QV Investors Inc. Has $27.10 Million Stock Holdings in TFI International Inc. (NYSE:TFII)

QV Investors Inc. boosted its holdings in shares of TFI International Inc. (NYSE:TFII - Free Report) by 60.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 350,096 shares of the company's stock after acquiring an additional 132,166 shares during the period. TFI International comprises 2.7% of QV Investors Inc.'s portfolio, making the stock its 11th largest holding. QV Investors Inc. owned approximately 0.42% of TFI International worth $27,103,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. lifted its stake in TFI International by 124.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company's stock valued at $32,000 after acquiring an additional 131 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in TFI International by 40.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company's stock worth $74,000 after purchasing an additional 160 shares during the period. Entropy Technologies LP raised its position in shares of TFI International by 97.8% in the 4th quarter. Entropy Technologies LP now owns 9,295 shares of the company's stock valued at $1,256,000 after buying an additional 4,595 shares in the last quarter. Legato Capital Management LLC grew its holdings in TFI International by 8.9% during the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company's stock worth $1,414,000 after acquiring an additional 859 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in TFI International by 7.8% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company's stock worth $5,046,000 after purchasing an additional 2,696 shares during the period. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TFII. Susquehanna cut their price objective on shares of TFI International from $105.00 to $100.00 and set a "positive" rating for the company in a report on Friday, April 25th. Royal Bank of Canada dropped 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 report on Monday, April 28th. CIBC reaffirmed an "outperform" rating on shares of TFI International in a research note on Tuesday, May 20th. TD Cowen lowered their target price on shares of TFI International from $128.00 to $115.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Veritas raised shares of TFI International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.19.

TFI International Stock Up 0.0%

TFI International stock traded up $0.03 during midday trading on Thursday, hitting $87.39. 70,064 shares of the company's stock were exchanged, compared to its average volume of 345,084. The company has a market cap of $7.29 billion, a PE ratio of 17.48, a P/E/G ratio of 1.11 and a beta of 1.51. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03. The firm has a 50-day moving average of $82.48 and a two-hundred day moving average of $109.74. 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 issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.19). The company had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.46 billion. TFI International had a net margin of 5.08% and a return on equity of 18.40%. As a group, analysts expect that TFI International Inc. will post 7.76 earnings per share for the current fiscal year.

TFI International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.06%. The ex-dividend date is Monday, June 30th. TFI International's dividend payout ratio (DPR) is 39.39%.

TFI International Company Profile

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.