TFI International Inc. (NYSE:TFII) Shares Sold by Argent Capital Management LLC

Argent Capital Management LLC lessened its stake in TFI International Inc. (NYSE:TFII) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 179,769 shares of the company’s stock after selling 1,638 shares during the period. Argent Capital Management LLC owned about 0.21% of TFI International worth $26,095,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TFII. Hillsdale Investment Management Inc. increased its position in shares of TFI International by 1,200.0% in the first quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after buying an additional 4,200 shares in the last quarter. Mediolanum International Funds Ltd purchased a new stake in TFI International in the 1st quarter worth $10,118,000. Russell Investments Group Ltd. lifted its holdings in TFI International by 14.3% during the first quarter. Russell Investments Group Ltd. now owns 54,497 shares of the company’s stock valued at $8,699,000 after purchasing an additional 6,808 shares in the last quarter. CDAM UK Ltd grew its position in shares of TFI International by 6.9% in the fourth quarter. CDAM UK Ltd now owns 381,912 shares of the company’s stock valued at $51,932,000 after purchasing an additional 24,730 shares during the period. Finally, AGF Management Ltd. raised its position in shares of TFI International by 67.5% during the 4th quarter. AGF Management Ltd. now owns 41,139 shares of the company’s stock worth $5,596,000 after purchasing an additional 16,573 shares during the last quarter. 73.30% of the stock is owned by hedge funds and other institutional investors.

TFI International Stock Up 1.7 %

Shares of NYSE TFII traded up $2.52 during midday trading on Friday, hitting $150.13. The company’s stock had a trading volume of 205,086 shares, compared to its average volume of 261,538. TFI International Inc. has a 1 year low of $104.91 and a 1 year high of $162.13. The business’s fifty day simple moving average is $147.16 and its two-hundred day simple moving average is $145.51. The firm has a market capitalization of $12.70 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 1.53 and a beta of 1.56. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.92.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.61 by $0.10. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the firm posted $1.59 earnings per share. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. On average, equities analysts predict that TFI International Inc. will post 6.86 EPS for the current year.

TFI International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.40 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.60 annualized dividend and a yield of 1.07%. TFI International’s dividend payout ratio (DPR) is 28.42%.

Analyst Ratings Changes

TFII has been the subject of several research reports. National Bank Financial lowered TFI International from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Bank of America raised their price target on shares of TFI International from $148.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. TD Cowen raised their target price on shares of TFI International from $176.00 to $184.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Stifel Nicolaus upped their price target on TFI International from $151.00 to $162.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada boosted their price objective on TFI International from $162.00 to $171.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $170.33.

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.