TFI International Inc. (NYSE:TFII) is CDAM UK Ltd's 10th Largest Position

CDAM UK Ltd cut its holdings in TFI International Inc. (NYSE:TFII - Free Report) by 9.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 371,902 shares of the company's stock after selling 39,410 shares during the quarter. TFI International comprises 7.5% of CDAM UK Ltd's holdings, making the stock its 10th largest position. CDAM UK Ltd owned 0.44% of TFI International worth $50,910,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Plato Investment Management Ltd purchased a new position in TFI International in the 3rd quarter worth $134,000. iA Global Asset Management Inc. purchased a new stake in TFI International in the second quarter valued at approximately $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 worth $413,000 after buying an additional 80 shares during the last quarter. Entropy Technologies LP acquired a new stake in TFI International during the 3rd quarter valued at approximately $643,000. Finally, Summit Global Investments boosted its holdings in shares of TFI International by 83.7% in the 2nd quarter. Summit Global Investments now owns 6,610 shares of the company's stock valued at $959,000 after acquiring an additional 3,012 shares during the last quarter. Institutional investors and hedge funds own 73.30% of the company's stock.

TFI International Trading Up 0.7 %

NYSE TFII traded up $1.10 on Monday, reaching $149.83. 222,076 shares of the company were exchanged, compared to its average volume of 261,871. TFI International Inc. has a fifty-two week low of $111.72 and a fifty-two week high of $162.13. The stock has a market capitalization of $12.68 billion, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.55. The business's fifty day moving average price is $140.43 and its 200 day moving average price is $142.49. 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. Analysts forecast that TFI International Inc. will post 6.26 earnings per share for the current year.

TFI International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 dividend yield of 1.20%. This is an increase from TFI International's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, December 31st. TFI International's dividend payout ratio (DPR) is presently 29.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TFII shares. Stephens reaffirmed an "equal weight" rating and issued a $149.00 price target (down from $176.00) on shares of TFI International in a report on Tuesday, October 1st. Stifel Nicolaus downgraded TFI International from a "buy" rating to a "hold" rating and decreased their price target for the company from $158.00 to $142.00 in a report on Wednesday, October 23rd. TD Securities dropped their price objective on shares of TFI International from $180.00 to $171.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. Bank of America decreased their target price on shares of TFI International from $152.00 to $143.00 and set a "neutral" rating for the company in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group cut their price objective on shares of TFI International from $189.00 to $184.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $168.56.

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.