Baskin Financial Services Inc. Grows Stock Holdings in TFI International Inc. $TFII

Baskin Financial Services Inc. increased its stake in shares of TFI International Inc. (NYSE:TFII) by 1.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 420,152 shares of the company’s stock after purchasing an additional 6,786 shares during the period. TFI International makes up 2.9% of Baskin Financial Services Inc.’s investment portfolio, making the stock its 17th largest holding. Baskin Financial Services Inc.’s holdings in TFI International were worth $37,711,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Argent Capital Management LLC grew its position in TFI International by 303.4% during the second quarter. Argent Capital Management LLC now owns 142,864 shares of the company’s stock valued at $12,811,000 after buying an additional 107,451 shares during the period. Quantbot Technologies LP grew its position in TFI International by 877.9% during the first quarter. Quantbot Technologies LP now owns 78,466 shares of the company’s stock valued at $6,077,000 after buying an additional 70,442 shares during the period. Canoe Financial LP grew its position in TFI International by 168.5% during 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 period. Entropy Technologies LP grew its position in TFI International by 46.9% during 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 period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its position in TFI International by 10.5% during 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 period. 73.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TFII. Cormark lowered shares of TFI International from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Weiss Ratings restated a “hold (c)” rating on shares of TFI International in a research report on Saturday, September 27th. Bank of America boosted their target price on shares of TFI International from $90.00 to $92.00 and gave the company an “underperform” rating in a research report on Tuesday, July 29th. Susquehanna lifted their price target on shares of TFI International from $100.00 to $105.00 and gave the company a “positive” rating in a report on Wednesday, June 18th. Finally, Citigroup set a $108.00 price target on shares of TFI International and gave the company a “buy” rating in a report on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, TFI International presently has an average rating of “Moderate Buy” and a consensus target price of $120.18.

TFI International Price Performance

TFI International stock opened at $90.76 on Friday. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 3.27 and a beta of 1.45. The firm’s fifty day moving average is $91.89 and its 200 day moving average is $87.86. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.88. TFI International Inc. has a 52-week low of $72.02 and a 52-week 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.10. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.49 billion. TFI International had a net margin of 4.48% and a return on equity of 15.45%. Sell-side analysts forecast that TFI International Inc. will post 7.76 EPS for the current fiscal year.

TFI International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.80 dividend on an annualized basis and a yield of 2.0%. TFI International’s dividend payout ratio is presently 41.28%.

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.