WSP Global (TSE:WSP) Insider Sells C$1,701,649.24 in Stock

Key Points

• WSP Global insider Alain Michaud sold 6,068 shares at an average price of C$280.43, amounting to a total of approximately C$1.7 million, resulting in a 48.31% decrease in his position.
• The company's stock price fell slightly by C$0.30 to C$279.19, with a market cap of C$36.44 billion and a current P/E ratio of 45.54.
• WSP Global recently announced a quarterly dividend of $0.375, resulting in an annualized dividend yield of 0.5%, with a payout ratio of 24.47%.

WSP Global Inc. (TSE:WSP - Get Free Report) insider Alain Michaud sold 6,068 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$280.43, for a total value of C$1,701,649.24. Following the sale, the insider owned 6,493 shares in the company, valued at approximately C$1,820,831.99. This represents a 48.31% decrease in their position.

WSP Global Stock Down 1.1%

Shares of WSP Global stock traded down C$3.15 on Friday, reaching C$288.28. 100,771 shares of the company were exchanged, compared to its average volume of 231,171. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. The company has a market capitalization of C$37.63 billion, a price-to-earnings ratio of 47.03, a PEG ratio of 1.09 and a beta of 0.64. WSP Global Inc. has a one year low of C$217.42 and a one year high of C$291.46. The company has a 50-day moving average of C$282.64 and a 200 day moving average of C$266.46.

WSP Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors 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 payout ratio is presently 24.47%.

Analyst Ratings Changes

WSP has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their target price on WSP Global from C$312.00 to C$324.00 in a report on Thursday, August 7th. ATB Capital increased their target price on WSP Global from C$270.00 to C$305.00 and gave the stock a "sector perform" rating in a report on Friday, August 8th. Desjardins increased their target price on WSP Global from C$301.00 to C$313.00 and gave the stock a "buy" rating in a report on Friday, August 8th. 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. Finally, Royal Bank Of Canada upped their price objective on WSP Global from C$289.00 to C$293.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. 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 company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price 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).