Baskin Financial Services Inc. Lowers Stake in TFI International Inc. (NYSE:TFII)

Baskin Financial Services Inc. lowered its stake in shares of TFI International Inc. (NYSE:TFII - Free Report) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 411,411 shares of the company's stock after selling 4,491 shares during the quarter. TFI International accounts for 4.6% of Baskin Financial Services Inc.'s investment portfolio, making the stock its 5th biggest position. Baskin Financial Services Inc. owned 0.49% of TFI International worth $56,314,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in TFII. Industrial Alliance Investment Management Inc. raised its position 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 purchasing an additional 80 shares during the period. Van ECK Associates Corp raised its position in TFI International by 6.9% in the 1st quarter. Van ECK Associates Corp now owns 11,502 shares of the company's stock worth $1,835,000 after purchasing an additional 743 shares during the period. NewGen Asset Management Ltd raised its position in 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. Steamboat Capital Partners LLC raised its position in TFI International by 1.6% in the 1st quarter. Steamboat Capital Partners LLC now owns 70,293 shares of the company's stock worth $11,214,000 after purchasing an additional 1,086 shares during the period. Finally, iA Global Asset Management Inc. purchased a new position in TFI International in the 2nd quarter worth $240,000. Hedge funds and other institutional investors own 73.30% of the company's stock.

TFI International Stock Up 0.9 %

NYSE:TFII traded up $1.31 during mid-day trading on Wednesday, hitting $140.63. 232,545 shares of the company's stock were exchanged, compared to its average volume of 260,067. TFI International Inc. has a one year low of $104.91 and a one year high of $162.13. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.92. The business has a fifty day moving average price of $143.41 and a 200 day moving average price of $143.70. The company has a market cap of $11.90 billion, a PE ratio of 24.74, a P/E/G ratio of 1.47 and a beta of 1.55.

TFI International (NYSE:TFII - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.61 by $0.10. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.28 billion. TFI International had a net margin of 5.93% and a return on equity of 20.48%. TFI International's quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.59 earnings per share. Equities analysts predict that TFI International Inc. will post 6.71 EPS for the current year.

TFI International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.40 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.60 annualized dividend and a dividend yield of 1.14%. TFI International's dividend payout ratio is presently 28.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TFII shares. Royal Bank of Canada lifted their target price on shares of TFI International from $162.00 to $171.00 and gave the stock an "outperform" rating in a research report on Monday, July 29th. National Bank Financial cut shares of TFI International from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 26th. Citigroup assumed coverage on shares of TFI International in a research report on Wednesday, October 9th. They issued a "buy" rating and a $159.00 price objective on the stock. Cormark upgraded shares of TFI International from a "hold" rating to a "moderate buy" rating in a research report on Monday, July 15th. Finally, Stephens restated an "equal weight" rating and issued a $149.00 price objective (down previously from $176.00) on shares of TFI International in a research report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $168.13.

TFI International Company 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.