WBI (NYSE:WBI) Major Shareholder Wbr Holdings Llc Sells 5,894,826 Shares

WBI (NYSE:WBI) major shareholder Wbr Holdings 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 transaction of $177,139,521.30. Following the sale, the insider directly owned 1,980,921 shares of the company’s stock, valued at approximately $59,526,676.05. The trade was a 74.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

WBI Price Performance

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

WBI Dividend Announcement

The business also recently disclosed 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. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 4th. WBI’s payout ratio is currently 80.00%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on WBI shares. 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. Morgan Stanley upped their price target on WBI from $34.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. UBS Group set a $33.00 price target on WBI in a research report on Monday, March 16th. Barclays raised 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. Finally, Weiss Ratings raised shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.20.

WBI Company Profile

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