Insider Selling: Finning International (TSE:FTT) Insider Sells 1,478 Shares of Stock

Finning International Inc. (TSE:FTT) insider Tim Arne Ferwerda sold 1,478 shares of Finning International stock in a transaction on Monday, June 1st. The stock was sold at an average price of C$106.12, for a total transaction of C$156,845.36. Following the transaction, the insider directly owned 16,016 shares in the company, valued at C$1,699,617.92. This represents a 8.45% decrease in their ownership of the stock.

Tim Arne Ferwerda also recently made the following trade(s):

• On Monday, June 1st, Tim Arne Ferwerda sold 126 shares of Finning International stock. The stock was sold at an average price of C$106.13, for a total transaction of C$13,372.38.
• On Monday, June 1st, Tim Arne Ferwerda sold 22 shares of Finning International stock. The stock was sold at an average price of C$106.13, for a total transaction of C$2,334.86.
• On Monday, June 1st, Tim Arne Ferwerda sold 400 shares of Finning International stock. The stock was sold at an average price of C$106.13, for a total transaction of C$42,452.00.
• On Monday, June 1st, Tim Arne Ferwerda sold 500 shares of Finning International stock. The stock was sold at an average price of C$106.21, for a total transaction of C$53,105.00.
• On Monday, June 1st, Tim Arne Ferwerda sold 1,175 shares of Finning International stock. The stock was sold at an average price of C$106.12, for a total transaction of C$124,691.00.
• On Monday, June 1st, Tim Arne Ferwerda sold 857 shares of Finning International stock. The stock was sold at an average price of C$106.12, for a total transaction of C$90,944.84.
• On Monday, June 1st, Tim Arne Ferwerda sold 74 shares of Finning International stock. The stock was sold at an average price of C$106.13, for a total transaction of C$7,853.62.
• On Monday, June 1st, Tim Arne Ferwerda sold 77 shares of Finning International stock. The stock was sold at an average price of C$105.87, for a total transaction of C$8,151.99.
• On Monday, June 1st, Tim Arne Ferwerda sold 892 shares of Finning International stock. The stock was sold at an average price of C$105.91, for a total transaction of C$94,471.72.
• On Monday, June 1st, Tim Arne Ferwerda sold 300 shares of Finning International stock. The shares were sold at an average price of C$105.89, for a total transaction of C$31,767.00.

Finning International Price Performance

Shares of Finning International stock traded up C$0.66 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 business’s 50 day moving average is C$95.79 and its two-hundred day moving average is C$86.90. The company has a market cap 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. Finning International Inc. has a 1 year low of C$50.34 and a 1 year high of C$109.08. The company has a current ratio of 1.61, a quick ratio of 0.59 and a debt-to-equity ratio of 88.08.

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

More Finning International News

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.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. TD upped their target price on Finning International from C$106.00 to C$115.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. BMO Capital Markets boosted their target price on Finning International from C$96.00 to C$115.00 in a report on Thursday, May 14th. National Bank Financial upgraded shares of Finning International from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$89.00 to C$115.00 in a research note on Thursday, May 14th. Raymond James Financial increased their price objective on Finning International from C$100.00 to C$120.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Finally, Scotiabank raised their price objective on shares of Finning International from C$105.00 to C$109.00 and gave the stock a “sector outperform” rating in a report on Tuesday, April 28th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Finning International has an average rating of “Buy” and an average target price of C$114.22.

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.