WBI (NYSE:WBI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of WBI (NYSE:WBI) from a sell rating to a hold rating in a research note released on Sunday.

Other equities research analysts also recently issued reports about the stock. Barclays upped their price objective on shares of WBI from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Raymond James Financial reissued a “strong-buy” rating and set a $40.00 target price on shares of WBI in a research report on Tuesday, August 18th. Morgan Stanley boosted their target price on WBI from $38.00 to $43.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. assumed coverage on WBI in a report on Tuesday, August 18th. They issued an “overweight” rating and a $38.00 target price for the company. Finally, Wells Fargo & Company increased their price target on WBI from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $36.71.

WBI Price Performance

Shares of NYSE:WBI opened at $31.82 on Friday. 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 stock has a market cap of $3.93 billion and a PE ratio of 397.75. The stock’s fifty day simple moving average is $32.72 and its two-hundred day simple moving average is $29.18. WBI has a 1-year low of $18.64 and a 1-year high of $36.89.

WBI (NYSE:WBI) last posted its earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter. The firm 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%. As a group, analysts forecast that WBI will post 0.45 EPS for the current fiscal year.

WBI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, August 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.6%. WBI’s dividend payout ratio is presently 250.00%.

Insider Transactions at WBI

In related news, major shareholder Waterbridge Resources Llc 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 value of $177,139,521.30. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Wbr Holdings Llc sold 5,894,826 shares of the company’s stock in a transaction dated 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 approximately $59,526,676.05. This trade represents a 74.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 19,439,652 shares of company stock worth $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.