Independent Director of TFI International William England Buys 153% More Shares

TFI International Inc. (TSE:TFII) shareholders (or potential shareholders) will be happy to see that the Independent Director, William England, recently bought a whopping CA$986k worth of stock, at a price of CA$197. That purchase boosted their holding by 153%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.

View our latest analysis for TFI International

TFI International Insider Transactions Over The Last Year

The President, Alain Bedard, made the biggest insider sale in the last 12 months. That single transaction was for CA$4.0m worth of shares at a price of CA$202 each. So what is clear is that an insider saw fit to sell at around the current price of CA$193. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign. Alain Bedard was the only individual insider to sell over the last year.

Over the last year, we can see that insiders have bought 14.46k shares worth CA$2.8m. But insiders sold 20.00k shares worth CA$4.0m. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like TFI International better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. It's great to see that TFI International insiders own 6.0% of the company, worth about CA$957m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About TFI International Insiders?

The recent insider purchases are heartening. However, the longer term transactions are not so encouraging. Overall, we'd prefer see a more sustained buying from directors, but with a significant insider holding and more recent purchases, TFI International insiders are reasonably well aligned, and optimistic for the future. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 1 warning sign for TFI International you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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