Insider Selling: TFI International (TSE:TFII) Director Sells 10,000 Shares of Stock

TFI International Inc. (TSE:TFII) Director Alain Bédard sold 10,000 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of C$231.93, for a total value of C$2,319,300.00. Following the completion of the sale, the director owned 180,000 shares of the company’s stock, valued at approximately C$41,747,400. This trade represents a 5.26% decrease in their position.

Alain Bédard also recently made the following trade(s):

• On Friday, June 5th, Alain Bédard sold 8,834 shares of TFI International stock. The shares were sold at an average price of C$222.06, for a total value of C$1,961,678.04.
• On Friday, June 5th, Alain Bédard sold 7,466 shares of TFI International stock. The shares were sold at an average price of C$222.06, for a total value of C$1,657,899.96.
• On Friday, June 5th, Alain Bédard sold 5,550 shares of TFI International stock. The shares were sold at an average price of C$222.06, for a total value of C$1,232,433.00.
• On Monday, June 8th, Alain Bédard sold 2,543 shares of TFI International stock. The shares were sold at an average price of C$226.29, for a total value of C$575,455.47.
• On Tuesday, June 9th, Alain Bédard sold 5,000 shares of TFI International stock. The shares were sold at an average price of C$231.93, for a total value of C$1,159,650.00.
• On Thursday, May 28th, Alain Bédard sold 13,500 shares of TFI International stock. The shares were sold at an average price of C$206.50, for a total value of C$2,787,750.00.
• On Thursday, May 14th, Alain Bédard sold 11,700 shares of TFI International stock. The shares were sold at an average price of C$197.31, for a total value of C$2,308,527.00.

TFI International Stock Down 2.2%

TFII traded down C$4.90 on Tuesday, reaching C$222.97. The company’s stock had a trading volume of 297,962 shares, compared to its average volume of 236,846. The stock has a market cap of C$18.33 billion, a price-to-earnings ratio of 62.11, a price-to-earnings-growth ratio of 1.01 and a beta of 1.75. TFI International Inc. has a 1 year low of C$113.72 and a 1 year high of C$233.85. The company has a debt-to-equity ratio of 119.57, a current ratio of 1.07 and a quick ratio of 1.18. The business’s 50 day moving average is C$187.56 and its 200 day moving average is C$161.51.

TFI International (TSE:TFII) last released its earnings results on Monday, April 27th. The company reported C$0.96 EPS for the quarter. TFI International had a return on equity of 11.18% and a net margin of 3.79%.The company had revenue of C$2.71 billion for the quarter. As a group, research analysts forecast that TFI International Inc. will post 12.2345048 EPS for the current fiscal year.

TFI International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 0.8%. TFI International’s dividend payout ratio (DPR) is 51.25%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TFII shares. Citigroup raised their price target on TFI International from C$143.00 to C$144.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. National Bank Financial lifted their target price on TFI International from C$190.00 to C$208.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Scotiabank lifted their target price on TFI International from C$170.00 to C$200.00 in a research note on Tuesday, April 28th. Finally, Desjardins lifted their target price on TFI International from C$183.00 to C$221.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, TFI International presently has an average rating of “Moderate Buy” and an average price target of C$177.20.

TFI International Company Profile

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.