Insider Buying: TFI International (TSE:TFII) Director Buys 2,000 Shares of Stock

Key Points

• Director Diane Giard bought 2,000 TFI International shares at C$134.07 each, spending C$268,140 and increasing her holdings by 14.71% to 15,593 shares.
• TFII shares traded at C$138.25 in the reported session, well below their 50- and 200-day averages; the stock’s 12-month range was C$113.72–C$233.85.
• The company reported quarterly EPS of C$2.38 and revenue of C$3.18 billion, and pays an annualized dividend of C$1.88 per share (1.4% yield). Analysts’ average rating was “Buy,” with a C$179.40 consensus target, although some recent price-target cuts and concerns about its acquired UPS freight business were noted.

TFI International Inc. (TSE:TFII - Get Free Report) Director Diane Giard purchased 2,000 shares of the company's stock in a transaction that occurred on Monday, November 2nd. The shares were purchased at an average price of C$134.07 per share, with a total value of C$268,140.00. Following the completion of the transaction, the director directly owned 15,593 shares of the company's stock, valued at C$2,090,553.51. This represents a 14.71% increase in their position.

TFI International Price Performance

Shares of TSE:TFII traded up C$3.11 during midday trading on Wednesday, hitting C$138.25. The company's stock had a trading volume of 307,135 shares, compared to its average volume of 265,078. The company has a debt-to-equity ratio of 106.02, a quick ratio of 1.18 and a current ratio of 1.11. The business's 50 day simple moving average is C$169.21 and its 200 day simple moving average is C$179.42. 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 market cap of C$11.36 billion, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 1.01 and a beta of 1.80.

TFI International (TSE:TFII - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported C$2.38 EPS for the quarter. The firm had revenue of C$3.18 billion during the quarter. TFI International had a return on equity of 12.95% and a net margin of 4.22%. On average, analysts forecast that TFI International Inc. will post 12.23 EPS for the current year.

TFI International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 15th were issued a $0.47 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $1.88 dividend on an annualized basis and a yield of 1.4%. TFI International's dividend payout ratio is currently 43.52%.

More TFI International News

Here are the key news stories impacting TFI International this week:

• Positive Sentiment: Six directors reported buying shares, with purchases totaling approximately C$3.8 million. CEO Alain Bédard accounted for C$2.64 million of the total, while five other directors also increased their holdings. The concentrated insider buying may support investor sentiment. Insider buying report
• Negative Sentiment: TD Cowen and CIBC each cut their TFI International price target from 158 to 119 and 120, respectively, reflecting more cautious expectations and potentially weighing on the stock. TD Cowen price-target report CIBC price-target report
• Negative Sentiment: A Globe and Mail report says TFI is still struggling to turn around the freight business acquired from UPS five years ago. Continued underperformance could hinder results and reinforce investor concerns. Globe and Mail report on UPS Freight

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TFII shares. Scotiabank decreased their target price on shares of TFI International from C$263.00 to C$235.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 15th. National Bank Financial decreased their price target on TFI International from C$208.00 to C$160.00 and set an "outperform" rating on the stock in a research note on Friday, July 10th. Finally, Desjardins boosted their price objective on TFI International from C$221.00 to C$245.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Four equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, TFI International presently has an average rating of "Buy" and a consensus target price of C$179.40.

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.

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