Dixon Mitchell Investment Counsel Inc. Sells 1,114 Shares of TFI International Inc. (NYSE:TFII)

Dixon Mitchell Investment Counsel Inc. decreased its position in TFI International Inc. (NYSE:TFII) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 538,701 shares of the company’s stock after selling 1,114 shares during the quarter. TFI International accounts for about 3.4% of Dixon Mitchell Investment Counsel Inc.’s investment portfolio, making the stock its 9th largest holding. Dixon Mitchell Investment Counsel Inc. owned approximately 0.64% of TFI International worth $72,790,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Plato Investment Management Ltd purchased a new stake in shares of TFI International during the third quarter worth about $134,000. Entropy Technologies LP purchased a new stake in TFI International during the 3rd quarter worth approximately $643,000. Public Employees Retirement System of Ohio acquired a new position in shares of TFI International in the 3rd quarter valued at approximately $2,373,000. Quantbot Technologies LP boosted its stake in shares of TFI International by 295.1% during the 3rd quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock valued at $2,941,000 after buying an additional 16,047 shares during the last quarter. Finally, iA Global Asset Management Inc. grew its position in shares of TFI International by 1,894.5% during the third quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock worth $4,505,000 after buying an additional 31,260 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

TFI International Price Performance

Shares of TFII opened at $135.37 on Thursday. The firm has a market capitalization of $11.43 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 1.43 and a beta of 1.58. The stock’s fifty day moving average is $144.19 and its 200-day moving average is $144.23. TFI International Inc. has a one year low of $126.00 and a one year high of $162.13. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.96 and a current ratio of 0.98.

TFI International (NYSE:TFII) last released its quarterly earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a return on equity of 20.25% and a net margin of 5.67%. During the same quarter last year, the firm posted $1.57 earnings per share. Equities analysts anticipate that TFI International Inc. will post 5.95 EPS for the current year.

TFI International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.45 per share. This is a positive change from TFI International’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Tuesday, December 31st. TFI International’s dividend payout ratio (DPR) is presently 32.73%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. TD Securities reduced their price objective on shares of TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada cut their target price on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Stifel Nicolaus decreased their price target on TFI International from $142.00 to $139.00 and set a “hold” rating for the company in a research note on Wednesday. Stephens restated an “equal weight” rating and set a $149.00 price objective (down previously from $176.00) on shares of TFI International in a research note on Tuesday, October 1st. Finally, Susquehanna reduced their target price on TFI International from $180.00 to $170.00 and set a “positive” rating on the stock in a report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $169.00.

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.