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

WBI (NYSE:WBI) Director David Capobianco sold 5,894,826 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $30.05, for a total value of $177,139,521.30. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

WBI Stock Performance

NYSE:WBI traded down $3.15 during mid-day trading on Monday, hitting $30.04. 4,436,400 shares of the company’s stock traded hands, compared to its average volume of 1,530,086. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.79. The business has a 50 day simple moving average of $29.35. WBI has a 1 year low of $18.64 and a 1 year high of $36.21.

WBI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given 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 was Thursday, June 4th. WBI’s dividend payout ratio (DPR) is currently 80.00%.

Analysts Set New Price Targets

A number of research firms have weighed in on WBI. Barclays increased their price target on shares of WBI from $29.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Weiss Ratings upgraded WBI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Morgan Stanley boosted their target price on shares of WBI from $34.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. UBS Group set a $33.00 price target on shares of WBI in a report on Monday, March 16th. Finally, Wells Fargo & Company upped their price objective on shares of WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, WBI currently 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.