CDAM UK Ltd increased its position in TFI International Inc. (NYSE:TFII - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 381,102 shares of the company's stock after purchasing an additional 9,200 shares during the quarter. TFI International makes up 7.7% of CDAM UK Ltd's portfolio, making the stock its 9th largest holding. CDAM UK Ltd owned approximately 0.45% of TFI International worth $51,483,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of TFII. Brown Brothers Harriman & Co. grew its holdings in TFI International by 124.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company's stock worth $32,000 after acquiring an additional 131 shares during the period. CIBC Private Wealth Group LLC grew its position in TFI International by 40.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company's stock valued at $74,000 after acquiring an additional 160 shares during the last quarter. Legato Capital Management LLC increased its stake in shares of TFI International by 8.9% in the fourth 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 during the period. Amundi lifted its stake in shares of TFI International by 2.4% in the fourth quarter. Amundi now owns 181,202 shares of the company's stock worth $24,134,000 after acquiring an additional 4,266 shares during the period. Finally, Entropy Technologies LP increased its stake in TFI International by 97.8% in the fourth quarter. Entropy Technologies LP now owns 9,295 shares of the company's stock valued at $1,256,000 after purchasing an additional 4,595 shares in the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts recently issued reports on TFII shares. CIBC dropped their price objective on TFI International from $160.00 to $141.00 and set an "outperformer" rating on the stock in a report on Friday, February 21st. Royal Bank of Canada reduced their price target on TFI International from $156.00 to $127.00 and set an "outperform" rating on the stock in a research note on Friday, February 21st. Bank of America cut shares of TFI International from a "neutral" rating to an "underperform" rating in a research note on Thursday, February 20th. The Goldman Sachs Group decreased their target price on TFI International from $176.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, National Bank Financial upgraded TFI International from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $141.21.
View Our Latest Analysis on TFII
TFI International Stock Down 0.8 %
Shares of NYSE:TFII traded down $0.66 during trading hours on Thursday, hitting $81.78. The company's stock had a trading volume of 331,519 shares, compared to its average volume of 315,463. TFI International Inc. has a 52 week low of $72.02 and a 52 week high of $161.49. The firm's fifty day moving average price is $95.33 and its 200 day moving average price is $124.87. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 16.35, a P/E/G ratio of 1.11 and a beta of 1.57.
TFI International (NYSE:TFII - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.54 billion. TFI International had a net margin of 5.08% and a return on equity of 18.40%. As a group, research analysts expect that TFI International Inc. will post 7.76 EPS for the current year.
TFI International Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.45 per share. The ex-dividend date is Monday, March 31st. This represents a $1.80 annualized dividend and a dividend yield of 2.20%. TFI International's dividend payout ratio is presently 36.00%.
TFI International Profile
(
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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