Superior Plus (TSE:SPB) Insider Dale Alan Winger Acquires 2,000 Shares of Stock

Superior Plus Corp. (TSE:SPB) insider Dale Alan Winger purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were purchased at an average cost of C$8.36 per share, for a total transaction of C$16,720.00. Following the purchase, the insider directly owned 50,000 shares in the company, valued at C$418,000. This trade represents a 4.17% increase in their ownership of the stock.

Dale Alan Winger also recently made the following trade(s):

• On Friday, June 5th, Dale Alan Winger purchased 3,000 shares of Superior Plus stock. The shares were purchased at an average cost of C$8.38 per share, for a total transaction of C$25,140.00.
• On Friday, May 15th, Dale Alan Winger purchased 10,000 shares of Superior Plus stock. The shares were purchased at an average cost of C$7.65 per share, for a total transaction of C$76,500.00.

Superior Plus Stock Performance

Superior Plus stock opened at C$8.34 on Wednesday. Superior Plus Corp. has a 12-month low of C$6.06 and a 12-month high of C$8.86. The company has a market capitalization of C$1.79 billion, a price-to-earnings ratio of 39.71 and a beta of 0.30. The company has a debt-to-equity ratio of 193.28, a current ratio of 1.22 and a quick ratio of 0.46. The firm’s fifty day moving average price is C$7.41 and its 200 day moving average price is C$7.20.

Superior Plus (TSE:SPB) last released its quarterly earnings results on Wednesday, May 13th. The company reported C$0.94 earnings per share (EPS) for the quarter. Superior Plus had a net margin of 2.01% and a return on equity of 5.20%. The firm had revenue of C$1.25 billion for the quarter.

Superior Plus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were paid a dividend of $0.045 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.18 annualized dividend and a yield of 2.2%. Superior Plus’s payout ratio is 62.09%.

Analyst Ratings Changes

Several research firms have recently weighed in on SPB. TD Securities downgraded shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Canadian Imperial Bank of Commerce raised shares of Superior Plus from a “hold” rating to an “outperformer” rating in a research report on Tuesday, April 21st. Desjardins boosted their target price on shares of Superior Plus from C$7.00 to C$7.75 and gave the stock a “hold” rating in a research report on Friday, May 15th. Stifel Nicolaus boosted their target price on shares of Superior Plus from C$9.00 to C$10.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, BMO Capital Markets downgraded shares of Superior Plus from an “outperform” rating to a “hold” rating and dropped their target price for the stock from C$9.00 to C$8.00 in a research report on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$8.48.

Superior Plus Company Profile

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.