Baskin Financial Services Inc. Purchases 5,092 Shares of TFI International Inc. (NYSE:TFII)

Baskin Financial Services Inc. grew its holdings in shares of TFI International Inc. (NYSE:TFII - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 413,366 shares of the company's stock after purchasing an additional 5,092 shares during the quarter. TFI International makes up 2.6% of Baskin Financial Services Inc.'s investment portfolio, making the stock its 21st largest holding. Baskin Financial Services Inc. owned 0.49% of TFI International worth $32,002,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC increased its position in shares of TFI International by 31.5% during the 4th quarter. Geode Capital Management LLC now owns 469,263 shares of the company's stock valued at $64,345,000 after purchasing an additional 112,455 shares during the last quarter. CDAM UK Ltd increased its holdings in TFI International by 2.5% in the 4th quarter. CDAM UK Ltd now owns 381,102 shares of the company's stock worth $51,483,000 after acquiring an additional 9,200 shares during the last quarter. QV Investors Inc. increased its holdings in TFI International by 60.6% in the 1st quarter. QV Investors Inc. now owns 350,096 shares of the company's stock worth $27,103,000 after acquiring an additional 132,166 shares during the last quarter. Amundi increased its holdings in TFI International by 2.4% in the 4th quarter. Amundi now owns 181,202 shares of the company's stock worth $24,134,000 after acquiring an additional 4,266 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in TFI International by 6.4% in the 4th quarter. Bank of New York Mellon Corp now owns 78,621 shares of the company's stock worth $10,621,000 after acquiring an additional 4,763 shares during the last quarter. 73.30% of the stock is owned by hedge funds and other institutional investors.

TFI International Price Performance

Shares of NYSE TFII traded down $0.16 during midday trading on Friday, hitting $93.97. 260,968 shares of the company's stock were exchanged, compared to its average volume of 362,439. TFI International Inc. has a 12-month low of $72.02 and a 12-month high of $158.93. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.86. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.83 and a beta of 1.48. The business's fifty day moving average price is $87.52 and its two-hundred day moving average price is $100.04.

TFI International (NYSE:TFII - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.19). TFI International had a return on equity of 16.69% and a net margin of 4.59%. The business had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.46 billion. As a group, research analysts forecast that TFI International Inc. will post 7.76 EPS for the current fiscal year.

TFI International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Monday, June 30th. TFI International's payout ratio is 39.39%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. CIBC reissued an "outperform" rating on shares of TFI International in a report on Tuesday, May 20th. BMO Capital Markets decreased their price objective on TFI International from $89.00 to $88.00 and set a "market perform" rating for the company in a report on Friday, April 25th. Royal Bank Of Canada decreased their price objective on TFI International from $98.00 to $94.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Bank of America lifted their price objective on TFI International from $73.00 to $90.00 and gave the stock an "underperform" rating in a report on Friday, May 16th. Finally, TD Cowen reduced their target price on TFI International from $128.00 to $115.00 and set a "buy" rating for the company in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $121.50.

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.