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

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 business's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of C$280.54, for a total value of C$11,421,625.02. Following the completion of the transaction, the director directly owned 37,809 shares of the company's stock, valued at approximately 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 shares were sold at an average price of C$280.25, for a total value of C$7,006,250.00.

WSP Global Trading Down 1.1%

TSE:WSP traded down C$3.15 on Friday, reaching C$288.28. The company's stock had a trading volume of 100,771 shares, compared to its average volume of 231,171. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26. The firm has a market cap of C$37.63 billion, a PE ratio of 47.03, a PEG ratio of 1.09 and a beta of 0.64. The business's 50-day moving average price is C$282.64 and its two-hundred day moving average price is C$266.46. WSP Global Inc. has a 1-year low of C$217.42 and a 1-year high of C$291.46.

WSP Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 30th. WSP Global's dividend payout ratio is currently 24.47%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WSP shares. Stifel Nicolaus upped their price objective on WSP Global from C$305.00 to C$317.00 in a research report on Wednesday, July 16th. National Bankshares upped their price objective on WSP Global from C$292.00 to C$297.00 in a research report on Friday, August 8th. ATB Capital upped their price objective on WSP Global from C$270.00 to C$305.00 and gave the stock a "sector perform" rating in a research report on Friday, August 8th. CIBC upped their price objective on WSP Global from C$305.00 to C$317.00 in a research report on Friday, July 18th. Finally, 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. Two investment 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 company's stock. According to MarketBeat.com, WSP Global has a consensus rating of "Buy" and an average price target of C$304.69.

About WSP Global

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).