United Stationers Insider Sells $255,440 in Stock (USTR)
United Stationers (NASDAQ:USTR) Insider Larry D. Davis unloaded 6,200 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $41.20, for a total transaction of $255,440.00. Following the sale, the insider now directly owns 4,062 shares in the company, valued at approximately $167,354. The transaction was disclosed in a filing with the SEC, which can be accessed through 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.
United Stationers (NASDAQ:USTR) traded down 0.24% on Friday, hitting $41.29. The stock had a trading volume of 28,808 shares. United Stationers has a one year low of $35.48 and a one year high of $46.86. The stock has a 50-day moving average of $40.23 and a 200-day moving average of $40.11. The company has a market cap of $1.609 billion and a P/E ratio of 12.67.
United Stationers (NASDAQ:USTR) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.85 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.86 earnings per share. The company’s quarterly revenue 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. Shareholders 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 1.35%. 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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