TFI International Inc. (NYSE:TFII) Shares Sold by CDAM UK Ltd

CDAM UK Ltd lessened its holdings in shares of TFI International Inc. (NYSE:TFII) by 9.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 371,902 shares of the company’s stock after selling 39,410 shares during the period. TFI International accounts for approximately 7.5% of CDAM UK Ltd’s investment portfolio, making the stock its 10th biggest holding. CDAM UK Ltd owned approximately 0.44% of TFI International worth $50,910,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TFII. QV Investors Inc. purchased a new stake in TFI International in the third quarter valued at $29,891,000. AGF Management Ltd. lifted its holdings in shares of TFI International by 359.1% in the 2nd quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock valued at $16,192,000 after purchasing an additional 87,223 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. boosted its position in shares of TFI International by 1.3% in the 2nd quarter. Dixon Mitchell Investment Counsel Inc. now owns 537,835 shares of the company’s stock valued at $78,394,000 after purchasing an additional 6,887 shares during the period. Toronto Dominion Bank grew its stake in TFI International by 17.4% during the 2nd quarter. Toronto Dominion Bank now owns 43,602 shares of the company’s stock worth $6,329,000 after buying an additional 6,475 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in TFI International during the 3rd quarter worth approximately $643,000. Hedge funds and other institutional investors own 73.30% of the company’s stock.

Analyst Ratings Changes

TFII has been the subject of several research analyst reports. Royal Bank of Canada decreased their price objective on TFI International from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. TD Cowen decreased 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 note on Wednesday, October 23rd. National Bankshares dropped their price objective on shares of TFI International from $209.00 to $198.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their target price on shares of TFI International from $181.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, Stephens restated an “equal weight” rating and issued a $149.00 price target (down previously from $176.00) on shares of TFI International in a research report on Tuesday, October 1st. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, TFI International has a consensus rating of “Moderate Buy” and a consensus target price of $168.56.

TFI International Trading Up 0.5 %

Shares of TFII opened at $148.73 on Monday. The firm’s 50-day moving average is $140.43 and its two-hundred day moving average is $142.49. TFI International Inc. has a twelve month low of $111.72 and a twelve month high of $162.13. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $12.59 billion, a P/E ratio of 27.04, a PEG ratio of 1.92 and a beta of 1.55.

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

TFI International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from TFI International’s previous quarterly dividend of $0.40. TFI International’s payout ratio is 29.09%.

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.