Venturi Wealth Management LLC Has $369,000 Stock Holdings in TFI International Inc. $TFII

Venturi Wealth Management LLC cut its stake in shares of TFI International Inc. (NYSE:TFII) by 20.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,120 shares of the company’s stock after selling 1,029 shares during the period. Venturi Wealth Management LLC’s holdings in TFI International were worth $369,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TFII. United Services Automobile Association acquired a new position in TFI International during the first quarter valued at approximately $217,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of TFI International by 4.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company’s stock valued at $698,000 after buying an additional 363 shares during the last quarter. Entropy Technologies LP lifted its position in shares of TFI International by 46.9% in the first quarter. Entropy Technologies LP now owns 13,656 shares of the company’s stock valued at $1,058,000 after buying an additional 4,361 shares during the last quarter. Canoe Financial LP lifted its position in shares of TFI International by 168.5% in the first quarter. Canoe Financial LP now owns 36,857 shares of the company’s stock valued at $2,854,000 after buying an additional 23,131 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of TFI International by 10.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 41,278 shares of the company’s stock valued at $3,197,000 after buying an additional 3,925 shares during the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

TFI International Stock Performance

NYSE:TFII opened at $86.61 on Friday. The stock has a market cap of $7.13 billion, a P/E ratio of 19.86, a PEG ratio of 3.18 and a beta of 1.45. The stock has a 50 day simple moving average of $91.93 and a 200 day simple moving average of $87.88. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.88. TFI International Inc. has a 1-year low of $72.02 and a 1-year high of $155.12.

TFI International (NYSE:TFII) last released its quarterly earnings results on Monday, July 28th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.10. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.49 billion. TFI International had a return on equity of 15.45% and a net margin of 4.48%. Research analysts anticipate that TFI International Inc. will post 7.76 earnings per share for the current year.

TFI International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, September 29th. TFI International’s dividend payout ratio (DPR) is 41.28%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Bank of America raised their price objective on TFI International from $90.00 to $92.00 and gave the company an “underperform” rating in a research report on Tuesday, July 29th. Scotiabank cut TFI International from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, July 10th. Susquehanna raised their price objective on TFI International from $100.00 to $105.00 and gave the company a “positive” rating in a research report on Wednesday, June 18th. JPMorgan Chase & Co. cut their price objective on TFI International from $116.00 to $104.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Stifel Nicolaus raised their price objective on TFI International from $88.00 to $91.00 and gave the company a “hold” rating in a research report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $120.18.

About TFI International

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.