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

Baskin Financial Services Inc. grew its position in shares of TFI International Inc. (NYSE:TFII - Free Report) by 1.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 413,366 shares of the company's stock after acquiring an additional 5,092 shares during the quarter. TFI International comprises 2.6% of Baskin Financial Services Inc.'s portfolio, making the stock its 21st biggest position. Baskin Financial Services Inc. owned about 0.49% of TFI International worth $32,002,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in TFI International by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 78,621 shares of the company's stock valued at $10,621,000 after purchasing an additional 4,763 shares in the last quarter. QV Investors Inc. raised its holdings in TFI International by 60.6% during the first quarter. QV Investors Inc. now owns 350,096 shares of the company's stock valued at $27,103,000 after buying an additional 132,166 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of TFI International by 31.5% in the fourth quarter. Geode Capital Management LLC now owns 469,263 shares of the company's stock worth $64,345,000 after purchasing an additional 112,455 shares during the period. Canoe Financial LP increased its stake 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 worth $2,854,000 after purchasing an additional 23,131 shares during the period. Finally, CDAM UK Ltd increased its stake in TFI International by 2.5% during the fourth quarter. CDAM UK Ltd now owns 381,102 shares of the company's stock valued at $51,483,000 after acquiring an additional 9,200 shares during the period. Hedge funds and other institutional investors own 73.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TFII shares. Citigroup lifted their price objective on TFI International from $95.00 to $107.00 and gave the company a "buy" rating in a report on Friday, April 25th. Royal Bank Of Canada reduced their target price on shares of TFI International from $98.00 to $94.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Susquehanna Bancshares cut their target price on shares of TFI International from $105.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. UBS Group lowered their target price on shares of TFI International from $107.00 to $88.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Finally, National Bankshares increased their price target on shares of TFI International from $132.00 to $138.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $121.50.

TFI International Stock Down 0.2%

TFII traded down $0.16 during midday trading on Thursday, hitting $93.97. The company had a trading volume of 260,968 shares, compared to its average volume of 361,624. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 2.83 and a beta of 1.48. The stock's 50 day moving average price is $87.05 and its 200 day moving average price is $101.42. TFI International Inc. has a 52 week low of $72.02 and a 52 week high of $158.93. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.86.

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

TFI International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 yield of 1.92%. The ex-dividend date is Monday, June 30th. TFI International's dividend payout ratio (DPR) is presently 39.39%.

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.