Superior Plus (TSE:SPB) Insider Dale Alan Winger Acquires 10,000 Shares of Stock

Superior Plus Corp. (TSE:SPB) insider Dale Alan Winger acquired 10,000 shares of the stock in a transaction on Friday, May 15th. The shares were acquired at an average price of C$7.65 per share, for a total transaction of C$76,500.00. Following the acquisition, the insider owned 41,000 shares of the company’s stock, valued at approximately C$313,650. The trade was a 32.26% increase in their position.

Superior Plus Stock Performance

SPB opened at C$7.61 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.46 and a debt-to-equity ratio of 193.28. The company’s fifty day moving average price is C$6.92 and its two-hundred day moving average price is C$7.15. Superior Plus Corp. has a 1-year low of C$6.06 and a 1-year high of C$8.34. The company has a market cap of C$1.63 billion, a price-to-earnings ratio of 36.24 and a beta of 0.29.

Superior Plus (TSE:SPB) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.94 earnings per share for the quarter. Superior Plus had a net margin of 1.69% and a return on equity of 4.59%. The firm had revenue of C$1.25 billion for the quarter.

Superior Plus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were issued a dividend of $0.045 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.18 annualized dividend and a yield of 2.4%. Superior Plus’s dividend payout ratio is presently 62.09%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. TD upped their price objective on shares of Superior Plus from C$7.50 to C$8.00 and gave the stock a “hold” rating in a report on Friday. BMO Capital Markets lowered shares of Superior Plus from an “outperform” rating to a “hold” rating and reduced their target price for the stock from C$9.00 to C$8.00 in a research note on Friday, February 20th. TD Securities lowered shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Raymond James Financial lowered shares of Superior Plus from a “moderate buy” rating to a “hold” rating and reduced their target price for the stock from C$9.75 to C$8.50 in a research note on Monday, February 23rd. Finally, ATB Cormark Capital Markets upped their target price on shares of Superior Plus from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research note on Friday. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Superior Plus has an average rating of “Hold” and an average price target of C$8.11.

About Superior Plus

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.