Baillie Gifford & Co. acquired a new position in TFI International Inc. (NYSE:TFII - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,100,441 shares of the company's stock, valued at approximately $148,623,000. Baillie Gifford & Co. owned about 1.30% of TFI International at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Plato Investment Management Ltd bought a new stake in TFI International in the third quarter worth $134,000. Entropy Technologies LP purchased a new position in TFI International in the 3rd quarter worth about $643,000. Legato Capital Management LLC lifted its holdings in TFI International by 8.9% during the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company's stock valued at $1,414,000 after buying an additional 859 shares in the last quarter. Canoe Financial LP purchased a new stake in TFI International in the 4th quarter valued at about $1,853,000. Finally, Public Employees Retirement System of Ohio bought a new position in TFI International in the 3rd quarter worth about $2,373,000. 73.30% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
TFII has been the topic of several research analyst reports. CIBC dropped their price objective on TFI International from $160.00 to $141.00 and set an "outperformer" rating on the stock in a research note on Friday. Citigroup upped their target price on TFI International from $158.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Desjardins upgraded shares of TFI International from a "hold" rating to a "buy" rating in a report on Monday, December 9th. UBS Group lowered shares of TFI International from a "buy" rating to a "neutral" rating and decreased their price target for the company from $163.00 to $107.00 in a research report on Friday. Finally, Stifel Nicolaus cut their price objective on shares of TFI International from $147.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, TFI International currently has a consensus rating of "Moderate Buy" and a consensus target price of $157.07.
Check Out Our Latest Stock Analysis on TFI International
TFI International Price Performance
TFII stock traded down $6.79 during mid-day trading on Friday, reaching $94.69. 1,350,660 shares of the company's stock were exchanged, compared to its average volume of 296,992. The stock's 50 day moving average is $133.57 and its 200 day moving average is $140.28. TFI International Inc. has a 12-month low of $92.66 and a 12-month high of $162.13. The company has a market cap of $7.97 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.40 and a beta of 1.57. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96.
TFI International (NYSE:TFII - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.40). TFI International had a net margin of 5.08% and a return on equity of 18.43%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.54 billion. On average, research analysts expect that TFI International Inc. will post 7.76 EPS for the current year.
TFI International Company Profile
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Free Report)
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.
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