Argent Capital Management LLC Has $23.93 Million Stock Holdings in TFI International Inc. (NYSE:TFII)

Argent Capital Management LLC raised its stake in shares of TFI International Inc. (NYSE:TFII) by 0.1% during the fourth quarter, Holdings Channel reports. The firm owned 177,105 shares of the company’s stock after buying an additional 188 shares during the period. Argent Capital Management LLC’s holdings in TFI International were worth $23,925,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Plato Investment Management Ltd bought a new position in TFI International in the 3rd quarter worth approximately $134,000. Entropy Technologies LP acquired a new position in shares of TFI International in the 3rd quarter valued at $643,000. Public Employees Retirement System of Ohio acquired a new position in TFI International in the 3rd quarter worth $2,373,000. Quantbot Technologies LP boosted its stake in TFI International by 295.1% in the 3rd quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock worth $2,941,000 after purchasing an additional 16,047 shares during the period. Finally, iA Global Asset Management Inc. lifted its position 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 worth $4,505,000 after buying an additional 31,260 shares in the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

TFI International Stock Performance

Shares of TFII stock opened at $135.89 on Thursday. The company has a 50 day moving average price of $144.19 and a 200-day moving average price of $144.23. TFI International Inc. has a 52 week low of $126.00 and a 52 week high of $162.13. The firm has a market capitalization of $11.47 billion, a PE ratio of 24.71, a P/E/G ratio of 1.43 and a beta of 1.58. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.84.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Monday, October 21st. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a net margin of 5.67% and a return on equity of 20.25%. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the prior year, the firm earned $1.57 EPS. As a group, equities research analysts expect that TFI International Inc. will post 5.95 earnings per share for the current year.

TFI International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from TFI International’s previous quarterly dividend of $0.40. TFI International’s payout ratio is currently 32.73%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of TFI International from $181.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. CIBC increased their target price on shares of TFI International from $166.00 to $176.00 and gave the stock an “outperformer” rating in a research report on Wednesday, December 4th. Stifel Nicolaus decreased their target price 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. Royal Bank of Canada reduced their price target on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, TD Securities dropped their price objective 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. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, TFI International has a consensus rating of “Moderate Buy” and a consensus price target of $169.00.

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.