Toronto Dominion Bank Boosts Holdings in TFI International Inc. (NYSE:TFII)

Toronto Dominion Bank increased its stake in TFI International Inc. (NYSE:TFII - Free Report) by 17.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,602 shares of the company's stock after acquiring an additional 6,475 shares during the period. Toronto Dominion Bank owned about 0.05% of TFI International worth $6,329,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. UMB Bank n.a. purchased a new stake in TFI International during the 1st quarter valued at $136,000. iA Global Asset Management Inc. purchased a new position in TFI International during the 2nd quarter valued at about $240,000. Industrial Alliance Investment Management Inc. raised its position in TFI International by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company's stock valued at $413,000 after purchasing an additional 80 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its holdings in TFI International by 67.0% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company's stock worth $522,000 after buying an additional 1,542 shares during the period. Finally, Hillsdale Investment Management Inc. grew its position in shares of TFI International by 1,200.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company's stock worth $726,000 after buying an additional 4,200 shares during the last quarter. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on TFII. TD Cowen raised their price target on TFI International from $176.00 to $184.00 and gave the stock a "buy" rating in a research note on Monday, July 29th. Desjardins lowered shares of TFI International from a "buy" rating to a "hold" rating in a research note on Wednesday, July 17th. Stephens reissued an "overweight" rating and issued a $176.00 price target on shares of TFI International in a research note on Tuesday, July 30th. JPMorgan Chase & Co. lifted their price objective on TFI International from $170.00 to $184.00 and gave the company an "overweight" rating in a research report on Monday, July 29th. Finally, CIBC upped their target price on TFI International from $167.00 to $179.00 and gave the stock an "outperform" rating in a report on Monday, July 29th. Five research 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, TFI International currently has a consensus rating of "Moderate Buy" and an average target price of $170.33.

TFI International Stock Down 3.3 %

Shares of TFII traded down $4.64 during trading hours on Friday, hitting $137.86. The company had a trading volume of 326,510 shares, compared to its average volume of 259,451. The stock has a market capitalization of $11.66 billion, a price-to-earnings ratio of 24.49, a P/E/G ratio of 1.53 and a beta of 1.55. The firm has a fifty day moving average price of $147.14 and a 200-day moving average price of $145.43. TFI International Inc. has a 52-week low of $104.91 and a 52-week high of $162.13. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.94.

TFI International (NYSE:TFII - Get Free Report) last issued its earnings results on Thursday, July 25th. The company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.10. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The business's revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.59 earnings per share. On average, equities research analysts forecast that TFI International Inc. will post 6.85 EPS for the current fiscal year.

TFI International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.60 annualized dividend and a yield of 1.16%. TFI International's dividend payout ratio is 28.42%.

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.