Finning International Inc. (TSE:FTT) Director Harold N. Kvisle Purchases 5,000 Shares

Finning International Inc. (TSE:FTT) Director Harold N. Kvisle bought 5,000 shares of Finning International stock in a transaction on Tuesday, May 21st. The stock was acquired at an average price of C$43.60 per share, for a total transaction of C$218,000.00.

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

• On Thursday, May 23rd, Harold N. Kvisle bought 10,000 shares of Finning International stock. The stock was acquired at an average price of C$42.55 per share, for a total transaction of C$425,500.00.
• On Wednesday, May 15th, Harold N. Kvisle sold 600 shares of Finning International stock. The shares were 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 shares were sold at an average price of C$43.36, for a total value of C$134,416.00.

Finning International Trading Down 1.3 %

FTT opened at C$42.58 on Friday. Finning International Inc. has a 12 month low of C$33.77 and a 12 month high of C$46.30. The stock has a market capitalization of C$6.05 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.56 and a beta of 1.62. The company has a debt-to-equity ratio of 120.20, a current ratio of 1.52 and a quick ratio of 0.59. The business has a fifty day moving average price of C$41.49 and a 200 day moving average price of C$38.48.

Finning International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Wednesday, May 22nd will be given a dividend of $0.275 per share. This is a boost from Finning International’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Tuesday, May 21st. Finning International’s dividend payout ratio is currently 31.52%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. National Bank Financial raised Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Wednesday, February 7th. Royal Bank of Canada lifted their price objective 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. Scotiabank lifted their price objective on Finning International from C$53.00 to C$54.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. TD Securities lifted their price objective on Finning International from C$41.00 to C$43.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Finally, National Bankshares lifted their price objective 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. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Finning International presently has an average rating of “Moderate Buy” and a consensus price target of C$49.13.

Finning International Company Profile

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.