Suburban Propane Partners LP (NYSE: SPH) is 14.65% higher on its value in year-to-date trading and has touched a low of $15.20 and a high of $21.55 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SPH stock was last observed hovering at around $19.63 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $19.72, the stock is 10.08% and 7.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 0.46% at the moment leaves the stock 5.68% off its SMA200. SPH registered 11.41% gain for a year compared to 6-month loss of 4.62%. The firm has a 50-day simple moving average (SMA 50) of $18.372 and a 200-day simple moving average (SMA200) of $18.65935.
The stock witnessed a 9.31% gain in the last 1 month and extending the period to 3 months gives it a 4.67%, and is 8.89% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.53% over the week and 2.91% over the month.
Suburban Propane Partners LP (SPH) has around 3098 employees, a market worth around $1.27B and $1.33B in sales. Current P/E ratio is 17.29 and Fwd P/E is 8.61. Profit margin for the company is 5.59%. Distance from 52-week low is 29.74% and -8.49% from its 52-week high. The company has generated returns on investments over the last 12 months (3.99%).
The EPS is expected to grow by 20.92% this year, but quarterly earnings will post -23.82% year-over-year.
Suburban Propane Partners LP (SPH) Top Institutional Holders
151.0 institutions hold shares in Suburban Propane Partners LP (SPH), with institutional investors hold 37.43% of the company’s shares. The shares outstanding are 64.07M, and float is at 61.17M with Short Float at 1.24%. Institutions hold 36.59% of the Float.
The top institutional shareholder in the company is ALPS ADVISORS INC with over 11.12 million shares valued at $211.19 million. The investor’s holdings represent 17.279% of the SPH Shares outstanding. As of 2024-06-30, the second largest holder is MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. with 3.17 million shares valued at $60.23 million to account for 4.9279 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 0.89 million shares representing 1.3848% and valued at over $16.93 million, while GOLDMAN SACHS GROUP INC holds 1.3088 of the shares totaling 0.84 million with a market value of $16.0 million.
Suburban Propane Partners LP (SPH) Insider Activity
The most recent transaction is an insider sale by Brinkworth Douglas, the company’s SVP- Prod.Sup,Purch.&Logistics. SEC filings show that Brinkworth Douglas sold 5,971 shares of the company’s common stock on Dec 05 ’24 at a price of $19.50 per share for a total of $0.12 million. Following the sale, the insider now owns 0.16 million shares.
Still, SEC filings show that on Dec 04 ’24, Schueler Michael A (Vice President-Product Supply) disposed off 5,335 shares at an average price of $19.31 for $0.1 million. The insider now directly holds 18,879 shares of Suburban Propane Partners LP (SPH).
