Finning International Inc. (TSE:FTT) Director Harold N. Kvisle Buys 10,000 Shares

Finning International Inc. (TSE:FTTGet Free Report) Director Harold N. Kvisle acquired 10,000 shares of the stock in a transaction on Thursday, May 23rd. The shares were bought at an average price of C$42.55 per share, for a total transaction of C$425,500.00.

Harold N. Kvisle also recently made the following trade(s):

  • On Tuesday, May 21st, Harold N. Kvisle acquired 5,000 shares of Finning International stock. The shares were bought at an average price of C$43.60 per share, for a total transaction of C$218,000.00.
  • On Wednesday, May 15th, Harold N. Kvisle sold 600 shares of Finning International stock. The stock was sold at an average price of C$43.14, for a total value of C$25,884.00.
  • On Monday, May 13th, Harold N. Kvisle sold 3,100 shares of Finning International stock. The stock was sold at an average price of C$43.36, for a total value of C$134,416.00.

Finning International Price Performance

Shares of TSE FTT traded down C$0.58 during mid-day trading on Thursday, hitting C$42.58. 208,023 shares of the stock traded hands, compared to its average volume of 361,678. The company has a debt-to-equity ratio of 120.20, a current ratio of 1.52 and a quick ratio of 0.59. Finning International Inc. has a twelve month low of C$33.77 and a twelve month high of C$46.30. The company has a market cap of C$6.05 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 0.56 and a beta of 1.62. The firm has a 50 day simple moving average of C$41.37 and a two-hundred day simple moving average of C$38.45.

Finning International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Wednesday, May 22nd will be issued a dividend of $0.275 per share. This is an increase from Finning International’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, May 21st. This represents a $1.10 annualized dividend and a dividend yield of 2.58%. Finning International’s dividend payout ratio (DPR) is 31.52%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Scotiabank raised their price objective on Finning International from C$53.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. CIBC lifted their price target on Finning International from C$45.00 to C$49.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. National Bankshares lifted their price target on Finning International from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Royal Bank of Canada lifted their price target on Finning International from C$45.00 to C$49.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Finally, National Bank Financial upgraded Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$49.13.

View Our Latest Stock Analysis on FTT

About Finning International

(Get Free Report)

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.

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Insider Buying and Selling by Quarter for Finning International (TSE:FTT)

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