Finning International Inc. (TSE:FTT) Senior Officer Gregory Palaschuk Buys 3,175 Shares

Finning International Inc. (TSE:FTT) Senior Officer Gregory Palaschuk acquired 3,175 shares of Finning International stock in a transaction that occurred on Wednesday, May 12th. The stock was acquired at an average price of C$33.72 per share, with a total value of C$107,061.00. Following the completion of the acquisition, the insider now directly owns 31,236 shares in the company, valued at approximately C$1,053,277.92.

FTT stock opened at C$33.68 on Monday. Finning International Inc. has a twelve month low of C$16.60 and a twelve month high of C$35.00. The company has a quick ratio of 0.79, a current ratio of 1.83 and a debt-to-equity ratio of 75.09. The stock has a market cap of C$5.47 billion and a P/E ratio of 22.01. The business’s 50-day moving average price is C$32.44 and its 200-day moving average price is C$29.26.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 10th. Stockholders of record on Thursday, May 27th will be given a dividend of $0.205 per share. This is a boost from Finning International’s previous quarterly dividend of $0.19. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Wednesday, May 26th. Finning International’s payout ratio is presently 53.59%.

Several equities research analysts recently commented on the company. TD Securities lifted their price objective on Finning International from C$34.00 to C$38.00 and gave the stock a “buy” rating in a report on Wednesday, May 12th. Raymond James boosted their price target on Finning International from C$34.00 to C$38.50 and gave the company an “outperform” rating in a research note on Tuesday, May 11th. CIBC boosted their price target on Finning International from C$39.00 to C$41.00 and gave the company an “outperform” rating in a research note on Wednesday, May 12th. National Bank Financial boosted their price target on Finning International to C$44.00 and gave the company an “outperform” rating in a research note on Wednesday, May 12th. Finally, National Bankshares boosted their price target on Finning International from C$43.00 to C$44.00 and gave the company an “outperform” rating in a research note on Wednesday, May 12th. Eight investment analysts have rated the stock with a buy rating, Finning International currently has an average rating of “Buy” and an average price target of C$37.05.

About Finning International

Finning International Inc sells, services, and rents heavy equipment, and power and energy systems in Canada, Chile, the United Kingdom, Argentina, and internationally. It offers telehandlers, compact and small wheel loaders, mini excavators; heavy construction equipment, such as articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, excavators, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, track loaders, and wheel tractor-scrapers; and skidders, forest machines, track feller bunchers, log stackers, multi docker material handlers, cable yarding systems, dozers, drills, electric rope shovels, hydraulic mining shovels, and underground mining load haul dump (LHD) loaders.

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