WSP Global (TSE:WSP) Insider Sells C$1,963,010.00 in Stock

Key Points

• Philippe Fortier, an insider at WSP Global Inc., sold 7,000 shares of the company's stock for a total of C$1,963,010, reducing his ownership by 80.03% to just 1,747 shares.
• The stock is currently trading at C$279.19, a slight decrease of 0.1%, with analysts generally maintaining a Buy rating and a consensus price target of C$304.69.
• WSP Global recently announced a quarterly dividend of $0.375 per share, yielding 0.5%, with a payout ratio of 24.47%.

WSP Global Inc. (TSE:WSP - Get Free Report) insider Philippe Fortier sold 7,000 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of C$280.43, for a total value of C$1,963,010.00. Following the transaction, the insider directly owned 1,747 shares of the company's stock, valued at C$489,911.21. The trade was a 80.03% decrease in their position.

WSP Global Price Performance

Shares of WSP Global stock traded down C$2.80 during mid-day trading on Friday, reaching C$288.63. 23,930 shares of the stock traded hands, compared to its average volume of 230,706. The business has a 50-day moving average of C$282.41 and a 200 day moving average of C$266.20. WSP Global Inc. has a fifty-two week low of C$217.42 and a fifty-two week high of C$291.46. The stock has a market capitalization of C$37.67 billion, a PE ratio of 47.08, a PEG ratio of 1.09 and a beta of 0.64. 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 company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.5%. WSP Global's dividend payout ratio is presently 24.47%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. National Bankshares increased their target price on WSP Global from C$292.00 to C$297.00 in a report on Friday, August 8th. CIBC increased their target price on WSP Global from C$305.00 to C$317.00 in a report on Friday, July 18th. Desjardins increased their target price on WSP Global from C$301.00 to C$313.00 and gave the company a "buy" rating in a report on Friday, August 8th. ATB Capital upped 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. Finally, BMO Capital Markets upped their price target on WSP Global from C$312.00 to C$324.00 in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target 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).