Public Employees Retirement System of Ohio Lowers Holdings in TFI International Inc. $TFII

Public Employees Retirement System of Ohio decreased its holdings in TFI International Inc. (NYSE:TFII) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,892 shares of the company’s stock after selling 734 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in TFI International were worth $1,156,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of TFI International by 4.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company’s stock valued at $698,000 after purchasing an additional 363 shares during the period. Argent Capital Management LLC raised its holdings 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. Baskin Financial Services Inc. raised its holdings in TFI International by 1.2% in the first quarter. Baskin Financial Services Inc. now owns 413,366 shares of the company’s stock valued at $32,002,000 after acquiring an additional 5,092 shares in the last quarter. Quantbot Technologies LP raised its holdings in TFI International by 877.9% in the first quarter. Quantbot Technologies LP now owns 78,466 shares of the company’s stock valued at $6,077,000 after acquiring an additional 70,442 shares in the last quarter. Finally, Canoe Financial LP raised its holdings in TFI International by 168.5% in the first quarter. Canoe Financial LP now owns 36,857 shares of the company’s stock valued at $2,854,000 after acquiring an additional 23,131 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

TFI International Stock Up 1.7%

TFII stock opened at $91.12 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.88. TFI International Inc. has a twelve month low of $72.02 and a twelve month high of $155.12. The company’s 50 day moving average is $91.71 and its two-hundred day moving average is $87.65. The stock has a market cap of $7.51 billion, a P/E ratio of 20.90, a PEG ratio of 3.16 and a beta of 1.45.

TFI International (NYSE:TFII) last released its quarterly earnings data on Monday, July 28th. The company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.10. TFI International had a net margin of 4.48% and a return on equity of 15.45%. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Research analysts expect that TFI International Inc. will post 7.76 earnings per share for the current fiscal year.

TFI International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, September 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.0%. TFI International’s dividend payout ratio (DPR) is 41.28%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of TFI International from $88.00 to $91.00 and gave the company a “hold” rating in a report on Thursday, July 24th. Bank of America raised their target price on shares of TFI International from $90.00 to $92.00 and gave the company an “underperform” rating in a report on Tuesday, July 29th. CIBC reduced their target price on shares of TFI International from $110.00 to $109.00 and set an “outperform” rating on the stock in a report on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TFI International in a report on Saturday, September 27th. Finally, Scotiabank cut shares of TFI International from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $117.81.

TFI International Profile

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.