TFI International Inc. (NYSE:TFII) Plans Quarterly Dividend of $0.35

TFI International Inc. (NYSE:TFII – Get Rating) announced a quarterly dividend on Wednesday, March 15th, Zacks reports. Investors of record on Friday, March 31st will be given a dividend of 0.35 per share on Monday, April 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, March 30th.

TFI International has a dividend payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Analysts expect TFI International to earn $8.71 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 16.1%.

TFI International Stock Up 0.6 %

NYSE:TFII opened at $119.00 on Friday. TFI International has a 1 year low of $71.63 and a 1 year high of $128.93. The stock has a 50-day moving average price of $117.41 and a two-hundred day moving average price of $105.79. The stock has a market cap of $10.29 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 0.90 and a beta of 1.57. The company has a current ratio of 1.31, a quick ratio of 1.28 and a debt-to-equity ratio of 0.52.

TFI International (NYSE:TFII – Get Rating) last issued its quarterly earnings data on Monday, February 6th. The company reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.01). The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.07 billion. TFI International had a net margin of 9.34% and a return on equity of 30.98%. TFI International’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.57 earnings per share. As a group, equities analysts expect that TFI International will post 7.62 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Susquehanna upped their target price on shares of TFI International from $105.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday, February 9th. Cowen lifted their target price on TFI International from $123.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, December 8th. Desjardins upped their price target on TFI International from C$172.00 to C$189.00 in a research report on Tuesday, February 7th. Cowen lifted their price objective on shares of TFI International from $125.00 to $148.00 in a report on Tuesday, February 7th. Finally, Credit Suisse Group increased their target price on shares of TFI International from $122.00 to $129.00 and gave the stock an “outperform” rating in a report on Tuesday, February 7th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.75.

Institutional Investors Weigh In On TFI International

A number of large investors have recently added to or reduced their stakes in TFII. Amundi increased its holdings in shares of TFI International by 6.1% in the fourth quarter. Amundi now owns 161,222 shares of the company’s stock valued at $17,286,000 after purchasing an additional 9,262 shares during the last quarter. Bank of New York Mellon Corp grew its stake in TFI International by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 132,859 shares of the company’s stock valued at $12,022,000 after buying an additional 1,208 shares during the last quarter. Marshall Wace LLP bought a new position in TFI International in the 4th quarter valued at about $5,941,000. Neuberger Berman Group LLC lifted its position in TFI International by 17.9% during the third quarter. Neuberger Berman Group LLC now owns 33,450 shares of the company’s stock worth $3,106,000 after acquiring an additional 5,068 shares during the last quarter. Finally, US Bancorp DE lifted its position in TFI International by 1,700.8% during the first quarter. US Bancorp DE now owns 4,376 shares of the company’s stock worth $466,000 after acquiring an additional 4,133 shares during the last quarter. Institutional investors own 60.31% of the company’s stock.

TFI International Company Profile

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TFI International, Inc engages in the provision of freight transportation and logistics services. It operates through the following segments: Package and Courier, Less-Than-Truckload, Truckload, and Logistics. The Package and Courier segment consists of pickup, transport, and delivery of items across North America.