Alexandre L'heureux Sells 40,713 Shares of WSP Global (TSE:WSP) Stock

Key Points

• WSP Global Director Alexandre L'heureux sold 40,713 shares at an average price of C$280.54, totaling C$11.4 million, which reduced his ownership by 51.85%.
• The company announced a quarterly dividend of $0.375, reflecting a 0.5% yield with a payout ratio of 24.47%.
• Recent analyst reports have raised WSP's target price, with estimates now ranging up to C$324.00, maintaining an average rating of "Buy" for the stock.

WSP Global Inc. (TSE:WSP - Get Free Report) Director Alexandre L'heureux sold 40,713 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of C$280.54, for a total value of C$11,421,625.02. Following the transaction, the director directly owned 37,809 shares in the company, valued at C$10,606,936.86. The trade was a 51.85% decrease in their ownership of the stock.

Alexandre L'heureux also recently made the following trade(s):

• On Thursday, August 14th, Alexandre L'heureux sold 25,000 shares of WSP Global stock. The stock was sold at an average price of C$280.25, for a total value of C$7,006,250.00.

WSP Global Stock Down 1.0%

TSE WSP traded down C$2.80 on Friday, reaching C$288.63. The company had a trading volume of 23,930 shares, compared to its average volume of 230,706. The stock has a market capitalization of C$37.67 billion, a P/E ratio of 47.08, a P/E/G ratio of 1.09 and a beta of 0.64. The company's fifty day moving average is C$282.41 and its 200 day moving average is C$266.20. WSP Global Inc. has a 52-week low of C$217.42 and a 52-week high of C$291.46. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45.

WSP Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, June 30th. WSP Global's dividend payout ratio is presently 24.47%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Canaccord Genuity Group increased their price target on WSP Global from C$305.00 to C$335.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. ATB Capital increased their price target on WSP Global from C$270.00 to C$305.00 and gave the company a "sector perform" rating in a research report on Friday, August 8th. Royal Bank Of Canada increased their price target on WSP Global from C$289.00 to C$293.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Desjardins increased their price target on WSP Global from C$301.00 to C$313.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, BMO Capital Markets upped their price objective on WSP Global from C$312.00 to C$324.00 in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, WSP Global presently has a consensus rating of "Buy" and a consensus target price of C$304.69.

WSP Global Company Profile

WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).