Russell Investments Group Ltd. lessened its position in shares of TFI International Inc. (NYSE:TFII - Free Report) by 8.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,411 shares of the company's stock after selling 4,057 shares during the period. Russell Investments Group Ltd. owned 0.05% of TFI International worth $5,863,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Baillie Gifford & Co. bought a new position in shares of TFI International in the 4th quarter worth about $148,623,000. Geode Capital Management LLC boosted its holdings in shares of TFI International by 31.5% during the 4th quarter. Geode Capital Management LLC now owns 469,263 shares of the company's stock worth $64,345,000 after buying an additional 112,455 shares in the last quarter. CDAM UK Ltd grew its position in shares of TFI International by 2.5% during the 4th quarter. CDAM UK Ltd now owns 381,102 shares of the company's stock worth $51,483,000 after buying an additional 9,200 shares during the period. Amundi increased its stake in shares of TFI International by 2.4% in the 4th quarter. Amundi now owns 181,202 shares of the company's stock valued at $24,134,000 after acquiring an additional 4,266 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in 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 acquiring an additional 4,763 shares in the last quarter. Institutional investors and hedge funds own 73.30% of the company's stock.
Analyst Ratings Changes
TFII has been the topic of a number of research analyst reports. Citigroup cut their price objective on shares of TFI International from $130.00 to $95.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Stephens decreased their price objective on TFI International from $138.00 to $110.00 and set an "equal weight" rating for the company in a report on Tuesday, February 25th. UBS Group cut TFI International from a "buy" rating to a "neutral" rating and cut their target price for the stock from $163.00 to $107.00 in a report on Friday, February 21st. Veritas upgraded shares of TFI International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. Finally, TD Cowen dropped their price objective on shares of TFI International from $135.00 to $128.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $140.14.
Get Our Latest Stock Report on TFI International
TFI International Stock Performance
NYSE:TFII traded down $2.18 during trading on Tuesday, reaching $77.19. The company's stock had a trading volume of 541,724 shares, compared to its average volume of 320,943. TFI International Inc. has a 12 month low of $72.02 and a 12 month high of $158.93. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.11 and a beta of 1.57. The firm has a 50 day moving average of $91.35 and a 200-day moving average of $123.11. 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 (NYSE:TFII - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.40). The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.54 billion. TFI International had a net margin of 5.08% and a return on equity of 18.40%. Research analysts expect that TFI International Inc. will post 7.76 EPS for the current fiscal year.
TFI International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.33%. TFI International's dividend payout ratio (DPR) is presently 36.00%.
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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