We note that the TFI International Inc. (TSE:TFII) Independent Director, Richard Guay, recently sold CA$99k worth of stock for CA$98.93 per share. It might not be a huge sale, but it did reduce their holding size 11%, hardly encouraging.
The Last 12 Months Of Insider Transactions At TFI International
In the last twelve months, the biggest single purchase by an insider was when Independent Director Diane Giard bought CA$221k worth of shares at a price of CA$44.13 per share. We do like to see buying, but this purchase was made at well below the current price of CA$96.87. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
Happily, we note that in the last year insiders paid CA$241k for 5.49k shares. On the other hand they divested 1.00k shares, for CA$99k. In total, TFI International insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
TFI International is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
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. A high insider ownership often makes company leadership more mindful of shareholder interests. TFI International insiders own 5.0% of the company, currently worth about CA$466m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At TFI International Tell Us?
An insider sold stock recently, but they haven't been buying. But we take heart from prior transactions. We are also comforted by the high levels of insider ownership. So the recent selling doesn't worry us. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 3 warning signs for TFI International and we suggest you have a look.
But note: TFI International may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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, but not derivative transactions.
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