Insider Selling: Finning International Inc. (TSE:FTT) Director Sells 3,100 Shares of Stock

Finning International Inc. (TSE:FTT) Director Harold N. Kvisle sold 3,100 shares of Finning International stock in a transaction on Monday, May 13th. The stock was sold at an average price of C$43.36, for a total value of C$134,416.00.

Finning International Trading Down 0.3 %

Shares of Finning International stock traded down C$0.15 during trading hours on Thursday, reaching C$43.77. 270,179 shares of the company’s stock were exchanged, compared to its average volume of 356,622. Finning International Inc. has a 52-week low of C$33.77 and a 52-week high of C$46.30. The company has a fifty day moving average of C$40.56 and a 200-day moving average of C$38.24. The company has a current ratio of 1.52, a quick ratio of 0.59 and a debt-to-equity ratio of 120.20. The firm has a market capitalization of C$6.22 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 0.56 and a beta of 1.62.

Finning International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Wednesday, May 22nd will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.51%. 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 dividend payout ratio (DPR) is presently 31.52%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Scotiabank lifted their price target on Finning International from C$53.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. National Bank Financial upgraded shares of 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 increased their price target on shares of 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. Royal Bank of Canada lifted their price objective on Finning International from C$45.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Finally, CIBC raised their price target on Finning International from C$45.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Finning International has an average rating of “Moderate Buy” and a consensus 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.