Canoe Financial LP trimmed its holdings in shares of TFI International Inc. (NYSE:TFII - Free Report) by 42.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,099 shares of the company's stock after selling 15,758 shares during the quarter. Canoe Financial LP's holdings in TFI International were worth $1,895,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of TFII. United Services Automobile Association bought a new position in TFI International during the 1st quarter valued at approximately $217,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of TFI International by 4.2% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company's stock worth $698,000 after acquiring an additional 363 shares in the last quarter. Entropy Technologies LP raised its position in shares of TFI International by 46.9% in the 1st quarter. Entropy Technologies LP now owns 13,656 shares of the company's stock worth $1,058,000 after acquiring an additional 4,361 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of TFI International by 10.5% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 41,278 shares of the company's stock worth $3,197,000 after acquiring an additional 3,925 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in shares of TFI International by 877.9% in the 1st quarter. Quantbot Technologies LP now owns 78,466 shares of the company's stock worth $6,077,000 after acquiring an additional 70,442 shares in the last quarter. 73.30% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
TFII has been the topic of several recent research reports. Scotiabank downgraded TFI International from a "sector outperform" rating to a "sector perform" rating in a research note on Thursday, July 10th. Susquehanna raised their price target on TFI International from $100.00 to $105.00 and gave the stock a "positive" rating in a research note on Wednesday, June 18th. UBS Group raised their price target on TFI International from $88.00 to $90.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Citigroup set a $108.00 target price on TFI International and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. raised their price target on TFI International from $101.00 to $116.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, TFI International presently has an average rating of "Moderate Buy" and a consensus price target of $117.06.
Get Our Latest Analysis on TFII
TFI International Trading Up 0.7%
Shares of NYSE:TFII traded up $0.64 during trading hours on Tuesday, hitting $93.89. 33,417 shares of the company's stock traded hands, compared to its average volume of 440,786. TFI International Inc. has a 1 year low of $72.02 and a 1 year high of $155.12. The business has a fifty day moving average price of $91.64 and a 200-day moving average price of $87.23. The firm has a market capitalization of $7.74 billion, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 3.23 and a beta of 1.47. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.05 and a quick ratio of 1.03.
TFI International (NYSE:TFII - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.10. TFI International had a return on equity of 15.45% and a net margin of 4.48%.The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.49 billion. Equities analysts expect that TFI International Inc. will post 7.76 earnings per share for the current year.
TFI International Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.9%. TFI International's dividend payout ratio is presently 41.28%.
TFI International Profile
(
Free Report)
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.
See Also

Before you consider TFI International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TFI International wasn't on the list.
While TFI International currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.