TFI International Inc. (TSE:TFII) Director Acquires 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 purchased 832 shares of the firm's stock in a transaction on Wednesday, July 30th. The shares were acquired at an average price of C$124.19 per share, with a total value of C$103,327.40.

TFI International Stock Performance

Shares of TFI International stock traded down C$2.39 during mid-day trading on Friday, hitting C$118.11. 218,596 shares of the stock were exchanged, compared to its average volume of 295,406. The company has a 50-day simple moving average of C$122.38 and a 200 day simple moving average of C$132.70. The company has a market capitalization of C$7.04 billion, a P/E ratio of 14.98, a P/E/G 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 Inc. has a 12 month low of C$102.57 and a 12 month high of C$219.48.

TFI International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.5%. This is a boost from TFI International's previous quarterly dividend of $0.40. The ex-dividend date was Monday, June 30th. TFI International's dividend payout ratio (DPR) is presently 27.39%.

Analyst Ratings Changes

Several brokerages have recently commented on TFII. Scotiabank raised their target price 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. Desjardins cut their price target on TFI International from C$171.00 to C$164.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, National Bankshares cut their price target on TFI International from C$142.00 to C$140.00 and set an "outperform" rating for the company in a research note on Tuesday.

TFI International Company Profile

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.