TFI International Inc. $TFII Shares Sold by Canoe Financial LP

Canoe Financial LP cut its holdings in TFI International Inc. (NYSE:TFII) by 23.2% in the third quarter, Holdings Channel reports. The institutional investor owned 16,200 shares of the company’s stock after selling 4,899 shares during the quarter. Canoe Financial LP’s holdings in TFI International were worth $1,425,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in TFI International by 1.8% in the 2nd 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 period. QV Investors Inc. lifted its holdings in TFI International by 0.8% during the second 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 in the first quarter valued at about $217,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of TFI International by 36.2% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,275 shares of the company’s stock valued at $1,101,000 after purchasing an additional 3,263 shares during the period. 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 Trading Up 0.5%

Shares of TFI International stock opened at $106.21 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.05. The stock’s 50 day simple moving average is $92.86 and its 200-day simple moving average is $91.71. The stock has a market cap of $8.72 billion, a P/E ratio of 27.37, a P/E/G ratio of 6.10 and a beta of 1.50. TFI International Inc. has a 1-year low of $72.02 and a 1-year high of $141.46.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.49 billion. TFI International had a return on equity of 14.20% and a net margin of 4.06%. Analysts predict that TFI International Inc. will post 7.76 EPS for the current fiscal year.

TFI International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.47 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 1.8%. This is a boost from TFI International’s previous quarterly dividend of $0.45. TFI International’s payout ratio is presently 46.39%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. CIBC raised their price target on shares of TFI International from $109.00 to $112.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Stifel Nicolaus increased their target price on TFI International from $93.00 to $100.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Zacks Research downgraded TFI International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada lifted their price target on TFI International from $102.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, JPMorgan Chase & Co. increased their price objective on TFI International from $104.00 to $106.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.40.

About TFI International

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.