TFI International Inc. (TSE:TFII) Director Purchases C$103,327.40 in Stock

Key Points

• TFI International Inc. Director John Pratt purchased 832 shares at an average cost of C$124.19, totaling C$103,327.40.
• The company announced an increase in its quarterly dividend from $0.40 to $0.45 per share, now yielding 1.47%, with a payout ratio of 27.39%.
• Analysts have mixed ratings, with price targets adjusted: National Bankshares to C$140.00, Desjardins to C$164.00, and Scotiabank raised to C$144.00.

TFI International Inc. (TSE:TFII - Get Free Report) Director John Pratt bought 832 shares of the company's stock in a transaction dated Wednesday, July 30th. The stock was bought at an average cost of C$124.19 per share, with a total value of C$103,327.40.

TFI International Trading Down 2.6%

TFII stock traded down C$3.15 on Friday, reaching C$117.35. The company's stock had a trading volume of 406,710 shares, compared to its average volume of 296,846. The business has a fifty day simple moving average of C$122.35 and a two-hundred day simple moving average of C$131.74. TFI International Inc. has a 12-month low of C$102.57 and a 12-month high of C$219.48. The firm has a market cap of C$7.00 billion, a PE ratio of 14.88, a PEG ratio of 1.01 and a beta of 1.37. The company has a debt-to-equity ratio of 115.17, a quick ratio of 1.18 and a current ratio of 0.98.

TFI International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.5%. This is a positive change from TFI International's previous quarterly dividend of $0.40. The ex-dividend date was Monday, June 30th. TFI International's dividend payout ratio is currently 27.39%.

Analysts Set New Price Targets

TFII has been the topic of several recent analyst reports. Scotiabank raised their price objective on TFI International from C$140.00 to C$144.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 29th. National Bankshares lowered their price objective on TFI International from C$142.00 to C$140.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 29th. Finally, Desjardins decreased their price target on TFI International from C$171.00 to C$164.00 and set a "buy" rating on the stock in a research report on Friday, April 25th.

About TFI International

TFI International Inc is a transportation and logistics company domiciled in Canada. The company organises itself into four segments: package and courier, less-than-truckload, truckload, and logistics. The package and courier segment picks up, transports, and delivers items across North America. The less-than-truckload segment transports smaller loads.