Parkland (TSE:PKI) Insider Chad Jason Graves Acquires 12,500 Shares

Parkland Co. (TSE:PKI) insider Chad Jason Graves acquired 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The stock was bought at an average cost of C$41.00 per share, for a total transaction of C$512,500.00. Following the completion of the purchase, the insider owned 18,173 shares of the company’s stock, valued at C$745,093. This trade represents a 220.34% increase in their ownership of the stock.

Parkland Stock Performance

The firm has a market cap of C$6.96 billion, a P/E ratio of 20.86, a PEG ratio of 11.79 and a beta of 0.11. Parkland Co. has a 52-week low of C$30.09 and a 52-week high of C$41.44. The firm’s fifty day moving average price is C$39.34 and its 200 day moving average price is C$38.84. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.39 and a quick ratio of 0.73.

Parkland (TSE:PKI) last announced its earnings results on Monday, October 27th. The company reported C$0.73 earnings per share for the quarter. The business had revenue of C$7.35 billion for the quarter. Parkland had a return on equity of 7.66% and a net margin of 0.83%. Research analysts predict that Parkland Co. will post 3.6022267 EPS for the current year.

Parkland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.6%. Parkland’s payout ratio is presently 74.87%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. National Bankshares increased their price target on shares of Parkland from C$41.00 to C$42.00 and gave the stock a “tender” rating in a report on Wednesday, August 6th. Raymond James Financial cut their target price on shares of Parkland from C$45.00 to C$44.00 and set an “outperform” rating for the company in a research report on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Parkland currently has a consensus rating of “Hold” and a consensus price target of C$43.25.

Parkland Company Profile

Parkland Corp distributes and markets fuels and lubricants. Refined fuels and other petroleum products are among the variety of offerings the company delivers to motorists, businesses, consumers, and wholesalers in the United States and Canada. Parkland operates through several subsidiaries that are either company owned-and retailer-operated, dealer-owned and dealer-operated, or dealer-cosigned and dealer-operated.