4,700 Shares in TFI International Inc. (NYSE:TFII) Bought by Entropy Technologies LP

Entropy Technologies LP bought a new position in TFI International Inc. (NYSE:TFII) in the 3rd quarter, Holdings Channel.com reports. The firm bought 4,700 shares of the company’s stock, valued at approximately $643,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dixon Mitchell Investment Counsel Inc. grew its position in TFI International by 0.4% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company’s stock worth $74,242,000 after acquiring an additional 1,980 shares in the last quarter. QV Investors Inc. purchased a new stake in TFI International during the third quarter valued at about $29,891,000. Toronto Dominion Bank boosted its position in TFI International by 17.4% during the second quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock valued at $6,329,000 after buying an additional 6,475 shares during the period. AGF Management Ltd. boosted its position in TFI International by 359.1% during the second quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock valued at $16,192,000 after buying an additional 87,223 shares during the period. Finally, NewGen Asset Management Ltd boosted its position in TFI International by 5.3% during the second quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock valued at $2,903,000 after buying an additional 1,000 shares during the period. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TFII has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of TFI International from $181.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Susquehanna cut their price target on shares of TFI International from $180.00 to $170.00 and set a “positive” rating for the company in a research report on Wednesday, October 23rd. TD Securities cut their price target on shares of TFI International from $180.00 to $171.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Stifel Nicolaus lowered shares of TFI International from a “buy” rating to a “hold” rating and cut their price target for the company from $158.00 to $142.00 in a research report on Wednesday, October 23rd. Finally, Bank of America dropped their target price on shares of TFI International from $152.00 to $143.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.56.

TFI International Price Performance

TFII stock opened at $146.24 on Friday. TFI International Inc. has a 1 year low of $111.56 and a 1 year high of $162.13. The company has a market cap of $12.38 billion, a P/E ratio of 26.59, a PEG ratio of 2.00 and a beta of 1.55. The firm has a 50-day moving average of $139.86 and a 200 day moving average of $141.83. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96.

TFI International (NYSE:TFII) last released its quarterly earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). TFI International had a return on equity of 20.25% and a net margin of 5.67%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the company earned $1.57 earnings per share. On average, sell-side analysts forecast that TFI International Inc. will post 6.26 EPS for the current year.

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.45 per share. This is an increase from TFI International’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.23%. TFI International’s dividend payout ratio (DPR) is currently 32.73%.

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.