Finning International Inc. (TSE:FTT) Director Purchases C$218,000.00 in Stock

Finning International Inc. (TSE:FTT) Director Harold N. Kvisle acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were acquired at an average price of C$43.60 per share, with a total value of C$218,000.00.

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

• On Thursday, May 23rd, Harold N. Kvisle acquired 10,000 shares of Finning International stock. The shares were acquired at an average price of C$42.55 per share, with a total value 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. The firm has a market cap 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 current ratio of 1.52, a quick ratio of 0.59 and a debt-to-equity ratio of 120.20. 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 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 business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Wednesday, May 22nd will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.58%. This is a positive change from Finning International’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, May 21st. Finning International’s payout ratio is presently 31.52%.

Analyst Ratings Changes

FTT has been the subject of a number of recent analyst reports. BMO Capital Markets boosted their price objective on Finning International from C$47.00 to C$48.00 in a report on Wednesday, May 8th. CIBC lifted their target price on Finning International from C$45.00 to C$49.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. National Bank Financial raised Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Wednesday, February 7th. TD Securities lifted their target price on Finning International from C$41.00 to C$43.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. Finally, Scotiabank lifted their target price on Finning International from C$53.00 to C$54.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Finning International presently has an average rating of “Moderate Buy” and an average target price of C$49.13.

About Finning International

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.