United Stationers SVP Eric Blanchard Sells 1,361 Shares (USTR)
United Stationers (NASDAQ:USTR) SVP Eric Blanchard sold 1,361 shares of United Stationers stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $41.99, for a total value of $57,148.39. Following the completion of the transaction, the senior vice president now directly owns 21,817 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on USTR. Analysts at Zacks downgraded shares of United Stationers (NASDAQ:USTR) from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 23rd. They now have a $46.40 price target on the stock. Separately, analysts at Wunderlich downgraded shares of United Stationers (NASDAQ:USTR) from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 2nd. They now have a $42.00 price target on the stock, up previously from $39.00.
Shares of United Stationers (NASDAQ:USTR) traded up 0.97% during mid-day trading on Wednesday, hitting $41.69. 126,174 shares of the company’s stock traded hands. United Stationers has a one year low of $25.89 and a one year high of $44.00. The stock has a 50-day moving average of $41.56 and a 200-day moving average of $37.33. The company has a market cap of $1.663 billion and a P/E ratio of 14.09.
United Stationers (NASDAQ:USTR) last issued its quarterly earnings data on Monday, July 22nd. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.09. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. Analysts expect that United Stationers will post $3.21 EPS for the current fiscal year.
United Stationers Inc (NASDAQ:USTR) is a wholesale distributor of business products.
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