TFI International Inc. $TFII Shares Sold by QV Investors Inc.

QV Investors Inc. lessened its stake in shares of TFI International Inc. (NYSE:TFII) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 409,736 shares of the company’s stock after selling 31,742 shares during the quarter. TFI International makes up approximately 3.5% of QV Investors Inc.’s holdings, making the stock its 11th largest holding. QV Investors Inc. owned 0.50% of TFI International worth $42,407,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TFII. SG Americas Securities LLC acquired a new stake in shares of TFI International during the 4th quarter worth about $112,000. Flow Traders U.S. LLC acquired a new position in shares of TFI International in the third quarter valued at approximately $207,000. Twin Tree Management LP raised its position in shares of TFI International by 6.5% in the third quarter. Twin Tree Management LP now owns 16,527 shares of the company’s stock valued at $1,455,000 after buying an additional 1,013 shares during the last quarter. FourThought Financial Partners LLC purchased a new position in shares of TFI International during the third quarter valued at approximately $245,000. Finally, Dixon Mitchell Investment Counsel Inc. lifted its stake in shares of TFI International by 11.5% during the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 912,039 shares of the company’s stock valued at $80,718,000 after buying an additional 93,705 shares during the period. Institutional investors and hedge funds own 73.30% of the company’s stock.

TFI International Price Performance

TFII opened at $111.49 on Friday. TFI International Inc. has a 1 year low of $72.02 and a 1 year high of $127.44. The company’s 50 day simple moving average is $112.38 and its 200 day simple moving average is $101.77. The stock has a market capitalization of $9.16 billion, a PE ratio of 29.97, a P/E/G ratio of 1.40 and a beta of 1.53. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.02 and a current ratio of 1.03.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.85 by $0.24. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.37 billion. TFI International had a net margin of 3.94% and a return on equity of 13.73%. As a group, sell-side analysts expect that TFI International Inc. will post 7.76 EPS for the current year.

TFI International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, March 31st. TFI International’s dividend payout ratio is presently 50.54%.

Wall Street Analysts Forecast Growth

Several analysts have commented on TFII shares. Royal Bank Of Canada lifted their target price on shares of TFI International from $125.00 to $137.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Scotiabank reissued a “sector perform” rating on shares of TFI International in a research note on Wednesday, January 21st. The Goldman Sachs Group raised their price objective on TFI International from $116.00 to $128.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Bank of America raised TFI International from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $111.00 to $123.00 in a research report on Thursday, February 19th. Finally, UBS Group upped their target price on TFI International from $101.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $127.75.

About TFI International

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.