells Fargo & Company increased their price objective on WBI from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, August 14th. The Goldman Sachs Group increased their price objective on WBI from $36.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Finally, Wall Street Zen lowered WBI from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.71.

WBI Trading Down 2.5%

Shares of NYSE:WBI opened at $31.67 on Wednesday. WBI has a 52 week low of $18.64 and a 52 week high of $36.89. The company’s 50 day moving average is $32.74 and its two-hundred day moving average is $29.00. The company has a market cap of $3.91 billion and a PE ratio of 395.88. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.88.

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

WBI Dividend Announcement

The business also recently announced 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. This represents a $0.20 dividend on an annualized basis 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 250.00%.

Insider Activity at WBI

In related news, major shareholder Waterbridge Resources Llc sold 5,894,826 shares of WBI 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. This trade represents a 74.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 completion of the sale, the insider directly owned 1,980,921 shares of the company’s stock, valued at approximately $59,526,676.05. This trade represents a 74.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 19,439,652 shares of company stock valued at $584,161,543 over the last quarter. 50.61% of the stock is owned by insiders.

About WBI

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