Geode Capital Management LLC Buys 22,566 Shares of TFI International Inc. (NYSE:TFII)

Geode Capital Management LLC raised its holdings in TFI International Inc. (NYSE:TFII - Free Report) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 356,808 shares of the company's stock after buying an additional 22,566 shares during the quarter. Geode Capital Management LLC owned 0.42% of TFI International worth $49,288,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Dixon Mitchell Investment Counsel Inc. grew 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 buying an additional 1,980 shares during the period. QV Investors Inc. acquired a new stake in TFI International in the third quarter valued at approximately $29,891,000. AGF Management Ltd. increased its holdings in shares of TFI International by 359.1% during the second quarter. AGF Management Ltd. now owns 111,515 shares of the company's stock valued at $16,192,000 after acquiring an additional 87,223 shares in the last quarter. Toronto Dominion Bank raised its position in shares of TFI International by 17.4% during the second quarter. Toronto Dominion Bank now owns 43,602 shares of the company's stock worth $6,329,000 after purchasing an additional 6,475 shares during the period. Finally, iA Global Asset Management Inc. raised its position in shares of TFI International by 1,894.5% during the third quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company's stock worth $4,505,000 after purchasing an additional 31,260 shares during the period. 73.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on TFII shares. Susquehanna reduced their price target on shares of TFI International from $180.00 to $170.00 and set a "positive" rating for the company in a research report on Wednesday, October 23rd. Stephens reiterated an "equal weight" rating and set a $149.00 price objective (down from $176.00) on shares of TFI International in a report on Tuesday, October 1st. Citigroup upped their target price on shares of TFI International from $158.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. TD Securities dropped their price target on shares of TFI International from $180.00 to $171.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. Finally, TD Cowen decreased their price objective on TFI International from $180.00 to $171.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $169.19.

TFI International Stock Performance

Shares of NYSE:TFII traded up $2.60 during midday trading on Tuesday, reaching $141.35. The company had a trading volume of 64,612 shares, compared to its average volume of 257,333. The stock has a market cap of $11.96 billion, a P/E ratio of 25.70, a P/E/G ratio of 1.97 and a beta of 1.56. The company's 50 day moving average price is $144.16 and its 200 day moving average price is $144.70. 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 Inc. has a 52-week low of $126.00 and a 52-week high of $162.13.

TFI International (NYSE:TFII - Get Free Report) last issued its earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a net margin of 5.67% and a return on equity of 20.25%. The firm 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 firm earned $1.57 earnings per share. As a group, sell-side analysts anticipate that TFI International Inc. will post 6.26 EPS for the current fiscal year.

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Tuesday, December 31st. This is a positive change from TFI International's previous quarterly dividend of $0.40. TFI International's dividend payout ratio (DPR) is currently 32.73%.

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.