Insider Buying: TFI International (TSE:TFII) Director Acquires C$211,497.99 in Stock

TFI International Inc. (TSE:TFII) Director John Pratt purchased 1,567 shares of the firm’s stock in a transaction on Tuesday, November 3rd. The shares were purchased at an average cost of C$134.97 per share, for a total transaction of C$211,497.99. Following the completion of the purchase, the director directly owned 9,580 shares in the company, valued at C$1,293,012.60. The trade was a 19.56% increase in their ownership of the stock.

TFI International Stock Performance

Shares of TSE TFII opened at C$135.67 on Friday. The company has a market cap of C$11.15 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 1.01 and a beta of 1.80. TFI International Inc. has a 12 month low of C$113.72 and a 12 month high of C$233.85. The company has a debt-to-equity ratio of 106.02, a current ratio of 1.11 and a quick ratio of 1.18. The company has a 50-day simple moving average of C$167.27 and a 200-day simple moving average of C$179.24.

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

TFI International Dividend Announcement

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

Analyst Upgrades and Downgrades

TFII has been the topic of a number of recent analyst reports. Desjardins increased their price target on TFI International from C$221.00 to C$245.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Scotiabank decreased their price objective on 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. Finally, National Bank Financial lowered their price objective on TFI International from C$208.00 to C$160.00 and set an “outperform” rating for the company in a research report on Friday, July 10th. Four analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, TFI International currently has an average rating of “Buy” and a consensus price target 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.