Insider Buying: Superior Plus (TSE:SPB) Insider Purchases C$25,140.00 in Stock

Superior Plus Corp. (TSE:SPB) insider Dale Alan Winger bought 3,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of C$8.38 per share, with a total value of C$25,140.00. Following the completion of the acquisition, the insider owned 48,000 shares of the company’s stock, valued at C$402,240. This trade represents a 6.67% increase in their position.

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

• On Monday, June 8th, Dale Alan Winger bought 2,000 shares of Superior Plus stock. The shares were purchased at an average price of C$8.36 per share, with a total value of C$16,720.00.
• On Friday, May 15th, Dale Alan Winger bought 10,000 shares of Superior Plus stock. The shares were purchased at an average price of C$7.65 per share, with a total value of C$76,500.00.

Superior Plus Stock Performance

Superior Plus stock opened at C$8.43 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 firm has a 50-day moving average of C$7.48 and a 200-day moving average of C$7.22. The firm has a market cap of C$1.81 billion, a P/E ratio of 40.14 and a beta of 0.30. Superior Plus Corp. has a 1-year low of C$6.06 and a 1-year high of C$8.86.

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

Superior Plus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were issued a $0.045 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.18 annualized dividend and a yield of 2.1%. Superior Plus’s dividend payout ratio (DPR) is 62.09%.

Analysts Set New Price Targets

Several analysts have commented on SPB shares. TD Securities lowered shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. TD raised 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, May 15th. ATB Cormark Capital Markets raised their price objective on shares of Superior Plus from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. National Bank Financial raised their price objective on shares of Superior Plus from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a report on Monday, June 1st. Finally, Desjardins raised their price objective on shares of Superior Plus from C$7.00 to C$7.75 and gave the stock a “hold” rating in a report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$8.48.

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.