Baskin Financial Services Inc. Increases Stake in TFI International Inc. $TFII

Key Points

• Baskin Financial Services Inc. increased its stake in TFI International Inc. by 1.6%, owning approximately 420,152 shares valued at $37.7 million as of its latest SEC filing.
• TFI International's stock recently saw a decline of 2.6% and has a market capitalization of $7.48 billion, with a PE ratio of 20.82.
• The company declared a quarterly dividend of $0.45 per share, representing an annualized yield of 2.0%, payable on October 15th.

Baskin Financial Services Inc. lifted its stake in shares of TFI International Inc. (NYSE:TFII - Free Report) by 1.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 420,152 shares of the company's stock after buying an additional 6,786 shares during the quarter. TFI International comprises 2.9% of Baskin Financial Services Inc.'s portfolio, making the stock its 17th largest position. Baskin Financial Services Inc. owned approximately 0.51% of TFI International worth $37,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. increased its position in shares of TFI International by 4.2% during 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 during the period. Argent Capital Management LLC increased its position in shares of TFI International by 303.4% during the second quarter. Argent Capital Management LLC now owns 142,864 shares of the company's stock valued at $12,811,000 after buying an additional 107,451 shares during the period. Quantbot Technologies LP increased its position in shares of TFI International by 877.9% during the first quarter. Quantbot Technologies LP now owns 78,466 shares of the company's stock valued at $6,077,000 after buying an additional 70,442 shares during the period. Canoe Financial LP increased its position in shares of TFI International by 168.5% during 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 during the period. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in shares of TFI International by 10.5% during 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 during the period. Hedge funds and other institutional investors own 73.30% of the company's stock.

TFI International Stock Down 2.6%

Shares of TFI International stock opened at $90.76 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.03 and a current ratio of 1.05. The stock has a market capitalization of $7.48 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 3.27 and a beta of 1.45. TFI International Inc. has a 52-week low of $72.02 and a 52-week high of $155.12. The company has a 50-day simple moving average of $91.89 and a two-hundred day simple moving average of $87.86.

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

TFI International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.45 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.0%. TFI International's payout ratio is currently 41.28%.

Analyst Ratings Changes

Several brokerages recently issued reports on TFII. Stifel Nicolaus increased their price target on shares of TFI International from $88.00 to $91.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. CIBC lowered their price target on shares of TFI International from $110.00 to $109.00 and set an "outperform" rating for the company in a research report on Wednesday, September 17th. Bank of America lifted their price target on shares of TFI International from $90.00 to $92.00 and gave the company an "underperform" rating in a research report on Tuesday, July 29th. Susquehanna lifted their price target on shares of TFI International from $100.00 to $105.00 and gave the company a "positive" rating in a research report on Wednesday, June 18th. Finally, TD Cowen lowered their price target on shares of TFI International from $115.00 to $107.00 and set a "buy" rating for the company in a research report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $120.18.

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.

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