Plato Investment Management Ltd acquired a new stake in TFI International Inc. (NYSE:TFII – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 12,847 shares of the company’s stock, valued at approximately $1,838,000.
Several other institutional investors also recently modified their holdings of the company. State of Wyoming bought a new stake in shares of TFI International in the 2nd quarter valued at about $56,000. Versant Capital Management Inc grew its holdings in TFI International by 47.3% during the second quarter. Versant Capital Management Inc now owns 408 shares of the company’s stock worth $59,000 after purchasing an additional 131 shares during the period. Oslo Pensjonsforsikring AS bought a new position in TFI International during the first quarter worth about $184,000. Flow Traders U.S. LLC acquired a new position in TFI International during the third quarter worth approximately $207,000. Finally, Ferguson Wellman Capital Management Inc. acquired a new position in TFI International during the first quarter worth approximately $276,000. 73.30% of the stock is currently owned by institutional investors and hedge funds.
TFI International Trading Down 0.6%
Shares of TFII stock opened at $145.71 on Tuesday. TFI International Inc. has a 12-month low of $80.63 and a 12-month high of $167.69. The company has a market capitalization of $11.98 billion, a PE ratio of 35.80, a price-to-earnings-growth ratio of 0.91 and a beta of 1.62. The firm has a 50 day moving average price of $146.39 and a two-hundred day moving average price of $132.95. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 0.83.
TFI International Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 30th. TFI International’s dividend payout ratio is currently 46.19%.
Analysts Set New Price Targets
TFII has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on TFI International from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. BMO Capital Markets reissued a “market perform” rating and set a $170.00 target price (up from $140.00) on shares of TFI International in a report on Tuesday, June 9th. UBS Group raised their price target on TFI International from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Bank of America lifted their price objective on shares of TFI International from $178.00 to $187.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of TFI International from $164.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock 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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