Toronto Dominion Bank Grows Stock Holdings in TFI International Inc. (NYSE:TFII)

Toronto Dominion Bank grew its holdings in TFI International Inc. (NYSE:TFII) by 37.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,112 shares of the company’s stock after buying an additional 16,510 shares during the period. Toronto Dominion Bank owned approximately 0.07% of TFI International worth $8,229,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Summit Global Investments lifted its position in TFI International by 83.7% in 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 during the last quarter. iA Global Asset Management Inc. purchased a new position in shares of TFI International during the 2nd quarter worth about $240,000. NewGen Asset Management Ltd raised its position in TFI International by 5.3% in the 2nd 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 period. AGF Management Ltd. lifted its stake in TFI International by 359.1% in the second quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock worth $16,192,000 after purchasing an additional 87,223 shares during the last quarter. Finally, QV Investors Inc. purchased a new position in shares of TFI International during the third quarter valued at approximately $29,891,000. 73.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TFII. Citigroup increased their price target on TFI International from $158.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Desjardins upgraded TFI International from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. The Goldman Sachs Group cut their price target on shares of TFI International from $189.00 to $184.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. TD Securities reduced 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. Finally, Royal Bank of Canada lowered their price objective on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, TFI International has an average rating of “Moderate Buy” and a consensus price target of $169.19.

TFI International Trading Up 0.2 %

TFII opened at $152.85 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.84. The firm has a market cap of $12.94 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 1.97 and a beta of 1.56. TFI International Inc. has a 12 month low of $115.55 and a 12 month high of $162.13. The stock has a fifty day moving average price of $143.22 and a 200-day moving average price of $144.19.

TFI International (NYSE:TFII) last announced its earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). TFI International had a return on equity of 20.25% and a net margin of 5.67%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the firm posted $1.57 earnings per share. As a group, equities research analysts anticipate that TFI International Inc. will post 6.26 earnings per share for the current fiscal year.

TFI International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.18%. This is an increase from TFI International’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, December 31st. TFI International’s dividend payout ratio (DPR) is 29.09%.

About TFI International

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.