TFI International (TSE:TFII) Director Purchases 1,325 Shares of Company Stock

Key Points

• Director Sébastien Martel bought 1,325 shares at an average C$136.90, spending C$181,392.50. The purchase increased his direct stake by 17.41% to 8,935 shares.
• TFI reported quarterly EPS of C$2.38 and revenue of C$3.18 billion. It pays a quarterly dividend of C$0.47, equivalent to an annualized yield of about 1.4%.
• Shares rose 2.3% to C$138.25 in Wednesday trading. Analysts cited in the article had a consensus “Buy” rating and an average price target of C$179.40.

TFI International Inc. (TSE:TFII - Get Free Report) Director Sébastien Martel purchased 1,325 shares of the stock in a transaction dated Wednesday, November 4th. The stock was acquired at an average price of C$136.90 per share, for a total transaction of C$181,392.50. Following the completion of the transaction, the director directly owned 8,935 shares of the company's stock, valued at approximately C$1,223,201.50. The trade was a 17.41% increase in their ownership of the stock.

TFI International Trading Up 2.3%

Shares of TFI International stock traded up C$3.11 during mid-day trading on Wednesday, hitting C$138.25. 307,135 shares of the stock were exchanged, compared to its average volume of 265,078. The stock has a market capitalization of C$11.36 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 1.01 and a beta of 1.80. TFI International Inc. has a twelve month low of C$113.72 and a twelve month high of C$233.85. The company has a current ratio of 1.11, a quick ratio of 1.18 and a debt-to-equity ratio of 106.02. The company has a 50-day simple moving average of C$169.21 and a 200 day simple moving average of C$179.42.

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

TFI International Dividend Announcement

The company 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. 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 currently 43.52%.

Wall Street Analyst Weigh In

TFII has been the topic of several recent analyst reports. National Bank Financial dropped 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 report on Friday, July 10th. Scotiabank cut their price target on TFI International from C$263.00 to C$235.00 and set a "sector outperform" rating for the company in a report on Thursday, October 15th. Finally, Desjardins increased their target price on shares of TFI International from C$221.00 to C$245.00 and gave the company a "buy" rating in a research note on Tuesday, July 28th. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat, TFI International has a consensus rating of "Buy" and a consensus price target of C$179.40.

TFI International News Summary

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

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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