WBI (NYSE:WBI) Director David Capobianco Sells 5,894,826 Shares

WBI (NYSE:WBI) Director David Capobianco sold 5,894,826 shares of the company’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 transaction, the director 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website.

WBI Trading Down 9.5%

Shares of WBI stock opened at $30.04 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.30. WBI has a twelve month low of $18.64 and a twelve month high of $36.21. The stock has a market cap of $3.71 billion and a price-to-earnings ratio of 120.14. The company has a 50-day moving average of $29.35.

WBI Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WBI shares. Barclays lifted their price target on WBI from $29.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Wells Fargo & Company increased their price objective on WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th. The Goldman Sachs Group raised 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. Wall Street Zen raised shares of WBI from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, UBS Group set a $33.00 target price on shares of WBI in a report on Monday, March 16th. Three equities research 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, WBI presently has a consensus rating of “Moderate Buy” and a consensus 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.