Key Points
- Director David Capobianco sold 5,894,826 shares of WBI on June 22 at an average price of $30.05, totaling about $177.1 million. After the sale, he still owned 1,980,921 shares, representing a 74.85% reduction in his position.
- WBI shares recently traded around $30.04, giving the company a market cap of about $3.71 billion. The stock has ranged from a 52-week low of $18.64 to a high of $36.21.
- The company paid a quarterly dividend of $0.05 per share, or $0.20 annualized, for a 0.7% yield. Analysts currently view the stock as a Moderate Buy with an average price target of $33.20.
WBI (NYSE:WBI - Get Free Report) Director David Capobianco sold 5,894,826 shares of the stock in a transaction that occurred 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 director 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
WBI Price Performance
Shares of NYSE WBI opened at $30.04 on Tuesday. The firm has a market cap of $3.71 billion and a P/E ratio of 120.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.30. The business's 50 day moving average price is $29.35. WBI has a 1 year low of $18.64 and a 1 year high of $36.21.
WBI Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, June 4th. WBI's dividend payout ratio is presently 80.00%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the company. Wells Fargo & Company lifted their target price on WBI from $25.00 to $26.00 and gave the company an "equal weight" rating in a research report on Friday, March 13th. Weiss Ratings raised WBI from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, May 18th. Barclays boosted their price objective on shares of WBI from $29.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, May 21st. The Goldman Sachs Group increased their target price on shares of WBI from $32.00 to $36.00 and gave the stock a "buy" rating in a research note on Friday, May 29th. Finally, Wall Street Zen upgraded shares of WBI from a "sell" rating to a "hold" rating in a research report on Saturday, March 21st. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $33.20.
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About WBI
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WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.
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