Wbr Holdings Llc Sells 5,894,826 Shares of WBI (NYSE:WBI) Stock

WBI (NYSE:WBI) major shareholder Wbr Holdings Llc sold 5,894,826 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 1,980,921 shares in the company, valued at approximately $59,526,676.05. This trade represents a 74.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

WBI Price Performance

NYSE:WBI opened at $28.60 on Wednesday. The company has a market cap of $3.53 billion and a price-to-earnings ratio of 114.40. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.30. The company has a 50 day moving average of $29.40. WBI has a 1 year low of $18.64 and a 1 year high of $36.21.

WBI Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on WBI. The Goldman Sachs Group boosted their price objective on shares of WBI from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Wells Fargo & Company raised their target price on shares of WBI from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, March 13th. Morgan Stanley lifted their price target on shares of WBI from $34.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Weiss Ratings upgraded shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Finally, Wall Street Zen raised shares of WBI from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently 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.