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

WBI (NYSE:WBI) Director David Capobianco sold 5,894,826 shares of the business’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 completion of the sale, the director 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 SEC, which is accessible through this hyperlink.

WBI Stock Performance

Shares of WBI stock opened at $28.60 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.30. WBI has a 52-week low of $18.64 and a 52-week high of $36.21. The company has a market capitalization of $3.53 billion and a PE ratio of 114.40. The business has a 50 day moving average price of $29.40.

WBI Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays upped their target price on WBI from $29.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Weiss Ratings raised WBI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Wells Fargo & Company increased their target price on WBI from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, March 13th. Finally, UBS Group set a $33.00 price target on WBI in a report on Monday, March 16th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.20.

About WBI

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