WSP Global (TSE:WSP) Insider Philippe Fortier Sells 7,000 Shares

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 firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of C$280.43, for a total value of C$1,963,010.00. Following the completion of the transaction, the insider directly owned 1,747 shares of the company's stock, valued at approximately C$489,911.21. This trade represents a 80.03% decrease in their ownership of the stock.

WSP Global Stock Performance

WSP stock traded down C$3.15 during midday trading on Friday, hitting C$288.28. The stock had a trading volume of 100,771 shares, compared to its average volume of 231,171. The firm has a market capitalization of C$37.63 billion, a price-to-earnings ratio of 47.03, a P/E/G ratio of 1.09 and a beta of 0.64. WSP Global Inc. has a 52 week low of C$217.42 and a 52 week high of C$291.46. The stock has a 50-day simple moving average of C$282.64 and a 200 day simple moving average of C$266.46. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45.

WSP Global Dividend Announcement

The business also recently disclosed 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 (DPR) is presently 24.47%.

Analysts Set New Price Targets

WSP has been the subject of a number of analyst reports. BMO Capital Markets lifted their price objective on WSP Global from C$312.00 to C$324.00 in a report on Thursday, August 7th. CIBC lifted their price objective on WSP Global from C$305.00 to C$317.00 in a report on Friday, July 18th. Stifel Nicolaus lifted their price objective on WSP Global from C$305.00 to C$317.00 in a report on Wednesday, July 16th. National Bankshares lifted their price objective on WSP Global from C$292.00 to C$297.00 in a report on Friday, August 8th. Finally, Canaccord Genuity Group lifted their price objective on WSP Global from C$305.00 to C$335.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, WSP Global presently has a consensus rating of "Buy" and an average 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).