TFI International Inc. (NYSE:TFII) Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. trimmed its position in TFI International Inc. (NYSE:TFII - Free Report) by 94.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,710 shares of the company's stock after selling 31,200 shares during the quarter. iA Global Asset Management Inc.'s holdings in TFI International were worth $231,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baillie Gifford & Co. acquired a new stake in shares of TFI International in the 4th quarter valued at $148,623,000. Geode Capital Management LLC boosted its position in TFI International by 6.8% in the third quarter. Geode Capital Management LLC now owns 356,808 shares of the company's stock valued at $49,288,000 after buying an additional 22,566 shares in the last quarter. Amundi grew its stake in TFI International by 2.4% during the fourth quarter. Amundi now owns 181,202 shares of the company's stock worth $24,134,000 after buying an additional 4,266 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of TFI International by 6.4% during the fourth quarter. Bank of New York Mellon Corp now owns 78,621 shares of the company's stock worth $10,621,000 after buying an additional 4,763 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in TFI International by 37.9% in the third quarter. Toronto Dominion Bank now owns 60,112 shares of the company's stock worth $8,229,000 after purchasing an additional 16,510 shares in the last quarter. 73.30% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TFII. UBS Group lowered shares of TFI International from a "buy" rating to a "neutral" rating and reduced their target price for the company from $163.00 to $107.00 in a research note on Friday, February 21st. Desjardins upgraded TFI International from a "hold" rating to a "buy" rating in a report on Monday, December 9th. The Goldman Sachs Group lowered their price target on shares of TFI International from $176.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Veritas raised shares of TFI International from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 18th. Finally, Bank of America lowered shares of TFI International from a "neutral" rating to an "underperform" rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $148.93.

TFI International Stock Down 0.6 %

Shares of TFII traded down $0.50 during trading hours on Tuesday, hitting $83.72. The company had a trading volume of 245,060 shares, compared to its average volume of 280,241. The firm has a fifty day moving average price of $111.26 and a 200-day moving average price of $131.01. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03. TFI International Inc. has a 52-week low of $80.19 and a 52-week high of $162.13. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 1.11 and a beta of 1.62.

TFI International (NYSE:TFII - Get Free Report) last issued 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 18.40%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.54 billion. On average, equities research analysts forecast that TFI International Inc. will post 7.76 EPS for the current fiscal year.

TFI International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.45 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.80 dividend on an annualized basis and a yield of 2.15%. TFI International's dividend payout ratio is presently 36.00%.

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.