38,452 Shares in TFI International Inc. $TFII Bought by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC bought a new stake in TFI International Inc. (NYSE:TFII) during the 3rd quarter, Holdings Channel.com reports. The fund bought 38,452 shares of the company’s stock, valued at approximately $3,385,000.

A number of other large investors have also added to or reduced their stakes in TFII. Dixon Mitchell Investment Counsel Inc. lifted its position in shares of TFI International by 44.4% during the second quarter. Dixon Mitchell Investment Counsel Inc. now owns 818,334 shares of the company’s stock valued at $73,714,000 after buying an additional 251,444 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of TFI International by 19.1% during the 2nd quarter. Geode Capital Management LLC now owns 632,426 shares of the company’s stock worth $57,214,000 after acquiring an additional 101,218 shares in the last quarter. Baskin Financial Services Inc. raised its stake in shares of TFI International by 1.7% during the 3rd quarter. Baskin Financial Services Inc. now owns 427,359 shares of the company’s stock worth $37,582,000 after acquiring an additional 7,207 shares in the last quarter. QV Investors Inc. lifted its position in TFI International by 0.8% during the second quarter. QV Investors Inc. now owns 352,781 shares of the company’s stock valued at $31,604,000 after acquiring an additional 2,685 shares during the last quarter. Finally, Argent Capital Management LLC boosted its stake in TFI International by 303.4% in the second quarter. Argent Capital Management LLC now owns 142,864 shares of the company’s stock valued at $12,811,000 after acquiring an additional 107,451 shares in the last quarter. 73.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TFII has been the topic of several analyst reports. Citigroup upped their price target on TFI International from $106.00 to $131.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Weiss Ratings restated a “hold (c)” rating on shares of TFI International in a research note on Monday, December 29th. CIBC reaffirmed an “outperform” rating and set a $121.00 target price on shares of TFI International in a research report on Thursday, January 8th. UBS Group increased their price target on TFI International from $90.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, October 3rd. Finally, Stephens set a $115.00 price target on TFI International in a research note on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $119.87.

TFI International Trading Down 0.0%

Shares of NYSE:TFII opened at $111.44 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.88. TFI International Inc. has a 52-week low of $72.02 and a 52-week high of $140.35. The stock has a market cap of $9.15 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 5.14 and a beta of 1.49. The business has a 50-day moving average price of $97.68 and a 200-day moving average price of $93.55.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. TFI International had a net margin of 4.06% and a return on equity of 14.20%. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.49 billion. Equities analysts predict that TFI International Inc. will post 7.76 EPS for the current year.

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.47 per share. This is a boost from TFI International’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, December 31st. TFI International’s payout ratio is presently 48.45%.

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.