Finning International Inc. (TSE:FTT) Director Harold N. Kvisle Buys 10,000 Shares

Finning International Inc. (TSE:FTT) Director Harold N. Kvisle acquired 10,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was purchased at an average price of C$42.55 per share, with a total value of C$425,500.00.

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

• On Tuesday, May 21st, Harold N. Kvisle acquired 5,000 shares of Finning International stock. The stock was purchased at an average price of C$43.60 per share, with a total value of C$218,000.00.
• On Wednesday, May 15th, Harold N. Kvisle sold 600 shares of Finning International stock. The stock was sold at an average price of C$43.14, for a total transaction of C$25,884.00.
• On Monday, May 13th, Harold N. Kvisle sold 3,100 shares of Finning International stock. The stock was sold at an average price of C$43.36, for a total transaction of C$134,416.00.

Finning International Stock Performance

Finning International stock opened at C$43.03 on Friday. The firm has a 50 day simple moving average of C$41.61 and a 200-day simple moving average of C$38.54. Finning International Inc. has a 1-year low of C$33.77 and a 1-year high of C$46.30. The company has a debt-to-equity ratio of 120.20, a current ratio of 1.52 and a quick ratio of 0.59. The stock has a market cap of C$6.12 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 0.56 and a beta of 1.62.

Finning International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Wednesday, May 22nd will be paid a $0.275 dividend. This is a boost from Finning International’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, May 21st. This represents a $1.10 annualized dividend and a dividend yield of 2.56%. Finning International’s dividend payout ratio is 31.52%.

Wall Street Analyst Weigh In

FTT has been the subject of several research analyst reports. BMO Capital Markets upped their price target on shares of Finning International from C$47.00 to C$48.00 in a research report on Wednesday, May 8th. CIBC upped their price target on shares of 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. TD Securities upped their price target on shares of Finning International from C$41.00 to C$43.00 and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Royal Bank of Canada upped their price target on shares of 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, National Bank Financial upgraded shares of Finning International from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.