Insider Selling: United Stationers Insider Unloads 3,736 Shares of Stock (USTR)
United Stationers (NASDAQ:USTR) Insider Timothy P. Connolly sold 3,736 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $41.31, for a total value of $154,334.16. Following the completion of the sale, the insider now directly owns 34,261 shares of the company’s stock, valued at approximately $1,415,322. The transaction was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at Jefferies Group raised their price target on shares of United Stationers from $36.00 to $39.00 in a research note on Tuesday, June 3rd. They now have a “hold” rating on the stock.
Shares of United Stationers (NASDAQ:USTR) traded down 0.07% on Thursday, hitting $41.08. 109,625 shares of the company’s stock traded hands. United Stationers has a 1-year low of $35.48 and a 1-year high of $46.86. The stock has a 50-day moving average of $40.18 and a 200-day moving average of $40.12. The company has a market cap of $1.601 billion and a price-to-earnings ratio of 12.58.
United Stationers (NASDAQ:USTR) last posted its earnings results on Wednesday, July 23rd. The company reported $0.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.85. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts expect that United Stationers will post $3.26 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, September 11th.
United Stationers Inc (NASDAQ:USTR) is a wholesale distributor of business products.
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