TFI International Inc. (NYSE:TFII) to Issue Quarterly Dividend of $0.40

TFI International Inc. (NYSE:TFII) announced a quarterly dividend on Monday, March 18th, Zacks reports. Stockholders of record on Thursday, March 28th will be paid a dividend of 0.40 per share on Monday, April 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Wednesday, March 27th.

TFI International has a payout ratio of 17.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect TFI International to earn $9.24 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 17.3%.

TFI International Stock Performance

Shares of NYSE:TFII traded up $0.75 during midday trading on Tuesday, hitting $160.14. The stock had a trading volume of 20,075 shares, compared to its average volume of 278,251. The company has a market capitalization of $13.53 billion, a PE ratio of 27.43, a P/E/G ratio of 4.27 and a beta of 1.52. The stock has a 50 day moving average price of $143.82 and a two-hundred day moving average price of $130.02. The company has a current ratio of 1.25, a quick ratio of 1.23 and a debt-to-equity ratio of 0.66. TFI International has a 1 year low of $100.96 and a 1 year high of $161.98.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Friday, February 9th. The company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.67 by $0.04. TFI International had a net margin of 6.71% and a return on equity of 20.92%. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the business earned $1.72 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities analysts predict that TFI International will post 7.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TFI International

A number of large investors have recently added to or reduced their stakes in TFII. Geode Capital Management LLC boosted its stake in TFI International by 9.8% during the 2nd quarter. Geode Capital Management LLC now owns 277,978 shares of the company’s stock valued at $31,698,000 after acquiring an additional 24,872 shares during the last quarter. Amundi boosted its stake in TFI International by 6.1% during the 4th quarter. Amundi now owns 161,222 shares of the company’s stock valued at $17,286,000 after acquiring an additional 9,262 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in TFI International by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 132,859 shares of the company’s stock valued at $12,022,000 after acquiring an additional 1,208 shares during the last quarter. Marshall Wace LLP bought a new position in shares of TFI International in the 4th quarter worth about $5,941,000. Finally, Weiss Multi Strategy Advisers LLC lifted its position in shares of TFI International by 38.1% in the 4th quarter. Weiss Multi Strategy Advisers LLC now owns 36,000 shares of the company’s stock worth $4,895,000 after buying an additional 9,930 shares during the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TFII has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of TFI International in a research report on Monday, January 29th. They set a “buy” rating and a $175.00 target price for the company. Stifel Nicolaus boosted their price objective on shares of TFI International from $148.00 to $149.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. CIBC boosted their price objective on shares of TFI International from $158.00 to $167.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Morgan Stanley boosted their price objective on shares of TFI International from $169.00 to $176.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Finally, Bank of America boosted their target price on shares of TFI International from $127.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, December 26th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $156.28.

About TFI International

TFI International Inc provides transportation and logistics services in the United States, Canada, and Mexico. 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.