TFI International Inc. $TFII Shares Purchased by Baskin Financial Services Inc.

Baskin Financial Services Inc. raised its stake in shares of TFI International Inc. (NYSE:TFII) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 427,359 shares of the company’s stock after buying an additional 7,207 shares during the quarter. TFI International comprises about 2.8% of Baskin Financial Services Inc.’s investment portfolio, making the stock its 19th biggest position. Baskin Financial Services Inc.’s holdings in TFI International were worth $37,582,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of TFI International by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 78,729 shares of the company’s stock valued at $7,060,000 after acquiring an additional 1,356 shares during the last quarter. QV Investors Inc. lifted its holdings in TFI International by 0.8% in the 2nd quarter. QV Investors Inc. now owns 352,781 shares of the company’s stock valued at $31,604,000 after purchasing an additional 2,685 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of TFI International during the 1st quarter worth about $217,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of TFI International by 36.2% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,275 shares of the company’s stock worth $1,101,000 after buying an additional 3,263 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of TFI International during the second quarter worth about $294,000. Hedge funds and other institutional investors own 73.30% of the company’s stock.

TFI International Stock Performance

TFI International stock opened at $108.17 on Friday. The firm has a market capitalization of $8.88 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 6.06 and a beta of 1.50. TFI International Inc. has a one year low of $72.02 and a one year high of $146.22. The stock’s 50 day moving average price is $91.27 and its 200 day moving average price is $91.05. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.05 and a current ratio of 1.06.

TFI International (NYSE:TFII) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. TFI International had a net margin of 4.06% and a return on equity of 14.20%. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.49 billion. As a group, sell-side analysts expect that TFI International Inc. will post 7.76 EPS for the current fiscal year.

TFI International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $0.47 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 1.7%. This is an increase from TFI International’s previous quarterly dividend of $0.45. TFI International’s dividend payout ratio (DPR) is presently 48.45%.

Analyst Ratings Changes

Several brokerages recently issued reports on TFII. Weiss Ratings reissued a “hold (c-)” rating on shares of TFI International in a research note on Monday, December 8th. JPMorgan Chase & Co. increased their price target on TFI International from $104.00 to $106.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Royal Bank Of Canada decreased their price objective on TFI International from $106.00 to $102.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. UBS Group lifted their price objective on TFI International from $90.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, October 3rd. Finally, Zacks Research lowered TFI International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $111.87.

TFI International Company Profile

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States and Canada. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items in North America.