TFI International Insiders Added US$3.52m Of Stock To Their Holdings

In the last year, multiple insiders have substantially increased their holdings of TFI International Inc. (TSE:TFII) stock, indicating that insiders' optimism about the company's prospects has increased.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

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TFI International Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Independent Director William England for CA$986k worth of shares, at about CA$197 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$134). It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

While TFI International insiders bought shares during the last year, they didn't sell. They paid about CA$139 on average. These transactions suggest that insiders have considered the current price attractive. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Check out our latest analysis for TFI International

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insiders At TFI International Have Bought Stock Recently

Over the last three months, we've seen significant insider buying at TFI International. Not only was there no selling that we can see, but they collectively bought CA$437k worth of shares. This is a positive in our book as it implies some confidence.

Does TFI International Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. TFI International insiders own about CA$689m worth of shares (which is 6.3% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About TFI International Insiders?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about TFI International. One for the watchlist, at least! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing TFI International. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of TFI International.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.