Bank of New York Mellon Corp lifted its stake in TFI International Inc. (NYSE:TFII - Free Report) by 6.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,621 shares of the company's stock after purchasing an additional 4,763 shares during the period. Bank of New York Mellon Corp owned 0.09% of TFI International worth $10,621,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Baillie Gifford & Co. bought a new stake in shares of TFI International in the fourth quarter worth $148,623,000. Legato Capital Management LLC boosted its holdings in shares of TFI International by 8.9% during the fourth quarter. Legato Capital Management LLC now owns 10,468 shares of the company's stock worth $1,414,000 after acquiring an additional 859 shares during the period. Entropy Technologies LP grew its holdings in TFI International by 97.8% in the 4th quarter. Entropy Technologies LP now owns 9,295 shares of the company's stock valued at $1,256,000 after buying an additional 4,595 shares in the last quarter. Canoe Financial LP bought a new stake in TFI International in the 4th quarter valued at about $1,853,000. Finally, Toronto Dominion Bank raised its holdings in TFI International by 37.9% in the 3rd quarter. Toronto Dominion Bank now owns 60,112 shares of the company's stock valued at $8,229,000 after acquiring an additional 16,510 shares in the last quarter. Institutional investors own 73.30% of the company's stock.
Analysts Set New Price Targets
TFII has been the topic of several research reports. Veritas lowered shares of TFI International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 21st. Royal Bank of Canada dropped their target price on TFI International from $156.00 to $127.00 and set an "outperform" rating for the company in a research report on Friday, February 21st. Susquehanna reduced their price target on TFI International from $170.00 to $135.00 and set a "positive" rating on the stock in a report on Monday, March 3rd. Bank of America cut shares of TFI International from a "neutral" rating to an "underperform" rating in a research report on Thursday, February 20th. Finally, 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $148.93.
Read Our Latest Report on TFII
TFI International Price Performance
Shares of NYSE:TFII traded up $0.63 on Friday, hitting $82.52. The company's stock had a trading volume of 344,175 shares, compared to its average volume of 420,709. The company has a 50-day simple moving average of $117.33 and a 200 day simple moving average of $133.89. TFI International Inc. has a 1 year low of $80.19 and a 1 year high of $162.13. 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 $6.95 billion, a PE ratio of 16.50, a PEG ratio of 1.11 and a beta of 1.62.
TFI International (NYSE:TFII - Get Free Report) last posted 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 return on equity of 18.40% and a net margin of 5.08%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.54 billion. Sell-side analysts forecast that TFI International Inc. will post 7.76 EPS for the current fiscal year.
TFI International 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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