Insider Selling: Finning International (TSE:FTT) Insider Sells C$21,452.00 in Stock

Finning International Inc. (TSE:FTT) insider Juan Pablo Amar sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of C$107.26, for a total transaction of C$21,452.00. Following the completion of the sale, the insider owned 33,588 shares in the company, valued at C$3,602,648.88. This represents a 0.59% decrease in their position.

Juan Pablo Amar also recently made the following trade(s):

• On Wednesday, June 3rd, Juan Pablo Amar sold 142 shares of Finning International stock. The shares were sold at an average price of C$107.20, for a total value of C$15,222.40.
• On Wednesday, June 3rd, Juan Pablo Amar sold 100 shares of Finning International stock. The shares were sold at an average price of C$107.24, for a total value of C$10,724.00.

Finning International Trading Up 0.6%

Finning International stock traded up C$0.66 during trading hours on Thursday, hitting C$108.17. The stock had a trading volume of 251,658 shares, compared to its average volume of 430,804. The company has a quick ratio of 0.59, a current ratio of 1.61 and a debt-to-equity ratio of 88.08. The stock has a market cap of C$14.12 billion, a price-to-earnings ratio of 21.25, a P/E/G ratio of 0.56 and a beta of 0.70. Finning International Inc. has a one year low of C$50.34 and a one year high of C$109.08. The business’s 50 day simple moving average is C$95.79 and its 200-day simple moving average is C$86.90.

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

Key Headlines Impacting Finning International

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.

Wall Street Analyst Weigh In

Several research firms have recently commented on FTT. National Bank Financial upgraded Finning International from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$89.00 to C$115.00 in a report on Thursday, May 14th. Canadian Imperial Bank of Commerce boosted their price objective on Finning International from C$100.00 to C$120.00 in a report on Thursday, May 14th. Raymond James Financial boosted their price objective on Finning International from C$100.00 to C$120.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. TD Securities boosted their price objective on Finning International from C$100.00 to C$104.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Finally, Scotiabank boosted their price objective on Finning International from C$105.00 to C$109.00 and gave the company a “sector outperform” rating in a report on Tuesday, April 28th. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Finning International has an average rating of “Buy” and a consensus 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.