TFI International Inc. $TFII Shares Purchased by QV Investors Inc.

QV Investors Inc. raised its position in TFI International Inc. (NYSE:TFII) by 25.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 441,478 shares of the company’s stock after purchasing an additional 88,697 shares during the period. TFI International makes up 3.4% of QV Investors Inc.’s portfolio, making the stock its 10th biggest holding. QV Investors Inc.’s holdings in TFI International were worth $38,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Manning & Napier Advisors LLC acquired a new position in shares of TFI International in the third quarter valued at about $3,385,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of TFI International by 9.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,418 shares of the company’s stock worth $1,182,000 after purchasing an additional 1,143 shares in the last quarter. Baskin Financial Services Inc. increased its holdings in shares of TFI International by 1.7% during the third quarter. Baskin Financial Services Inc. now owns 427,359 shares of the company’s stock worth $37,582,000 after purchasing an additional 7,207 shares during the period. BNP Paribas Financial Markets raised its position in shares of TFI International by 104.0% in the second quarter. BNP Paribas Financial Markets now owns 125,737 shares of the company’s stock valued at $11,275,000 after buying an additional 64,108 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of TFI International in the second quarter valued at approximately $294,000. Institutional investors and hedge funds own 73.30% of the company’s stock.

Analysts Set New Price Targets

TFII has been the subject of several analyst reports. Zacks Research raised TFI International from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. Stifel Nicolaus raised their price target on TFI International from $100.00 to $113.00 and gave the stock a “hold” rating in a research report on Wednesday. CIBC reaffirmed an “outperform” rating and issued a $121.00 price target on shares of TFI International in a research note on Thursday, January 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of TFI International in a research note on Monday, December 29th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $160.00 target price on shares of TFI International in a report on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, TFI International currently has a consensus rating of “Moderate Buy” and an average price target of $120.73.

TFI International Stock Up 0.6%

Shares of NYSE TFII opened at $111.66 on Friday. The company has a 50 day simple moving average of $100.69 and a 200 day simple moving average of $94.31. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.05. TFI International Inc. has a 1 year low of $72.02 and a 1 year high of $140.35. The firm has a market cap of $9.17 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 5.09 and a beta of 1.49.

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

TFI International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.47 per share. This is a positive change from TFI International’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 1.7%. TFI International’s payout ratio is 48.45%.

TFI International Profile

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.