Insider Selling: TFI International (TSE:TFII) Director Sells 2,543 Shares of Stock

TFI International Inc. (TSE:TFII) Director Alain Bédard sold 2,543 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of C$226.29, for a total value of C$575,455.47. Following the sale, the director owned 190,000 shares in the company, valued at approximately C$42,995,100. The trade was a 1.32% decrease in their ownership of the stock.

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 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 Tuesday, June 9th, Alain Bédard sold 10,000 shares of TFI International stock. The shares were sold at an average price of C$231.93, for a total value of C$2,319,300.00.
• 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 Price Performance

TSE TFII traded down C$4.90 during trading 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 capitalization of C$18.33 billion, a PE ratio of 62.11, a P/E/G ratio of 1.01 and a beta of 1.75. 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 firm has a fifty day moving average of C$187.56 and a 200 day moving average of C$161.51. TFI International Inc. has a one year low of C$113.72 and a one year high of C$233.85.

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

TFI International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, March 31st. TFI International’s dividend payout ratio is currently 51.25%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TFII. Citigroup upped their target price on TFI International from C$143.00 to C$144.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. National Bank Financial upped their target price on shares of TFI International from C$190.00 to C$208.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Scotiabank upped their target price on shares of TFI International from C$170.00 to C$200.00 in a research report on Tuesday, April 28th. Finally, Desjardins increased their price objective on TFI International from C$183.00 to C$221.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$177.20.

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.