The VP & Treasurer of Suburban Propane (NYSE: SPH) is Selling Shares

By Carrie Williams

Today, the VP & Treasurer of Suburban Propane (NYSE: SPH), Davin Dambrosio, sold shares of SPH for $170.5K.

Following Davin Dambrosio’s last SPH Sell transaction on November 16, 2015, the stock climbed by 3.1%. In addition to Davin Dambrosio, 4 other SPH executives reported Sell trades in the last month.

The company has a one year high of $37.10 and a one year low of $20.93. SPH’s market cap is $1.86B and the company has a P/E ratio of 133.22. Currently, Suburban Propane has an average volume of 234.7K.

Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $33.33, reflecting a -7.3% downside. Three different firms, including Barclays and Credit Suisse, currently also have a Sell rating on the stock.

In the last 30 days, insiders have sold $452.2K worth of SPH shares and purchased $125.1K worth of SPH shares. The insider sentiment on Suburban Propane has been negative according to 18 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

Suburban Propane Partners LP engages in the business of liquefied petroleum gas business. It operates through the following segments: Propane, Fuel oil and Refined fuels, Natural gas and electricity, and All Other. The Propane segment is the distribution of propane through a nationwide retail among residential, and commercial markets used for heating, clothes drying, as well as cooking. The Fuel Oil and Refined Fuels segment refers to the marketing and distribution of fuel oil, kerosene, diesel fuel and gasoline primarily to the northeast region of the United States. The Natural Gas and Electricity segment pertains to the generation, transmission, and distribution of natural gas and electricity among residential, and small commercial customers. The All Other segment include the sale, installation and service of whole-house heating products, air cleaners, humidifiers, and space heaters to the customer who uses propane, fuel oil, natural gas and electricity businesses. The company was founded by Mark Anton in 1928 and is headquartered in Whippany, NJ.