Alain Bédard Sells 13,500 Shares of TFI International (TSE:TFII) Stock

TFI International Inc. (TSE:TFII) Director Alain Bédard sold 13,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of C$206.50, for a total value of C$2,787,750.00. Following the completion of the sale, the director directly owned 200,009 shares in the company, valued at approximately C$41,301,858.50. This trade represents a 6.32% decrease in their position.

Alain Bédard also recently made the following trade(s):

• On Thursday, May 14th, Alain Bédard sold 11,700 shares of TFI International stock. The shares were sold at an average price of C$197.31, for a total value of C$2,308,527.00.

TFI International Price Performance

Shares of TFII opened at C$212.68 on Friday. TFI International Inc. has a 12 month low of C$113.72 and a 12 month high of C$213.71. The company has a debt-to-equity ratio of 119.57, a current ratio of 1.07 and a quick ratio of 1.18. The stock has a fifty day moving average price of C$178.02 and a 200 day moving average price of C$156.93. The company has a market cap of C$17.48 billion, a P/E ratio of 59.24, a PEG ratio of 1.01 and a beta of 1.49.

TFI International (TSE:TFII) last announced its quarterly earnings results on Monday, April 27th. The company reported C$0.96 earnings per share (EPS) for the quarter. The company had revenue of C$2.71 billion during the quarter. TFI International had a net margin of 3.79% and a return on equity of 11.18%. On average, research analysts forecast that TFI International Inc. will post 12.2345048 earnings per share for the current year.

TFI International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, March 31st. TFI International’s payout ratio is presently 51.25%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TFII. Citigroup raised their price target on shares of TFI International from C$143.00 to C$144.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. National Bank Financial boosted their price objective on TFI International from C$190.00 to C$208.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Desjardins increased their price objective on TFI International from C$183.00 to C$221.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, Scotiabank lifted their target price on TFI International from C$170.00 to C$200.00 in a research note on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$177.20.

About TFI International

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.