CIBC Private Wealth Group LLC Acquires 160 Shares of TFI International Inc. (NYSE:TFII)

CIBC Private Wealth Group LLC lifted its holdings in shares of TFI International Inc. (NYSE:TFII) by 40.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 555 shares of the company’s stock after purchasing an additional 160 shares during the period. CIBC Private Wealth Group LLC’s holdings in TFI International were worth $74,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. 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 last quarter. Amundi lifted its position in shares of 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 purchasing an additional 4,266 shares in the last quarter. Bank of New York Mellon Corp grew its stake 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 valued at $10,621,000 after purchasing an additional 4,763 shares during the last quarter. Baillie Gifford & Co. bought a new stake in shares of TFI International during the fourth quarter valued at approximately $148,623,000. Finally, Legato Capital Management LLC raised its position in TFI International by 8.9% in the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock worth $1,414,000 after purchasing an additional 859 shares during the last quarter. 73.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. The Goldman Sachs Group decreased their price objective on TFI International from $176.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Veritas upgraded TFI International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 18th. UBS Group cut TFI International from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $163.00 to $107.00 in a report on Friday, February 21st. CIBC reduced their target price on shares of TFI International from $160.00 to $141.00 and set an “outperformer” rating on the stock in a research note on Friday, February 21st. Finally, Bank of America downgraded shares of TFI International from a “neutral” rating to an “underperform” rating in a research note on Thursday, February 20th. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $141.21.

TFI International Stock Down 3.7 %

NYSE:TFII opened at $73.64 on Wednesday. TFI International Inc. has a 1 year low of $72.02 and a 1 year high of $162.13. The stock has a 50-day moving average price of $97.43 and a two-hundred day moving average price of $125.61. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.11 and a beta of 1.57. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86.

TFI International (NYSE:TFII) last posted its earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.54 billion. As a group, equities analysts expect that TFI International Inc. will post 7.76 earnings per share for the current year.

TFI International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.45 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.80 annualized dividend and a yield of 2.44%. TFI International’s dividend payout ratio is currently 36.00%.

TFI International Profile

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.