TFI International Inc. (NYSE:TFII) is CDAM UK Ltd’s 10th Largest Position

CDAM UK Ltd lowered its stake in TFI International Inc. (NYSE:TFII) by 9.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 371,902 shares of the company’s stock after selling 39,410 shares during the quarter. TFI International makes up about 7.5% of CDAM UK Ltd’s holdings, making the stock its 10th biggest position. CDAM UK Ltd’s holdings in TFI International were worth $50,910,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Industrial Alliance Investment Management Inc. lifted its position in shares of TFI International by 3.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock valued at $413,000 after acquiring an additional 80 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. boosted its stake in shares of TFI International by 1.3% during the 2nd quarter. Dixon Mitchell Investment Counsel Inc. now owns 537,835 shares of the company’s stock worth $78,394,000 after purchasing an additional 6,887 shares during the last quarter. Summit Global Investments grew its holdings in shares of TFI International by 83.7% during the second quarter. Summit Global Investments now owns 6,610 shares of the company’s stock worth $959,000 after buying an additional 3,012 shares in the last quarter. iA Global Asset Management Inc. purchased a new position in shares of TFI International during the second quarter valued at approximately $240,000. Finally, NewGen Asset Management Ltd boosted 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 last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

TFI International Price Performance

Shares of NYSE TFII opened at $148.73 on Monday. The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.92 and a beta of 1.55. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96. TFI International Inc. has a 1-year low of $111.72 and a 1-year high of $162.13. The business has a 50-day moving average of $140.43 and a 200-day moving average of $142.49.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.19). The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.28 billion. TFI International had a net margin of 5.67% and a return on equity of 20.25%. During the same period last year, the business earned $1.57 EPS. On average, equities 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 paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from TFI International’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.21%. TFI International’s dividend payout ratio (DPR) is currently 29.09%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TFII. Stifel Nicolaus lowered TFI International from a “buy” rating to a “hold” rating and dropped their target price for the company from $158.00 to $142.00 in a research note on Wednesday, October 23rd. TD Securities dropped their price objective on shares of TFI International from $180.00 to $171.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. The Goldman Sachs Group decreased their target price on shares of TFI International from $189.00 to $184.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Citigroup upped their price target on shares of TFI International from $158.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, TD Cowen cut their price target on shares of TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $168.56.

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.