Insider Buying: TFI International Inc. (TSE:TFII) Director Buys 1,141 Shares of Stock

Key Points

• Director Leslie Abi-Karam purchased 1,141 shares of TFI International Inc. at an average cost of C$120.94 per share, totaling C$137,996.19.
• TFI International recently increased its quarterly dividend from C$0.40 to C$0.45 per share, representing a 1.5% yield.
• Analysts have mixed views on TFI International, with some upgrading their price target to C$144.00 while others have lowered it to C$140.00.

TFI International Inc. (TSE:TFII - Get Free Report) Director Leslie Abi-Karam acquired 1,141 shares of TFI International stock in a transaction dated Friday, August 1st. The shares were acquired at an average price of C$120.94 per share, with a total value of C$137,996.19.

TFI International Stock Performance

TFII stock traded up C$0.71 during midday trading on Wednesday, hitting C$123.02. 208,857 shares of the stock traded hands, compared to its average volume of 296,085. TFI International Inc. has a 1-year low of C$102.57 and a 1-year high of C$219.48. The company has a debt-to-equity ratio of 115.17, a current ratio of 0.98 and a quick ratio of 1.18. The stock's fifty day simple moving average is C$122.44 and its 200-day simple moving average is C$130.65. The firm has a market cap of C$7.33 billion, a P/E ratio of 15.60, a PEG ratio of 1.01 and a beta of 1.37.

TFI International Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Scotiabank raised their price target on shares of TFI International from C$140.00 to C$144.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 29th. National Bankshares lowered their price target on shares of TFI International from C$142.00 to C$140.00 and set an "outperform" rating for the company in a research report on Tuesday, July 29th. Finally, Desjardins decreased their target price on shares of TFI International from C$171.00 to C$164.00 and set a "buy" rating for the company in a 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.