Canoe Financial LP Invests $1.85 Million in TFI International Inc. (NYSE:TFII)

Canoe Financial LP bought a new stake in shares of TFI International Inc. (NYSE:TFII) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 13,726 shares of the company’s stock, valued at approximately $1,853,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Plato Investment Management Ltd acquired a new stake in TFI International in the third quarter valued at approximately $134,000. Entropy Technologies LP acquired a new stake in TFI International during the 3rd quarter valued at $643,000. Public Employees Retirement System of Ohio purchased a new stake in TFI International during the 3rd quarter worth $2,373,000. Quantbot Technologies LP lifted its holdings 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 buying an additional 16,047 shares in the last quarter. Finally, iA Global Asset Management Inc. lifted its holdings in TFI International by 1,894.5% in 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 Down 0.8 %

NYSE:TFII opened at $134.29 on Friday. 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 stock has a 50 day moving average of $143.46 and a 200-day moving average of $144.04. The firm has a market capitalization of $11.34 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 1.43 and a beta of 1.58. TFI International Inc. has a 52 week low of $126.00 and a 52 week high of $162.13.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate 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 previous year, the company earned $1.57 earnings per share. Analysts predict that TFI International Inc. will post 5.95 EPS for the current year.

TFI International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.34%. 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 dividend payout ratio (DPR) is 32.73%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TFII shares. Citigroup lifted their target price on TFI International from $158.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. TD Cowen dropped their price objective on TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Susquehanna cut their target price on TFI International from $180.00 to $170.00 and set a “positive” rating on the stock in a research report on Wednesday, October 23rd. Stifel Nicolaus decreased their price target on shares of TFI International from $142.00 to $139.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their price target 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. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.