AGF Management Ltd. Purchases 16,573 Shares of TFI International Inc. (NYSE:TFII)

AGF Management Ltd. lifted its stake in TFI International Inc. (NYSE:TFII - Free Report) by 67.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,139 shares of the company's stock after purchasing an additional 16,573 shares during the quarter. AGF Management Ltd.'s holdings in TFI International were worth $5,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in TFII. Cary Street Partners Investment Advisory LLC acquired a new position in TFI International during the third quarter valued at approximately $27,000. SG Americas Securities LLC acquired a new position in TFI International during the third quarter valued at approximately $257,000. Van ECK Associates Corp grew its holdings in TFI International by 3.4% during the third quarter. Van ECK Associates Corp now owns 10,306 shares of the company's stock valued at $1,324,000 after purchasing an additional 343 shares during the last quarter. Barometer Capital Management Inc. acquired a new position in TFI International during the third quarter valued at approximately $1,677,000. Finally, Canoe Financial LP grew its holdings in TFI International by 3.9% during the fourth quarter. Canoe Financial LP now owns 24,549 shares of the company's stock valued at $3,339,000 after purchasing an additional 918 shares during the last quarter. 73.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TFII shares. The Goldman Sachs Group boosted their target price on shares of TFI International from $157.00 to $173.00 and gave the stock a "buy" rating in a research report on Thursday, April 11th. CIBC reduced their target price on shares of TFI International from $175.00 to $172.00 and set an "outperformer" rating for the company in a research note on Monday, April 29th. BMO Capital Markets lifted their target price on TFI International from $130.00 to $140.00 and gave the stock a "market perform" rating in a research report on Monday, February 12th. Bank of America upped their price target on TFI International from $154.00 to $166.00 and gave the company a "neutral" rating in a report on Monday, April 15th. Finally, National Bank Financial raised TFI International from a "sector perform under weight" rating to an "outperfrom under weight" rating in a report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $160.78.

TFI International Price Performance

Shares of TFII traded up $0.20 on Monday, hitting $137.87. The company's stock had a trading volume of 204,889 shares, compared to its average volume of 288,880. The company has a market capitalization of $11.66 billion, a PE ratio of 24.45, a PEG ratio of 1.20 and a beta of 1.57. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.66 and a quick ratio of 1.64. TFI International Inc. has a fifty-two week low of $102.94 and a fifty-two week high of $162.13. The company has a 50 day moving average price of $149.14 and a 200 day moving average price of $135.30.

TFI International (NYSE:TFII - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.15). TFI International had a return on equity of 20.39% and a net margin of 6.44%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.89 billion. On average, research analysts anticipate that TFI International Inc. will post 6.84 earnings per share for the current fiscal year.

TFI International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Wednesday, March 27th. TFI International's dividend payout ratio (DPR) is presently 28.42%.

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.