WBI (NYSE:WBI) Stock Rating Lowered by Wall Street Zen

WBI (NYSE:WBI) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

WBI has been the subject of several other reports. Barclays upped their price objective on WBI from $29.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Weiss Ratings raised WBI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 18th. UBS Group set a $33.00 price target on WBI in a report on Monday, March 16th. Wells Fargo & Company increased their price objective on WBI from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. Finally, The Goldman Sachs Group raised their target price on WBI from $32.00 to $36.00 and gave the company a “buy” rating in a report on Friday, May 29th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.20.

WBI Price Performance

NYSE WBI opened at $31.15 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.79. WBI has a 1 year low of $18.64 and a 1 year high of $36.21. The firm has a market capitalization of $3.85 billion and a P/E ratio of 124.59. The company has a fifty day moving average of $30.20.

WBI (NYSE:WBI) last posted its earnings results on Wednesday, May 6th. The company reported $0.08 EPS for the quarter. The firm had revenue of $200.98 million for the quarter. On average, research analysts expect that WBI will post 0.37 earnings per share for the current year.

Insider Activity at WBI

In other news, major shareholder Wbr Holdings Llc sold 5,894,826 shares of the business’s stock in a transaction that occurred on 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 sale, the insider owned 1,980,921 shares of the company’s stock, valued at $59,526,676.05. The trade was a 74.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David N. Capobianco sold 5,894,826 shares of the business’s stock in a transaction that occurred on 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 director 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 SEC filing for this sale provides additional information. In the last ninety days, insiders sold 19,439,652 shares of company stock valued at $584,161,543. 50.61% of the stock is currently owned by corporate insiders.

WBI Company Profile

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