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

Canoe Financial LP purchased a new position in TFI International Inc. (NYSE:TFII - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,726 shares of the company's stock, valued at approximately $1,853,000.

A number of other hedge funds also recently bought and sold shares of the business. Plato Investment Management Ltd bought a new position in TFI International in the 3rd quarter valued at $134,000. Entropy Technologies LP bought a new stake in shares of TFI International during the third quarter valued at approximately $643,000. Public Employees Retirement System of Ohio purchased a new stake in shares of TFI International in the third quarter valued at approximately $2,373,000. Quantbot Technologies LP grew its stake in TFI International by 295.1% in the third 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 in the last quarter. Finally, iA Global Asset Management Inc. raised 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 valued at $4,505,000 after purchasing an additional 31,260 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TFII shares. Bank of America dropped their target price on shares of TFI International from $152.00 to $143.00 and set a "neutral" rating on the stock in a report on Tuesday, October 22nd. TD Securities reduced their target price on shares of TFI International from $180.00 to $171.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. TD Cowen reduced their price target on TFI International from $180.00 to $171.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price target on TFI International from $181.00 to $178.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Finally, Stephens restated an "equal weight" rating and set a $149.00 price objective (down previously from $176.00) on shares of TFI International in a report on Tuesday, October 1st. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $169.00.

TFI International Trading Down 0.8 %

NYSE:TFII traded down $1.10 during trading hours on Friday, hitting $134.29. The company had a trading volume of 144,548 shares, compared to its average volume of 218,472. TFI International Inc. has a 1 year low of $126.00 and a 1 year high of $162.13. The company has a market cap of $11.34 billion, a P/E ratio of 24.42, a P/E/G ratio of 1.43 and a beta of 1.58. The company has a 50-day moving average of $143.46 and a 200 day moving average of $144.03. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.84.

TFI International (NYSE:TFII - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.19). The firm had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $2.28 billion. TFI International had a net margin of 5.67% and a return on equity of 20.25%. During the same period in the prior year, the company posted $1.57 EPS. Sell-side analysts expect that TFI International Inc. will post 5.95 earnings per share for the current year.

TFI International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, December 31st. This is an increase from TFI International's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.34%. TFI International's payout ratio is currently 32.73%.

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.