JARISLOWSKY FRASER Ltd Sells 102,189 Shares of TFI International Inc. $TFII

JARISLOWSKY FRASER Ltd reduced its stake in TFI International Inc. (NYSE:TFII) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,201,844 shares of the company’s stock after selling 102,189 shares during the period. TFI International makes up 1.5% of JARISLOWSKY FRASER Ltd’s portfolio, making the stock its 21st largest holding. JARISLOWSKY FRASER Ltd’s holdings in TFI International were worth $281,847,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Baskin Financial Services Inc. lifted its position in shares of TFI International by 1.7% in the third quarter. Baskin Financial Services Inc. now owns 427,359 shares of the company’s stock worth $37,582,000 after buying an additional 7,207 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of TFI International by 104.0% in the second quarter. BNP Paribas Financial Markets now owns 125,737 shares of the company’s stock valued at $11,275,000 after purchasing an additional 64,108 shares in the last quarter. Marshall Wace LLP bought a new stake in TFI International in the second quarter worth $294,000. Kennedy Capital Management LLC lifted its position in TFI International by 23.1% during the second quarter. Kennedy Capital Management LLC now owns 96,163 shares of the company’s stock valued at $8,623,000 after purchasing an additional 18,049 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. grew its stake in shares of TFI International by 44.4% in the 2nd quarter. Dixon Mitchell Investment Counsel Inc. now owns 818,334 shares of the company’s stock worth $73,714,000 after buying an additional 251,444 shares in the last quarter. 73.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TFII has been the topic of several analyst reports. Morgan Stanley reissued an “overweight” rating and set a $160.00 price objective on shares of TFI International in a research note on Monday, December 8th. Stifel Nicolaus raised their price objective on shares of TFI International from $93.00 to $100.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Susquehanna cut their target price on TFI International from $115.00 to $105.00 and set a “positive” rating on the stock in a research note on Monday, November 3rd. CIBC boosted their price objective on TFI International from $109.00 to $112.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Finally, Royal Bank Of Canada increased their target price on TFI International from $102.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.40.

TFI International Stock Up 3.2%

Shares of NYSE:TFII opened at $106.62 on Friday. The business’s 50 day moving average is $94.25 and its 200 day moving average is $92.31. The stock has a market cap of $8.76 billion, a P/E ratio of 27.48, a price-to-earnings-growth ratio of 4.68 and a beta of 1.50. TFI International Inc. has a 52-week low of $72.02 and a 52-week high of $140.35. 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 (NYSE:TFII) last issued its earnings results on Thursday, October 30th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. TFI International had a return on equity of 14.20% and a net margin of 4.06%.The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.49 billion. Sell-side analysts predict that TFI International Inc. will post 7.76 EPS for the current year.

TFI International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a boost from TFI International’s previous quarterly dividend of $0.45. TFI International’s dividend payout ratio is currently 48.45%.

About TFI International

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.