Canoe Financial LP Increases Stock Position in TFI International Inc. (NYSE:TFII)

Canoe Financial LP increased its position in TFI International Inc. (NYSE:TFII - Free Report) by 168.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 36,857 shares of the company's stock after acquiring an additional 23,131 shares during the quarter. Canoe Financial LP's holdings in TFI International were worth $2,854,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. lifted its holdings in TFI International by 124.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company's stock worth $32,000 after purchasing an additional 131 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in TFI International by 40.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company's stock valued at $74,000 after purchasing an additional 160 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in TFI International by 7.8% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company's stock valued at $5,046,000 after purchasing an additional 2,696 shares during the period. Bank of New York Mellon Corp grew its position in shares of 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. Finally, Amundi increased its holdings in shares of TFI International by 2.4% in the fourth quarter. Amundi now owns 181,202 shares of the company's stock worth $24,134,000 after purchasing an additional 4,266 shares during the period. 73.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TFII has been the topic of several research analyst reports. Citigroup raised their target price on shares of TFI International from $95.00 to $107.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Susquehanna Bancshares cut their target price on shares of TFI International from $105.00 to $100.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Veritas upgraded shares of TFI International from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 18th. Bank of America upped their price objective on shares of TFI International from $73.00 to $90.00 and gave the company an "underperform" rating in a research note on Friday, May 16th. Finally, TD Cowen cut their target price on TFI International from $128.00 to $115.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $121.50.

TFI International Stock Up 1.2%

Shares of TFII stock traded up $1.06 during mid-day trading on Tuesday, reaching $90.18. 283,977 shares of the company's stock traded hands, compared to its average volume of 355,155. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.86. The company's 50-day moving average price is $85.26 and its 200-day moving average price is $103.77. The company has a market cap of $7.53 billion, a P/E ratio of 19.73, a P/E/G ratio of 2.65 and a beta of 1.49. TFI International Inc. has a 12 month low of $72.02 and a 12 month high of $158.93.

TFI International (NYSE:TFII - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.46 billion. On average, equities analysts expect that TFI International Inc. will post 7.76 earnings per share for the current fiscal year.

TFI International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Monday, June 30th. TFI International's payout ratio is 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.