Van ECK Associates Corp Buys 453 Shares of TFI International Inc. (NYSE:TFII)

Van ECK Associates Corp raised its stake in TFI International Inc. (NYSE:TFII) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,759 shares of the company’s stock after purchasing an additional 453 shares during the quarter. Van ECK Associates Corp’s holdings in TFI International were worth $1,464,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of TFI International in the third quarter worth about $257,000. Barometer Capital Management Inc. purchased a new stake in TFI International in the 3rd quarter worth approximately $1,677,000. Cary Street Partners Investment Advisory LLC purchased a new stake in TFI International in the 3rd quarter worth approximately $27,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of TFI International by 2.5% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 171,301 shares of the company’s stock worth $23,378,000 after buying an additional 4,113 shares during the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

TFI International Stock Up 1.4 %

NYSE:TFII opened at $136.40 on Friday. The firm has a 50-day simple moving average of $149.59 and a two-hundred day simple moving average of $134.77. The firm has a market cap of $11.53 billion, a P/E ratio of 24.23, a P/E/G ratio of 1.02 and a beta of 1.57. TFI International Inc. has a fifty-two week low of $102.94 and a fifty-two week high of $162.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.64 and a current ratio of 1.66.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.15). TFI International had a return on equity of 20.39% and a net margin of 6.44%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Analysts predict that TFI International Inc. will post 6.92 earnings per share for the current fiscal year.

TFI International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.60 annualized dividend and a dividend yield of 1.17%. TFI International’s dividend payout ratio (DPR) is presently 28.24%.

Wall Street Analyst Weigh In

TFII has been the subject of a number of research analyst reports. CIBC dropped their price target on TFI International from $175.00 to $172.00 and set an “outperformer” rating for the company in a research note on Monday, April 29th. Scotiabank upgraded shares of TFI International from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, January 22nd. The Goldman Sachs Group raised their price objective on shares of TFI International from $157.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. BMO Capital Markets upped their target price on TFI International from $130.00 to $140.00 and gave the stock a “market perform” rating in a report on Monday, February 12th. Finally, Morgan Stanley raised their target price on TFI International from $169.00 to $176.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $160.78.

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.