4,700 Shares in TFI International Inc. (NYSE:TFII) Purchased by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in TFI International Inc. (NYSE:TFII - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,700 shares of the company's stock, valued at approximately $643,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Industrial Alliance Investment Management Inc. boosted its stake in TFI International by 3.2% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company's stock worth $413,000 after buying an additional 80 shares during the last quarter. NewGen Asset Management Ltd raised its holdings in shares of TFI International by 5.3% in the 2nd quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company's stock worth $2,903,000 after purchasing an additional 1,000 shares during the period. iA Global Asset Management Inc. purchased a new position in shares of TFI International in the 2nd quarter worth about $240,000. Dixon Mitchell Investment Counsel Inc. lifted its stake in shares of TFI International by 0.4% in the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company's stock valued at $74,242,000 after purchasing an additional 1,980 shares in the last quarter. Finally, Summit Global Investments grew its holdings in shares of TFI International by 83.7% during the 2nd quarter. Summit Global Investments now owns 6,610 shares of the company's stock worth $959,000 after purchasing an additional 3,012 shares during the period. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TFII shares. Stephens reaffirmed an "equal weight" rating and set a $149.00 price target (down from $176.00) on shares of TFI International in a research report on Tuesday, October 1st. CIBC decreased their price target on shares of TFI International from $174.00 to $166.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Susquehanna cut their price objective 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. The Goldman Sachs Group reduced their price objective on TFI International from $189.00 to $184.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Finally, TD Securities decreased their price target on TFI International from $180.00 to $171.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, TFI International has a consensus rating of "Moderate Buy" and a consensus target price of $168.56.

TFI International Stock Performance

Shares of TFII stock traded down $2.58 on Friday, hitting $143.66. 214,638 shares of the stock traded hands, compared to its average volume of 263,668. The company has a market capitalization of $12.16 billion, a PE ratio of 26.59, a PEG ratio of 2.01 and a beta of 1.55. The company's fifty day moving average is $139.95 and its 200 day moving average is $141.86. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96. TFI International Inc. has a 1-year low of $111.56 and a 1-year high of $162.13.

TFI International (NYSE:TFII - Get Free Report) last posted its quarterly earnings results 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). TFI International had a return on equity of 20.25% and a net margin of 5.67%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the business posted $1.57 earnings per share. On average, equities research analysts predict that TFI International Inc. will post 6.26 earnings per share for the current fiscal year.

TFI International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from TFI International's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.25%. TFI International's dividend payout ratio is 29.09%.

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.