Plato Investment Management Ltd bought a new stake in shares of TFI International Inc. (NYSE:TFII – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 12,847 shares of the company’s stock, valued at approximately $1,838,000.
Other large investors also recently made changes to their positions in the company. State of Wyoming acquired a new stake in shares of TFI International in the 2nd quarter valued at approximately $56,000. Versant Capital Management Inc grew its holdings in TFI International by 47.3% during the second quarter. Versant Capital Management Inc now owns 408 shares of the company’s stock valued at $59,000 after purchasing an additional 131 shares during the period. Oslo Pensjonsforsikring AS bought a new stake in TFI International in the first quarter valued at approximately $184,000. Flow Traders U.S. LLC bought a new stake in TFI International in the third quarter valued at approximately $207,000. Finally, Ferguson Wellman Capital Management Inc. acquired a new stake in TFI International in the first quarter worth $276,000. Institutional investors and hedge funds own 73.30% of the company’s stock.
TFI International Trading Down 0.6%
TFI International stock opened at $145.71 on Tuesday. The company has a market cap of $11.98 billion, a price-to-earnings ratio of 35.80, a P/E/G ratio of 0.91 and a beta of 1.62. The firm has a 50-day moving average of $146.39 and a 200-day moving average of $132.95. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.09 and a quick ratio of 1.08. TFI International Inc. has a one year low of $80.63 and a one year high of $167.69.
TFI International Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 1.3%. TFI International’s payout ratio is 46.19%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on TFII shares. BMO Capital Markets reiterated a “market perform” rating and issued a $170.00 price target (up from $140.00) on shares of TFI International in a report on Tuesday, June 9th. Wall Street Zen upgraded TFI International from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Stifel Nicolaus lifted their price target on TFI International from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday, July 28th. Zacks Research upgraded TFI International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of TFI International in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $175.76.
Check Out Our Latest Analysis on TFII
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.
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