Vaughan Nelson Investment Management L.P. lessened its stake in shares of TFI International Inc. (NYSE:TFII - Free Report) by 17.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 219,005 shares of the company's stock after selling 44,783 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.26% of TFI International worth $29,980,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Plato Investment Management Ltd acquired a new position in TFI International in the third quarter valued at $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 stake in TFI International by 3.2% during the first 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. Entropy Technologies LP purchased a new position in TFI International during the third quarter worth approximately $643,000. Finally, Hillsdale Investment Management Inc. boosted its holdings 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 valued at $726,000 after purchasing an additional 4,200 shares during the last quarter. Institutional investors and hedge funds own 73.30% of the company's stock.
Analyst Ratings Changes
Several research analysts recently weighed in on TFII shares. National Bank Financial lowered TFI International from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 26th. Royal Bank of Canada reduced their price objective on TFI International from $167.00 to $160.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their target price on TFI International from $181.00 to $178.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Bank of America cut their price target on shares of TFI International from $152.00 to $143.00 and set a "neutral" rating on the stock in a report on Tuesday, October 22nd. Finally, Susquehanna cut their target price on shares of TFI International from $180.00 to $170.00 and set a "positive" rating on the stock in a research note on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $168.56.
Read Our Latest Research Report on TFII
TFI International Stock Down 0.1 %
TFII traded down $0.20 during trading on Monday, hitting $143.46. The company had a trading volume of 219,882 shares, compared to its average volume of 263,483. TFI International Inc. has a 1-year low of $111.72 and a 1-year high of $162.13. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96. The company has a market cap of $12.14 billion, a PE ratio of 26.19, a P/E/G ratio of 1.85 and a beta of 1.55. The business has a 50-day moving average of $140.03 and a 200-day moving average of $142.08.
TFI International (NYSE:TFII - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a return on equity of 20.25% and a net margin of 5.67%. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the business posted $1.57 EPS. As a group, analysts forecast that TFI International Inc. will post 6.26 earnings per share for the current year.
TFI International Increases Dividend
The company also recently declared 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 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%. The ex-dividend date is Tuesday, December 31st. TFI International's dividend payout ratio is currently 32.73%.
About TFI International
(
Free Report)
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.
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