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 WSP Global stock in a transaction dated 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 C$1,820,831.99. This trade represents a 48.31% decrease in their position.

WSP Global Stock Performance

Shares of WSP traded down C$2.80 during midday trading on Friday, reaching C$288.63. 23,930 shares of the stock were exchanged, compared to its average volume of 230,706. The business's 50-day moving average price is C$282.41 and its 200 day moving average price is C$266.20. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04. WSP Global Inc. has a twelve month low of C$217.42 and a twelve month high of C$291.46. The company has a market capitalization of C$37.67 billion, a price-to-earnings ratio of 47.08, a PEG ratio of 1.09 and a beta of 0.64.

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 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 currently 24.47%.

Wall Street Analyst Weigh In

WSP has been the topic of a number of research reports. Stifel Nicolaus raised their price target on WSP Global from C$305.00 to C$317.00 in a report on Wednesday, July 16th. Canaccord Genuity Group raised their price target on WSP Global from C$305.00 to C$335.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Royal Bank Of Canada raised their price target on WSP Global from C$289.00 to C$293.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. ATB Capital raised their price target 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. Finally, Desjardins lifted their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average 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).