Insider Selling: Parkland Co. (TSE:PKI) Senior Officer Sells C$43,000.00 in Stock

Parkland Co. (TSE:PKI) Senior Officer Darren Robert Smart sold 1,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$43.00, for a total value of C$43,000.00.

Darren Robert Smart also recently made the following trade(s):

• On Tuesday, March 19th, Darren Robert Smart sold 2,500 shares of Parkland stock. The shares were sold at an average price of C$44.00, for a total value of C$110,000.00.
• On Friday, March 15th, Darren Robert Smart sold 5,000 shares of Parkland stock. The shares were sold at an average price of C$44.66, for a total value of C$223,304.50.

Parkland Trading Down 0.3 %

Shares of TSE:PKI opened at C$42.99 on Thursday. The company has a market capitalization of C$7.56 billion, a P/E ratio of 16.35, a P/E/G ratio of 11.79 and a beta of 1.38. Parkland Co. has a 1 year low of C$30.29 and a 1 year high of C$47.99. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.29 and a quick ratio of 0.73. The business’s 50 day simple moving average is C$45.01 and its 200 day simple moving average is C$43.18.

Parkland (TSE:PKI) last issued its quarterly earnings results on Tuesday, February 27th. The company reported C$0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.64 by C$0.20. The business had revenue of C$7.75 billion for the quarter, compared to the consensus estimate of C$8.41 billion. Parkland had a return on equity of 15.15% and a net margin of 1.45%. On average, research analysts anticipate that Parkland Co. will post 3.3015038 EPS for the current fiscal year.

Parkland Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 22nd will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $1.40 dividend on an annualized basis and a yield of 3.26%. This is an increase from Parkland’s previous quarterly dividend of $0.34. Parkland’s dividend payout ratio is currently 53.23%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PKI. BMO Capital Markets upped their price objective on Parkland from C$54.00 to C$57.00 in a research note on Friday, February 2nd. TD Securities upped their price objective on Parkland from C$52.00 to C$53.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. CIBC upped their price objective on Parkland from C$50.00 to C$57.00 and gave the company an “outperform” rating in a research note on Tuesday, December 19th. Royal Bank of Canada lowered Parkland from an “outperform” rating to a “sector perform” rating and set a C$54.00 price objective on the stock. in a research note on Monday, February 5th. Finally, JPMorgan Chase & Co. upped their target price on Parkland from C$51.00 to C$56.00 and gave the company an “overweight” rating in a research report on Monday. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$52.08.

Parkland Company Profile

Parkland Corporation operates food and convenience stores in Canada, the United States, and internationally. The company's Canada segment owns, supplies, and supports a coast-to-coast network of retail gas stations, electronic vehicle charging stations, frozen food retail locations, convenience stores, cardlock sites, bulk fuel, propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers; transports and distributes fuel through ships, rail, and highway carriers; and stores fuel in terminals and other owned and leased facilities, as well as engages in the low-carbon activities.