Insider Selling: TFI International (TSE:TFII) Director Sells 8,834 Shares of Stock

TFI International Inc. (TSE:TFII) Director Alain Bédard sold 8,834 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of C$222.06, for a total value of C$1,961,678.04. Following the completion of the transaction, the director directly owned 150,000 shares of the company’s stock, valued at approximately C$33,309,000. The trade was a 5.56% decrease in their ownership of the stock.

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

• On Friday, June 5th, Alain Bédard sold 7,466 shares of TFI International stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of C$197.31, for a total value of C$2,308,527.00.

TFI International Price Performance

Shares of TFII traded down C$4.90 during mid-day trading on Tuesday, reaching C$222.97. The company had a trading volume of 297,962 shares, compared to its average volume of 236,846. The company has a market capitalization of C$18.33 billion, a P/E ratio of 62.11, a P/E/G ratio of 1.01 and a beta of 1.75. TFI International Inc. has a twelve month low of C$113.72 and a twelve month high of C$233.85. The company’s 50-day moving average is C$187.56 and its 200-day moving average is C$161.51. The company has a debt-to-equity ratio of 119.57, a current ratio of 1.07 and a quick ratio of 1.18.

TFI International (TSE:TFII) last released its quarterly earnings results on Monday, April 27th. The company reported C$0.96 EPS 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%. On average, equities analysts anticipate that TFI International Inc. will post 12.2345048 EPS for the current year.

TFI International Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TFII shares. Desjardins increased their price target on TFI International from C$183.00 to C$221.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Citigroup increased their price target on TFI International from C$143.00 to C$144.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. National Bank Financial increased their price target on 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. Finally, Scotiabank increased their price target on TFI International from C$170.00 to C$200.00 in a research report on Tuesday, April 28th. Three research 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, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.