Insider Selling: TFI International (TSE:TFII) Director Sells C$2,787,750.00 in Stock

TFI International Inc. (TSE:TFII) Director Alain Bédard sold 13,500 shares of TFI International stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of C$206.50, for a total transaction of C$2,787,750.00. Following the transaction, the director owned 200,009 shares of the company’s stock, valued at C$41,301,858.50. The trade was a 6.32% decrease in their ownership of the stock.

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

• 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 transaction of C$2,308,527.00.

TFI International Price Performance

Shares of TFII opened at C$212.68 on Friday. The company has a market capitalization of C$17.48 billion, a P/E ratio of 59.24, a price-to-earnings-growth ratio of 1.01 and a beta of 1.49. The company has a quick ratio of 1.18, a current ratio of 1.07 and a debt-to-equity ratio of 119.57. The firm has a 50 day moving average of C$178.02 and a 200 day moving average of C$156.93. TFI International Inc. has a twelve month low of C$113.72 and a twelve month high of C$213.71.

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

TFI International Dividend Announcement

The company 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 of this dividend was Tuesday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 0.9%. TFI International’s dividend payout ratio (DPR) is 51.25%.

Analysts Set New Price Targets

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