TFI International Inc. (NYSE:TFII) Shares Sold by Baskin Financial Services Inc.

Baskin Financial Services Inc. reduced its stake in shares of TFI International Inc. (NYSE:TFII - Free Report) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 445,113 shares of the company's stock after selling 13,416 shares during the quarter. TFI International comprises 5.5% of Baskin Financial Services Inc.'s portfolio, making the stock its 3rd biggest position. Baskin Financial Services Inc. owned 0.53% of TFI International worth $60,523,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC bought a new position in shares of TFI International during the 3rd quarter valued at about $27,000. Pinebridge Investments L.P. bought a new stake in TFI International in the 2nd quarter valued at approximately $54,000. SG Americas Securities LLC bought a new stake in TFI International in the 3rd quarter valued at approximately $257,000. Ensign Peak Advisors Inc lifted its stake in TFI International by 94.1% in the 3rd quarter. Ensign Peak Advisors Inc now owns 3,300 shares of the company's stock valued at $315,000 after acquiring an additional 1,600 shares in the last quarter. Finally, US Bancorp DE lifted its stake in TFI International by 1,700.8% in the 1st quarter. US Bancorp DE now owns 4,376 shares of the company's stock valued at $466,000 after acquiring an additional 4,133 shares in the last quarter. 73.30% of the stock is currently owned by institutional investors and hedge funds.

TFI International Stock Down 0.5 %

Shares of NYSE:TFII traded down $0.82 during mid-day trading on Tuesday, hitting $158.09. 227,860 shares of the company traded hands, compared to its average volume of 275,304. The stock has a market cap of $13.36 billion, a P/E ratio of 27.21, a P/E/G ratio of 4.25 and a beta of 1.52. The company has a current ratio of 1.25, a quick ratio of 1.23 and a debt-to-equity ratio of 0.66. TFI International Inc. has a 12-month low of $100.96 and a 12-month high of $161.98. The stock has a 50-day moving average price of $146.92 and a two-hundred day moving average price of $131.20.

TFI International (NYSE:TFII - Get Free Report) last announced its earnings results on Friday, February 9th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.04. The company had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $1.95 billion. TFI International had a return on equity of 20.92% and a net margin of 6.71%. TFI International's quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.72 earnings per share. On average, equities research analysts forecast that TFI International Inc. will post 7.55 earnings per share for the current year.

TFI International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.60 annualized dividend and a yield of 1.01%. TFI International's dividend payout ratio is currently 27.54%.

Wall Street Analyst Weigh In

Several research firms have commented on TFII. CIBC boosted their target price on TFI International from $167.00 to $175.00 and gave the company an "outperformer" rating in a research note on Tuesday. Bank of America upped their target price on TFI International from $127.00 to $140.00 and gave the company a "neutral" rating in a research report on Tuesday, December 26th. Stifel Nicolaus upped their price objective on TFI International from $148.00 to $149.00 and gave the stock a "buy" rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. dropped their price objective on TFI International from $133.00 to $132.00 and set an "overweight" rating for the company in a research report on Thursday, December 21st. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $155.00 target price on shares of TFI International in a research report on Monday, February 12th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, TFI International currently has a consensus rating of "Moderate Buy" and an average target price of $156.72.

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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