Insider Buying: Parkland Co. (TSE:PKI) Senior Officer Buys C$36,520.00 in Stock

Parkland Co. (TSE:PKI) Senior Officer Marcel Teunissen purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average price of C$36.52 per share, for a total transaction of C$36,520.00.

Parkland Price Performance

Shares of TSE PKI opened at C$36.06 on Friday. The firm’s 50-day moving average price is C$37.11 and its 200-day moving average price is C$40.33. Parkland Co. has a 1-year low of C$34.66 and a 1-year high of C$47.99. The firm has a market capitalization of C$6.28 billion, a P/E ratio of 16.93, a P/E/G ratio of 11.79 and a beta of 1.35. The company has a current ratio of 1.33, a quick ratio of 0.73 and a debt-to-equity ratio of 206.76.

Parkland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 21st were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend was Thursday, June 20th. Parkland’s payout ratio is presently 65.73%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Cormark dropped their target price on shares of Parkland from C$53.00 to C$49.00 in a report on Friday, August 2nd. BMO Capital Markets dropped their target price on shares of Parkland from C$52.00 to C$49.00 in a report on Thursday, August 1st. ATB Capital dropped their target price on shares of Parkland from C$54.00 to C$52.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. CIBC dropped their target price on shares of Parkland from C$55.00 to C$54.00 in a report on Thursday, July 18th. Finally, Royal Bank of Canada dropped their target price on shares of Parkland from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$50.46.

Parkland Company Profile

Parkland Corporation operates food and convenience stores in Canada, the United States, and internationally. The company's Canada segment owns, supplies, and supports a coast-to-coast network of retail gas stations, electronic vehicle charging stations, frozen food retail locations, convenience stores, cardlock sites, bulk fuel, propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers; transports and distributes fuel through ships, rail, and highway carriers; and stores fuel in terminals and other owned and leased facilities, as well as engages in the low-carbon activities.