Argent Capital Management LLC Grows Position in TFI International Inc. $TFII

Key Points

• Argent Capital Management LLC significantly increased its holdings in TFI International Inc. by 303.4% during the 2nd quarter, acquiring an additional 107,451 shares, bringing its total ownership to about 0.17% valued at approximately $12.8 million.
• Recent brokerage reviews have set new price targets for TFI International, with JPMorgan Chase raising its target from $101.00 to $116.00 and maintaining an "overweight" rating, contributing to a consensus target price of $117.06.
• TFI International recently announced a quarterly dividend of $0.45 per share, translating to an annualized dividend of $1.80 and a yield of 1.9%, with the dividend payout ratio sitting at 41.28%.

Argent Capital Management LLC boosted its holdings in TFI International Inc. (NYSE:TFII - Free Report) by 303.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 142,864 shares of the company's stock after acquiring an additional 107,451 shares during the quarter. Argent Capital Management LLC owned about 0.17% of TFI International worth $12,811,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. United Services Automobile Association purchased a new position in TFI International in the first quarter worth $217,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of TFI International by 4.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company's stock valued at $698,000 after buying an additional 363 shares in the last quarter. Entropy Technologies LP increased its position in shares of TFI International by 46.9% in the first quarter. Entropy Technologies LP now owns 13,656 shares of the company's stock valued at $1,058,000 after buying an additional 4,361 shares in the last quarter. Canoe Financial LP increased its position in shares of TFI International by 168.5% in the first quarter. Canoe Financial LP now owns 36,857 shares of the company's stock valued at $2,854,000 after buying an additional 23,131 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in shares of TFI International by 10.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 41,278 shares of the company's stock valued at $3,197,000 after buying an additional 3,925 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TFII. JPMorgan Chase & Co. raised their price target on TFI International from $101.00 to $116.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Susquehanna raised their price target on TFI International from $100.00 to $105.00 and gave the company a "positive" rating in a research report on Wednesday, June 18th. Scotiabank cut TFI International from a "sector outperform" rating to a "sector perform" rating in a research report on Thursday, July 10th. Citigroup set a $108.00 price objective on TFI International and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, CIBC decreased their price objective on TFI International from $110.00 to $109.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, TFI International presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.06.

TFI International Stock Performance

TFI International stock opened at $93.39 on Tuesday. The stock's 50-day moving average is $91.64 and its 200-day moving average is $87.23. The company has a market cap of $7.69 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 3.23 and a beta of 1.47. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.05 and a quick ratio of 1.03. TFI International Inc. has a 12 month low of $72.02 and a 12 month high of $155.12.

TFI International (NYSE:TFII - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The company reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.24 by $0.10. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.49 billion. TFI International had a return on equity of 15.45% and a net margin of 4.48%. Equities analysts anticipate that TFI International Inc. will post 7.76 earnings per share for the current year.

TFI International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, September 29th. TFI International's dividend payout ratio (DPR) is 41.28%.

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.

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