Insider Selling: United Stationers Insider Sells 3,736 Shares of Stock (USTR)
United Stationers (NASDAQ:USTR) Insider Timothy P. Connolly sold 3,736 shares of the stock on the open market in a transaction dated Thursday, August 14th. The stock was sold at an average price of $41.31, for a total transaction of $154,334.16. Following the transaction, the insider now directly owns 34,261 shares in the company, valued at approximately $1,415,322. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of United Stationers (NASDAQ:USTR) opened at 41.16 on Monday. United Stationers has a 52-week low of $35.48 and a 52-week high of $46.86. The stock’s 50-day moving average is $40.22 and its 200-day moving average is $40.12. The company has a market cap of $1.604 billion and a P/E ratio of 12.60.
United Stationers (NASDAQ:USTR) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.85 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.86 earnings per share. United Stationers’s revenue was up 3.6% compared to the same quarter last year. Analysts expect that United Stationers will post $3.26 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Monday, September 15th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Thursday, September 11th.
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.
United Stationers Inc (NASDAQ:USTR) is a wholesale distributor of business products.
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