Insider Buying: Amerigas Partners Lp CEO Purchases 11,800 Shares of Stock (APU)
Amerigas Partners Lp (NYSE:APU) CEO Jerry E. Sheridan purchased 11,800 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of $42.52 per share, for a total transaction of $501,736.00. Following the completion of the transaction, the chief executive officer now directly owns 38,639 shares of the company’s stock, valued at approximately $1,642,930. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Amerigas Partners Lp from an “outperform” rating to a “neutral” rating in a research note on Monday, December 23rd. They now have a $46.10 price target on the stock. Finally, analysts at Barclays cut their price target on shares of Amerigas Partners Lp from $45.00 to $43.00 in a research note on Wednesday, November 20th. They now have an “underweight” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Amerigas Partners Lp presently has a consensus rating of “Hold” and a consensus target price of $45.62.
Shares of Amerigas Partners Lp (NYSE:APU) traded up 0.47% on Friday, hitting $42.4301. 76,096 shares of the company’s stock traded hands. Amerigas Partners Lp has a 1-year low of $41.11 and a 1-year high of $50.45. The stock has a 50-day moving average of $43.08 and a 200-day moving average of $43.27. The company has a market cap of $3.939 billion and a price-to-earnings ratio of 17.97.
Amerigas Partners Lp (NYSE:APU) last announced its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.18 by $0.04. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $950.80 million. During the same quarter in the prior year, the company posted $0.93 earnings per share. The company’s quarterly revenue was up 19.8% on a year-over-year basis. Analysts expect that Amerigas Partners Lp will post $2.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, February 18th. Stockholders of record on Monday, February 10th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 7.92%. The ex-dividend date of this dividend is Thursday, February 6th.
AmeriGas Partners, L.P. (NYSE:APU) is a retail propane distributor in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.