WBI (NYSE:WBI) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

by · The Markets Daily

JPMorgan Chase & Co. assumed coverage on shares of WBI (NYSE:WBI – Free Report) in a report published on Tuesday morning, Marketbeat Ratings reports. The firm issued an overweight rating and a $38.00 price objective on the stock.

Several other analysts have also commented on the stock. The Goldman Sachs Group increased their price target on shares of WBI from $36.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Wells Fargo & Company lifted their price objective on WBI from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, August 14th. Weiss Ratings raised WBI from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Wall Street Zen lowered WBI from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Morgan Stanley increased their target price on WBI from $38.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.71.

View Our Latest Stock Analysis on WBI

WBI Stock Performance

NYSE WBI opened at $32.46 on Tuesday. The business has a 50 day moving average price of $32.76 and a 200 day moving average price of $28.98. The company has a market capitalization of $4.01 billion and a P/E ratio of 405.75. WBI has a 1-year low of $18.64 and a 1-year high of $36.89. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.54 and a quick ratio of 1.54.

WBI (NYSE:WBI – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share for the quarter. WBI had a return on equity of 0.85% and a net margin of 0.54%.The company had revenue of $217.77 million for the quarter. Sell-side analysts expect that WBI will post 0.46 EPS for the current fiscal year.

WBI Announces Dividend

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

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 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 insider directly 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 filing with the Securities & Exchange Commission, which is available at this link. Also, Director David N. Capobianco sold 5,894,826 shares of the business’s stock in a transaction 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 sale, the director directly owned 1,980,921 shares of the company’s stock, valued at $59,526,676.05. This represents a 74.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 19,439,652 shares of company stock worth $584,161,543. 50.61% of the stock is currently owned by company insiders.

About WBI

(Get Free Report)

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

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