Finning International (TSE:FTT) Insider Juan Pablo Amar Sells 200 Shares

Finning International Inc. (TSE:FTT) insider Juan Pablo Amar sold 200 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of C$107.26, for a total value of C$21,452.00. Following the sale, the insider directly owned 33,588 shares in the company, valued at approximately C$3,602,648.88. This represents a 0.59% decrease in their position.

Juan Pablo Amar also recently made the following trade(s):

• On Wednesday, June 3rd, Juan Pablo Amar sold 142 shares of Finning International stock. The stock was sold at an average price of C$107.20, for a total transaction of C$15,222.40.
• On Wednesday, June 3rd, Juan Pablo Amar sold 100 shares of Finning International stock. The stock was sold at an average price of C$107.24, for a total transaction of C$10,724.00.

Finning International Stock Up 0.6%

Finning International stock traded up C$0.66 during midday trading on Thursday, reaching C$108.17. The stock had a trading volume of 251,658 shares, compared to its average volume of 430,804. The firm’s fifty day simple moving average is C$95.79 and its 200-day simple moving average is C$86.90. Finning International Inc. has a 1-year low of C$50.34 and a 1-year high of C$109.08. The stock has a market capitalization of C$14.12 billion, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 0.56 and a beta of 0.70. The company has a debt-to-equity ratio of 88.08, a quick ratio of 0.59 and a current ratio of 1.61.

Finning International (TSE:FTT) last announced its earnings results on Tuesday, May 12th. The company reported C$1.02 earnings per share (EPS) for the quarter. Finning International had a return on equity of 24.23% and a net margin of 6.34%.The business had revenue of C$2.50 billion for the quarter. As a group, analysts expect that Finning International Inc. will post 4.244898 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FTT has been the topic of a number of research analyst reports. BMO Capital Markets upped their target price on shares of Finning International from C$96.00 to C$115.00 in a report on Thursday, May 14th. Canadian Imperial Bank of Commerce boosted their target price on Finning International from C$100.00 to C$120.00 in a report on Thursday, May 14th. Canaccord Genuity Group boosted their target price on Finning International from C$90.00 to C$100.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Raymond James Financial boosted their target price on Finning International from C$100.00 to C$120.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Finally, TD boosted their target price on Finning International from C$106.00 to C$115.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$114.22.

Finning International News Roundup

Here are the key news stories impacting Finning International this week:

• Negative Sentiment: Director/officer Tim Arne Ferwerda disclosed multiple share sales on June 1, including a much larger sale of 1,478 shares at about C$106.12, along with several smaller sales. Multiple insider disposals can weigh on sentiment because investors may view them as a signal that executives think the stock is fairly valued after its recent run-up. Insider sale disclosures
• Negative Sentiment: Juan Pablo Amar also reported sales on June 3 at prices around C$107.20 to C$107.26, adding to the recent pattern of insider selling and reinforcing a cautious tone for traders watching insider activity. Additional insider sale disclosures
• Neutral Sentiment: The filings show only small percentage reductions relative to each insider’s remaining holdings, so the transactions may reflect normal portfolio management rather than a fundamental change in Finning International’s outlook.

Finning International Company Profile

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery.