TFI International Inc. (TSE:TFII) shareholders (or potential shareholders) will be happy to see that the Independent Director, Rosemary Turner, recently bought a whopping CA$1.4m worth of stock, at a price of CA$193. That increased their holding by a full 2,368%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.
The Last 12 Months Of Insider Transactions At TFI International
The President, Alain Bedard, made the biggest insider sale in the last 12 months. That single transaction was for CA$8.9m worth of shares at a price of CA$232 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (CA$188). So it may not tell us anything about how insiders feel about the current share price.
Over the last year, we can see that insiders have bought 14.67k shares worth CA$2.5m. But insiders sold 114.63k shares worth CA$23m. In total, TFI International insiders sold more than they bought over the last year. The average sell price was around US$203. It's not particularly great to see insiders were selling shares at below recent prices. Of course, the sales could be motivated for a multitude of reasons, so we shouldn't jump to conclusions. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
See our latest analysis for TFI International
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Insider Ownership Of TFI International
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. TFI International insiders own 6.3% of the company, currently worth about CA$955m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About TFI International Insiders?
Unfortunately, there has been more insider selling of TFI International stock, than buying, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing TFI International. While conducting our analysis, we found that TFI International has 2 warning signs and it would be unwise to ignore them.
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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.