Toronto Dominion Bank reduced its stake in shares of TFI International Inc. (NYSE:TFII) by 8.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 35,305 shares of the company’s stock after selling 3,277 shares during the quarter. Toronto Dominion Bank’s holdings in TFI International were worth $3,223,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. FORA Capital LLC acquired a new position in shares of TFI International during the 1st quarter worth approximately $33,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of TFI International by 2.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 41,211 shares of the company’s stock worth $3,759,000 after purchasing an additional 1,049 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of TFI International by 10.0% during the 2nd quarter. Geode Capital Management LLC now owns 35,462 shares of the company’s stock worth $3,328,000 after purchasing an additional 3,210 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of TFI International during the 2nd quarter worth approximately $694,000. Finally, Legato Capital Management LLC acquired a new position in shares of TFI International during the 2nd quarter worth approximately $736,000. Institutional investors and hedge funds own 57.07% of the company’s stock.
A number of research analysts recently commented on the company. Scotiabank upped their price objective on TFI International from C$120.00 to C$150.00 and gave the company an “outperform” rating in a report on Tuesday, July 27th. National Bank Financial reiterated an “outperform” rating and issued a C$104.95 price objective (down from C$137.00) on shares of TFI International in a report on Tuesday, July 27th. Zacks Investment Research upgraded TFI International from a “hold” rating to a “buy” rating and set a $112.00 price objective on the stock in a report on Thursday, October 7th. Royal Bank of Canada boosted their target price on TFI International from $107.00 to $126.00 and gave the company an “outperform” rating in a research report on Tuesday, July 27th. Finally, Cowen boosted their target price on TFI International from $112.00 to $119.00 and gave the company an “outperform” rating in a research report on Wednesday, September 15th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $119.27.
TFI International (NYSE:TFII) last issued its quarterly earnings results on Sunday, July 25th. The company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.45. TFI International had a net margin of 9.66% and a return on equity of 21.43%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.62 billion. Analysts forecast that TFI International Inc. will post 4.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Thursday, September 30th will be issued a dividend of $0.182 per share. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 0.69%. TFI International’s dividend payout ratio is currently 27.88%.
TFI International Company Profile
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.
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