Insider Buying: TFI International (TSE:TFII) Director Buys 20,000 Shares of Company Stock

TFI International Inc. (TSE:TFII) Director Alain Bédard bought 20,000 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was purchased at an average price of C$132.00 per share, with a total value of C$2,640,000.00. Following the completion of the transaction, the director directly owned 4,550,839 shares of the company’s stock, valued at C$600,710,748. This trade represents a 0.44% increase in their ownership of the stock.

TFI International Price Performance

Shares of TFII stock traded up C$5.05 during mid-day trading on Monday, hitting C$135.10. 487,034 shares of the stock traded hands, compared to its average volume of 262,213. TFI International Inc. has a twelve month low of C$113.72 and a twelve month high of C$233.85. The company has a debt-to-equity ratio of 106.02, a quick ratio of 1.18 and a current ratio of 1.11. The company’s 50-day simple moving average is C$171.49 and its 200-day simple moving average is C$179.62. The firm has a market cap of C$11.10 billion, a price-to-earnings ratio of 31.27, a price-to-earnings-growth ratio of 1.01 and a beta of 1.96.

TFI International (TSE:TFII) last announced its earnings results on Thursday, October 29th. The company reported C$2.38 earnings per share for the quarter. The business had revenue of C$3.18 billion during the quarter. TFI International had a return on equity of 12.95% and a net margin of 4.22%. As a group, equities research analysts expect that TFI International Inc. will post 12.23 earnings per share for the current year.

TFI International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 29th. TFI International’s dividend payout ratio is presently 43.52%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Scotiabank dropped their target price on shares of TFI International from C$263.00 to C$235.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 15th. National Bank Financial reduced their target price on shares of TFI International from C$208.00 to C$160.00 and set an “outperform” rating for the company in a report on Friday, July 10th. Finally, Desjardins raised their target price on shares of TFI International from C$221.00 to C$245.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$179.40.

About TFI International

TFI International Inc is a North American leader in the transportation and logistics industry, operating across the United States,Canada and Mexico through its subsidiaries. TFI International creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned operating subsidiaries. Under the TFI International umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency. TFI International companies service the following segments: Less-Than-Truckload; Truckload; Logistics.