Toronto Dominion Bank Raises Holdings in TFI International Inc. (NYSE:TFII)

Toronto Dominion Bank lifted its stake in TFI International Inc. (NYSE:TFII) by 37.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,112 shares of the company’s stock after purchasing an additional 16,510 shares during the quarter. Toronto Dominion Bank’s holdings in TFI International were worth $8,229,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TFII. Plato Investment Management Ltd purchased a new stake in TFI International during the 3rd quarter valued at about $134,000. NewGen Asset Management Ltd lifted its holdings in shares of TFI International by 5.3% during the second quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock worth $2,903,000 after purchasing an additional 1,000 shares during the period. iA Global Asset Management Inc. purchased a new stake in TFI International in the second quarter valued at approximately $240,000. Dixon Mitchell Investment Counsel Inc. increased its holdings in TFI International by 0.4% in the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company’s stock worth $74,242,000 after buying an additional 1,980 shares during the period. Finally, Summit Global Investments raised its position in TFI International by 83.7% during the 2nd quarter. Summit Global Investments now owns 6,610 shares of the company’s stock worth $959,000 after buying an additional 3,012 shares during the last quarter. 73.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TFII. Stifel Nicolaus downgraded shares of TFI International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $158.00 to $142.00 in a report on Wednesday, October 23rd. TD Cowen cut their price target on TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their price objective on TFI International from $181.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada dropped their target price on TFI International from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, Citigroup lifted their price target on TFI International from $158.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $169.19.

TFI International Trading Up 0.2 %

TFII stock opened at $152.85 on Friday. TFI International Inc. has a 12-month low of $115.55 and a 12-month high of $162.13. The business’s 50-day moving average is $143.22 and its 200 day moving average is $144.19. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.84. The stock has a market cap of $12.94 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 1.97 and a beta of 1.56.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a return on equity of 20.25% and a net margin of 5.67%. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the firm posted $1.57 earnings per share. On average, sell-side analysts anticipate that TFI International Inc. will post 6.26 EPS for the current fiscal year.

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.18%. This is a boost from TFI International’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, December 31st. TFI International’s dividend payout ratio is 29.09%.

TFI International 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.