William Clark Harlow Sells 1,190 Shares of Park Lawn Co. (TSE:PLC) Stock

Park Lawn Co. (TSE:PLC) Senior Officer William Clark Harlow sold 1,190 shares of the stock in a transaction that occurred on Friday, September 17th. The stock was sold at an average price of C$37.78, for a total transaction of C$44,953.56. Following the transaction, the insider now owns 4,562 shares in the company, valued at approximately C$172,334.57.

Shares of PLC stock traded down C$0.07 during trading hours on Tuesday, hitting C$37.43. 16,540 shares of the company’s stock traded hands, compared to its average volume of 85,993. The stock’s 50 day simple moving average is C$35.86 and its 200 day simple moving average is C$33.90. The stock has a market cap of C$1.27 billion and a PE ratio of 39.47. Park Lawn Co. has a 12 month low of C$26.44 and a 12 month high of C$38.54. The company has a quick ratio of 1.51, a current ratio of 1.93 and a debt-to-equity ratio of 48.74.

Park Lawn (TSE:PLC) last released its quarterly earnings results on Thursday, August 12th. The company reported C$0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.34 by C$0.01. The business had revenue of C$88.43 million for the quarter, compared to the consensus estimate of C$94.27 million. As a group, equities research analysts expect that Park Lawn Co. will post 1.63 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which was paid on Sunday, August 15th. Stockholders of record on Saturday, July 31st were paid a dividend of $0.038 per share. This represents a $0.46 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, July 29th. Park Lawn’s payout ratio is currently 48.00%.

PLC has been the topic of several analyst reports. National Bank Financial increased their price target on shares of Park Lawn from C$43.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Friday, August 13th. Royal Bank of Canada increased their price target on shares of Park Lawn from C$46.00 to C$50.00 and gave the stock a “na” rating in a research report on Monday, September 13th. Cormark increased their price target on shares of Park Lawn from C$37.50 to C$46.50 and gave the stock a “na” rating in a research report on Monday, August 16th. TD Securities increased their price target on shares of Park Lawn from C$38.00 to C$42.00 and gave the stock a “buy” rating in a research report on Monday, August 16th. Finally, Scotiabank increased their price target on shares of Park Lawn from C$39.00 to C$43.00 in a research report on Monday, August 16th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$43.56.

Park Lawn Company Profile

Park Lawn Corporation, together with its subsidiaries, provides funeral, cremation, and cemetery services in Canada and the United States. The company owns and operates 123 cemeteries, 40 crematoriums, and 116 funeral homes. It primarily offers cemetery lots, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral services and after life celebration services.

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