Capstone Investment Advisors LLC purchased a new stake in TFI International Inc. (NYSE:TFII – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,636 shares of the company’s stock, valued at approximately $953,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP bought a new position in shares of TFI International during the second quarter worth about $46,000. State of Wyoming acquired a new position in shares of TFI International in the second quarter worth approximately $56,000. Versant Capital Management Inc boosted its holdings in TFI International by 47.3% in the second quarter. Versant Capital Management Inc now owns 408 shares of the company’s stock valued at $59,000 after acquiring an additional 131 shares during the last quarter. Tacita Capital Inc bought a new stake in TFI International in the second quarter valued at approximately $91,000. Finally, Oslo Pensjonsforsikring AS acquired a new stake in TFI International during the 1st quarter valued at approximately $184,000. Institutional investors and hedge funds own 73.30% of the company’s stock.
TFI International Trading Up 0.9%
Shares of TFII stock opened at $136.41 on Friday. The company has a market cap of $11.21 billion, a P/E ratio of 33.52, a PEG ratio of 0.84 and a beta of 1.62. The stock has a 50 day simple moving average of $143.82 and a two-hundred day simple moving average of $134.23. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.09. TFI International Inc. has a fifty-two week low of $80.63 and a fifty-two week high of $167.69.
TFI International Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, September 30th. TFI International’s payout ratio is presently 46.19%.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the stock. Scotia raised their price target on shares of TFI International from $260.00 to $263.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 28th. UBS Group upped their price objective on shares of TFI International from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Stephens increased their price objective on shares of TFI International from $195.00 to $205.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. National Bank Financial lifted their target price on shares of TFI International from $160.00 to $161.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. Finally, The Goldman Sachs Group boosted their target price on shares of TFI International from $145.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TFI International presently has an average rating of “Moderate Buy” and an average target price of $175.76.
View Our Latest Stock Analysis on TFI International
TFI International Company Profile
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.
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