Canoe Financial LP Boosts Stake in TFI International Inc. (NYSE:TFII)

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

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. grew its holdings in shares of 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 acquiring an additional 131 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of TFI International by 40.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company's stock worth $74,000 after acquiring an additional 160 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of TFI International by 7.8% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company's stock worth $5,046,000 after acquiring an additional 2,696 shares during the period. Bank of New York Mellon Corp grew its holdings 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 worth $10,621,000 after acquiring an additional 4,763 shares during the period. Finally, Amundi grew its holdings in shares of TFI International by 2.4% during 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 period. Hedge funds and other institutional investors own 73.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TFII. National Bank Financial upgraded TFI International from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. Bank of America upped their price target on TFI International from $73.00 to $90.00 and gave the stock an "underperform" rating in a research note on Friday, May 16th. National Bankshares upped their price target on TFI International from $132.00 to $138.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. The Goldman Sachs Group cut their price target on TFI International from $176.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, TD Cowen cut their price target 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $121.50.

TFI International Price Performance

NYSE TFII opened at $88.04 on Friday. The business's fifty day moving average price is $85.06 and its 200-day moving average price is $104.88. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 2.67 and a beta of 1.49. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 1.02. TFI International Inc. has a 1-year low of $72.02 and a 1-year high of $158.93.

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

TFI International Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.04%. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.