Canoe Financial LP Buys New Stake in TFI International Inc. (NYSE:TFII)

Canoe Financial LP purchased a new position in shares of TFI International Inc. (NYSE:TFII) in the fourth quarter, Holdings Channel reports. The fund purchased 13,726 shares of the company’s stock, valued at approximately $1,853,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. QV Investors Inc. bought a new stake in shares of TFI International during the third quarter valued at about $29,891,000. iA Global Asset Management Inc. increased its stake in TFI International by 1,894.5% during the 3rd quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock valued at $4,505,000 after buying an additional 31,260 shares during the period. Geode Capital Management LLC raised its position in shares of TFI International by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock worth $49,288,000 after buying an additional 22,566 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of TFI International in the 3rd quarter worth approximately $2,373,000. Finally, Toronto Dominion Bank boosted its holdings in shares of TFI International by 37.9% in the third quarter. Toronto Dominion Bank now owns 60,112 shares of the company’s stock valued at $8,229,000 after acquiring an additional 16,510 shares in the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

TFI International Trading Down 0.8 %

TFI International stock opened at $134.29 on Friday. TFI International Inc. has a 52 week low of $126.00 and a 52 week high of $162.13. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.96 and a current ratio of 0.98. The firm has a market capitalization of $11.34 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 1.43 and a beta of 1.58. The company has a 50 day moving average price of $143.46 and a 200 day moving average price of $144.04.

TFI International (NYSE:TFII) last issued its earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a return on equity of 20.25% and a net margin of 5.67%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the business earned $1.57 EPS. Research analysts forecast that TFI International Inc. will post 5.95 EPS for the current year.

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.34%. The ex-dividend date was Tuesday, December 31st. This is a boost from TFI International’s previous quarterly dividend of $0.40. TFI International’s payout ratio is 32.73%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TFII. National Bankshares dropped their target price on TFI International from $209.00 to $198.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. Stephens reissued an “equal weight” rating and issued a $149.00 price objective (down previously from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. TD Cowen decreased their target price on TFI International from $180.00 to $171.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Stifel Nicolaus dropped their price target on shares of TFI International from $142.00 to $139.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group reduced their price objective on shares of TFI International from $189.00 to $184.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, TFI International has an average rating of “Moderate Buy” and an average target price of $169.00.

TFI International 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.