Manning & Napier Advisors LLC Acquires Shares of 38,452 TFI International Inc. $TFII

Manning & Napier Advisors LLC bought a new position in TFI International Inc. (NYSE:TFII) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 38,452 shares of the company’s stock, valued at approximately $3,385,000.

Other large investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in TFI International by 9.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,418 shares of the company’s stock valued at $1,182,000 after purchasing an additional 1,143 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of TFI International by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 78,729 shares of the company’s stock valued at $7,060,000 after buying an additional 1,356 shares during the period. QV Investors Inc. grew its stake in shares of TFI International by 0.8% during the second quarter. QV Investors Inc. now owns 352,781 shares of the company’s stock valued at $31,604,000 after buying an additional 2,685 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of TFI International in the first quarter worth approximately $217,000. Finally, Marshall Wace LLP purchased a new stake in shares of TFI International in the second quarter worth approximately $294,000. 73.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on TFI International from $106.00 to $141.00 and gave the company an “overweight” rating in a report on Monday. Morgan Stanley reissued an “overweight” rating and set a $160.00 target price on shares of TFI International in a research note on Monday, December 8th. Citigroup upped their price target on shares of TFI International from $106.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TFI International in a research note on Monday, December 29th. Finally, Royal Bank Of Canada lifted their price objective on shares of TFI International from $102.00 to $125.00 and gave the company an “outperform” rating in a report on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.87.

TFI International Trading Down 0.0%

NYSE TFII opened at $111.44 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.05 and a current ratio of 1.06. The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 5.14 and a beta of 1.49. The company’s 50-day simple moving average is $97.68 and its two-hundred day simple moving average is $93.55. TFI International Inc. has a one year low of $72.02 and a one year high of $140.35.

TFI International (NYSE:TFII) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. TFI International had a net margin of 4.06% and a return on equity of 14.20%. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Equities analysts forecast that TFI International Inc. will post 7.76 EPS for the current fiscal year.

TFI International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.47 per share. This is an increase from TFI International’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, December 31st. TFI International’s dividend payout ratio (DPR) is currently 48.45%.

About TFI International

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.